‘Era of disasters’ poses challenge for governments
Experts are urging governments to act swiftly in response to the growing threat of coastal inundation to prevent damage in excess of $7 trillion and and protect themselves from liability.
As the world approaches the “two degrees Celsius” global warming threshold, which scientists believe could cause sea levels to rise up to several metres, a new report from the OECD has called for immediate action to mitigate the potentially catastrophic and costly impacts of rising tides.
The Organisation for Economic Co-operation and Development report, released on March 6, flags the prospect of coastal regions facing increasing risks from rising oceans, with a potential cost of 4 per cent of world GDP annually.
Under current projections, “it is almost certain that we will experience at least one-metre of sea-level rise with some models estimating this will happen within the next 80 years,” the Responding to Rising Seas, OECD approaches to tackling coastal risks report says….
Today’s water situation in Metro Manila reminds me of a similar situation we had 30 years ago. Back then, the metro also faced a critical shortage of power, facing up to 8 to 10 hours of power outages or “brownouts” daily. The situations are not exactly identical, but there are enough similarities from which to draw some lessons.
From 1989 to the early 1990s, Metro Manila suffered from rotating 8-10 hour power outages in the summer. This meant that some portions of the city faced a brownout sometime during the day. The main culprit then was the lack of supply of electricity for distribution to customers. The problem was not limited to Metro Manila; similar problems were experienced across Mindanao, again on account of lack of supply…