Climate change costing Philippines $241M yearly, says study

The study by Danilo C. Israel, a senior fellow from the Philippine Institute for Development Studies, found that the huge economic loss, from 1990 to 2009, came from direct damage to property, livelihoods and crops due to climate-related natural hazards. Israel recommends improved weather forecasting and information dissemination to curb the negative impacts of weather and climate-related disasters, reports the Inquirer.

"This would allow the government and population to effectively respond to weather and climate-related natural disasters and minimize their otherwise highly significant negative impacts," he said.