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Poor Nations Face Four Times More Climate Change Risk, S&P Warns

  • Around 12% of low-income nations’ output under threat by 2050
  • More climate finance needed to help build resilience

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.