Asia's Natural Disasters Must Not Become Financial Crises
4 Articles
4 Articles
Asia's natural disasters must not become financial crises
The dangerous flooding in Nepal and Tibet has demonstrated, once again, the need for prearranged disaster-risk financing to prepare for the economic chain reactions triggered by natural disasters. Asia's policymakers must act now to help cash-strapped Nepal and strengthen other countries' resilience before the next crisis hits.
(Seoul = Yonhap News) Reporter Yang Soo-yeon = "Regarding the great flood in Nepal, people say, 'Korea doesn't have glaciers or such high mountains, so something like that won't happen,' but...
Authorities should prepare for the economic impact of extreme weather events
A Glaciologist Warns About the Impact of Climate Change on Glacial Disasters Between Nepal and Tibet
The disaster in Nepal serves as yet another warning about the dangers of the climate crisis: retreating glaciers are not just transforming landscapes. These are the initial hypotheses about the role of global warming in the disaster of August 26. Nepal suffered one of the most dramatic hydrogeological and glacial disasters of 2016. On August 26, a high-altitude glacier, located at over 5,000 meters, collapsed, triggering a massive avalanche of i…
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