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Wang Bowen

As seen in: Line Today (Hong Kong), UOL, Nikkei Asia, Xinhua News Agency, Shanghai Daily, Eco-Business, Dialogue Earth, DealStreetAsia, Caixin Global, chine.in and
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Articles

Climate ‘loss and damage’ should include supply chain impacts

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By Wang Bowen
| Eco-Business Verified
Total losses were greater in high-income countries owing to greater asset exposure and more extensive reporting. However, when relative losses were expressed as a share of GDP, those of European countries – blessed with comparatively high per capita GDPs – were below the global average. And over half of those losses reflected indirect, trade-related impacts. It is worth bringing these findings to bear on the concept of “vulnerability” which is at the heart of climate negotiations.
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Climate ‘loss and damage’ should include supply chain impacts

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By Wang Bowen
| Dialogue Earth Verified
A fund to support developing countries in addressing the irreversible impacts of climate change is finally opening up to funding applications. The first call for requests to the Fund for responding to Loss and Damage was made at the UN’s COP30 climate summit held recently in Brazil. Developing countries can submit project applications from December to access support from a pool of USD 250 million. After decades of advocacy and stalling, the fund had been formally launched at COP28 in 2023.
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China’s greatest losses from floods and typhoons are indirect

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By Wang Bowen
| Eco-Business Verified
Manufacturing is most affected, with indirect losses reaching CNY 54.6 billion, or 60 per cent of all attributable indirect losses. This is because the sector involves substantial fixed assets and close ties with other sectors. While finance, real estate, wholesale and retail, and business services are not directly impacted by extreme weather, they do see significant indirect losses through linkages with affected sectors, to the tune of CNY 18.5 billion, or 20 per cent of all indirect losses.
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