Bangladesh incurs loss of $1b every year: WB

The sea remains rough as the cyclone Sitrang has turned into a powerful cyclone. The picture was taken from Akmalali road in Chattogram on 24 October.File photo

The country is incurring a loss of one billion dollars every year due to the cyclone that may increase further as the number of the cyclones is increasing.

Besides, Gross Domestic Production (GDP) may reduce by nine per cent.

This data was revealed in a report titled ‘Country climate and development’ by the World Bank (WB).

Two trees were uprooted on the road in Narayanganj due to squally wind under the influence of severe cyclonic storm Sitrang on Monday night
File Photo

The WB came up with this report on Monday at an event at a hotel in the capital where climate change experts and the researchers were present.

The keynote paper was presented by World Bank's vice-president for South Asia Martin Reiser.

The report said nearly 13 million people will be displaced by 2050 due to climate change. During the timeframe, GDP in the agriculture sector could decrease by one third per cent. Bangladesh would need US Dollar 12.5 billion per year in tackling the climate-related crisis.   

Locals repair an embankment damaged in the cyclone. The picture was taken from Koira in Khulna on 25 October.
File Photo

It claimed environment pollution, particularly air pollution, lack of drinkable water, sanitation and health guidelines, are responsible for 32 per cent of deaths in the country.

The sea level could rise by 27 cm or higher if the temperature of the country increases by 1.5 degree Celsius coupled with the rise of rainfall by four per cent. It would result in losses in the coast worth US dollar 3 million per year, the WB report added.        

Mofizul Islam of Chewakhali village in Dhania union of Bhola sadar died after an uprooted tree fell on his house due to the strong wind caused by the cyclone
File Photo

The report said climate change may wreak havoc on four regions of the country: Varendra, hill, coastal and haor. In terms of districts, the western Mymensingh, eastern Rangpur and southern Khulna are  considered as the highly risk-prone area in the climate change. 

The residents of the disaster-prone areas will have to increase their capacity in tackling the situation, the report suggested.         

Martin Reiser said Bangladesh has played a pioneering role in adaptation and disaster management. However, as the climate risk is increasing, it is imperative to boost the efforts of adaptation.