Poorer countries’ economies will be four times more exposed to climate risks than richer peers by 2050, according to an S&P Global Ratings analysis.
Around 12% of low to lower-middle income nations’ economic output will be under threat, compared to 3% for high and upper-middle income states, the ratings agency said in a report based on a “moderate” scenario. South Asia is particularly at risk -- 10 times more so than Europe -- due to its exposure to storms, floods and rising sea levels.
