Climate damage to Philippine ports could cost US$70b a year by 2100
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The Philippines faces the highest climate-driven port damage costs in Southeast Asia, with annual losses projected to hit US$70.2 billion by 2100, the Asian Development Bank (ADB) has warned. Analysts say the damage could cripple supply chains, drive up food prices and threaten livelihoods, urging Manila to adopt a more coordinated approach to flood protection rather than simply strengthening port infrastructure.