ADB warns of risks faced by ports in PHL due to climate hazards

October 21, 2026 at 9:02 PM (Asia/Manila) 1 min read Source: BusinessWorld

PHILIPPINE PORTS could incur as much as $70.2 billion in annual losses from climate-related hazards by 2100 under a high-emissions scenario, the highest loss estimate in Southeast Asian economies, according to the Asian Development Bank (ADB).