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World Bank Report: Over 75 per cent of households likely to face extreme weather in next decade

World bank report: Explaining about a different situation also suggests that public budgets are under pressure, and said that much of the adaptation effort needs to come from the private sector. This report has also outlined policy reforms that would help households and firms adapt to increasingly frequent and damaging weather events.

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Amid the rising global temperature, experiencing the current heat from the past few years has not been easy. To make the situation even worse, recently, a World  Bank report stated that more than 60 per cent of households and firms have experienced extreme weather in the last five years, and over 75 per cent are expected to face it in the next decade.

As reported by ANI, The recently concluded report by the World Bank has been named as 'From Risk to Resilience: Helping People and Firms Adapt in South Asia'. Addressing about the report, the World Bank has warned that South Asia in the coming few years will face a sharp rise in temperature and people can experience sheer heat. The report also states that nearly 90 per cent of the population is expected to be exposed to intense heat by 2030. 

The report from the World Bank explaining about a different situation also suggests that public budgets are under pressure, and said that much of the adaptation effort needs to come from the private sector. This report has also outlined policy reforms that would help households and firms adapt to increasingly frequent and damaging weather events.

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