The cost of climate change for East Asia

A report by the Asian Development Bank said four Asian nations will have to pay billions annually to prepare their infrastructure for extreme weather changes. The report said China, Japan, South Korea and Mongolia should expect to pay $23 billion every year until 2050. The ADB report said three East Asian cities — Shanghai, Guangzhou and Osaka — are most at risk for rising sea levels as the Earth gets warmer. ADB said weather-proofing housing will comprise bulk of the costs, but the cost of repairing roads will also rise as weather conditions will damage them more quickly. Flooding is a major risk for China, while problems with the agricultural sector will be a concern for Mongolia.

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