PARIS (AFP) – Major economies such as India, Brazil and Russia face “cascading” crises driven by climate change, an industry analysis warned yesterday.
While developing nations of Africa and Southeast Asia are predicted to be worst hit, some middle-income nations lack the infrastructure and legislative freedom to keep pace with the changing climate.
Unsurprisingly, most wealthy nations were found to be the most insulated against climate shocks while most developing nations are in the vulnerable category.
Several middle-income countries, however, including India, Indonesia and South Africa also fell into this grouping.
