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ADB: Mongolia must spend up to 560 million USD a year to climate-proof infrastructure

Mongolia needs to spend up to 560 million USD per year between 2010 and 2050 to ensure its infrastructure can withstand severe weather conditions, says a new report from the Asian Development Bank (ADB).

Economics of Climate Change in East Asia projects that severe weather related to climate change will intensify in the region, with once-in-20-years flooding predicted to occur as frequently as every four years by 2050. When combined with rising sea levels, this is expected to cause massive swaths of land to disappear, forcing millions to migrate, and wreaking havoc on infrastructure and agriculture.

Mongolia’s agricultural sector, which employs 33 percent of the total 2.8 million population and accounts for 15 percent of the economy, is the country’s most vulnerable sector.

“If climate change causes more variable weather, the frequency of dzuds (extreme cold and heavy snow) may increase even if the average temperature goes up. Hotter weather and greater seasonal rainfall could exacerbate the degradation of pasture land, hurting farmers across Mongolia,” said Jörn Brömmelhörster, principal economist in ADB’s East Asia Department and one of the main authors of the report.

Droughts, in combination with the dzud, have already led to major losses of livestock. In 2010, almost 30 percent of the country’s livestock died as a consequence of the heavy snows, affecting more than 200,000 households.

In East Asia, Mongolia is a country where the climate change scenarios – and the costs of adapting to them – are the most varied. Under the worst-case scenario, Mongolia would need to spend 8.5 percent of its 2011-2050 infrastructure investment and maintenance costs to ensure that its infrastructure can cope with climate change.

Short URL: http://ubpost.mongolnews.mn/?p=6551

Posted by on Oct 29 2013. Filed under Business & Economics. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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