Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

Migration to flee rising seas could affect 1.3 million Bangladeshis by 2050

Migration to flee rising seas could affect 1.3 million Bangladeshis by 2050

By Naimul Karim

DHAKA (Thomson Reuters Foundation) – Bangladeshi migrants leaving the coast due to rising sea levels could trigger waves of migration across the country that will affect at least 1.3 million people by 2050, according to a new study.

A new mathematical model predicts the country’s southern regions along the Bay of Bengal will be the first impacted by sea level rise, causing displacement that would eventually affect all of the nation’s 64 districts.

Some migrants could displace existing residents, triggering further movement of people, said the study published by the American Geophysical Union, an international scientific group.

The population of Dhaka, a popular hub for migrants, is expected to shrink after an initial surge as residents seek to move away from an overburdened capital, researchers said.

With more than 600 million people at risk of being displaced by sea level rise in coastal regions worldwide in this century, researchers say their model could help countries prepare by ensuring cities are equipped to deal with an influx of migrants.

“The paper seeks to understand not only the immediate displacement due to sea level rise, but the cascading effects that their migration will trigger through the country,” co-author Maurizio Porfiri told the Thomson Reuters Foundation on Wednesday.

“The model will initially tell you that Dhaka is the place to go, but ultimately, as the place gets overpopulated… people will have to distribute everywhere. So every place will get a fraction of the migrants.”

Bangladesh, a country of more than 160 million, is a low-lying nation often included on lists of countries most at risk from the impacts of rising global temperatures, from more extreme storms to floods.

Last year, the nation witnessed flooding that lingered for an unusually long time and experts feared the economic impact was worsened due to job losses caused by the coronavirus pandemic.

The study’s authors say their model can be used to assess migration trends caused by any kind of environmental disaster, from droughts and wildfires to earthquakes.

“Mathematical modelling is the only way we have to ground our future decisions,” said Pietro De Lellis, an engineer at the University of Naples Federico II in Italy and the study’s lead author, in a press release.

The study’s model considers human behaviour, such as whether people are willing or able to leave home and if they later are likely to return there.

“(The study) has rightly focused on the complexity of human behaviour that is involved in the decision-making process of potential migrants,” said Saleemul Huq, director of the Dhaka-based International Centre for Climate Change and Development.

“Towns in other parts of the country, besides Dhaka, need to prepare to receive climate migrants in the future.”

(Reporting by Naimul Karim @Naimonthefield; Editing by Jumana Farouky and Laurie Goering. Please credit the Thomson Reuters Foundation, the charitable arm of Thomson Reuters, that covers the lives of people around the world who struggle to live freely or fairly. Visit http://news.trust.org)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post