The catastrophic flooding in Nepal has demonstrated, once again, the devastating human and economic toll of climate change. The immediate priority must be to save lives and support affected communities. But the devastation also highlights how physical hazards can quickly morph into macroeconomic shocks.
These events have different causes, and no single disaster should be casually attributed to El Niño or climate change. Nonetheless, the World Meteorological Organization expects a strong El Niño to intensify from August through October, increasing the likelihood of above-normal temperatures in much of the world and major shifts in rainfall.
In Southeast Asia, El Niño often brings drier conditions and raises the risk of drought, wildfires, and haze, although its effects vary across countries and seasons.
For policymakers, the imperative is to prepare for the economic chain reactions triggered by extreme weather events.
Droughts, floods, and heat waves damage crops and infrastructure. In countries with inadequate food stocks, weak logistics, and concentrated import sources, lower production can lead to shortages, higher prices, and declining household purchasing power. Governments face pressure to subsidise prices or facilitate emergency imports, while central banks confront the difficult combination of supply-driven inflation and weaker demand.
Then comes the fiscal aftershock. If roads, ports, irrigation systems, schools, and hospitals cannot be repaired or replaced in a timely manner, temporary disruptions can turn into a permanent drag on productive capacity. Governments may be forced to divert spending from development, borrow at short notice, or wait for external assistance. A post-disaster financing gap can all too easily become a long-lasting economic slump.
When disaster strikes, countries must be prepared not only to limit physical damage, but also to reduce economic downtime, maintain essential public services, contain financial stress, and prevent short-term losses from weakening long-term growth. A robust, rapid recovery requires providing humanitarian support and stabilising macroeconomic conditions.
The scale of the challenge is staggering. According to the United Nations Office for Disaster Risk Reduction, direct disaster losses averaged US$180–200 billion annually between 2001 and 2020. When accounting for indirect, cascading, and ecosystem effects, the total annual cost rises to more than US$2.3 trillion.
Asia must be prepared. To that end, in May, finance ministers and central bank governors from Asean+3 countries (the Southeast Asian member states, plus China, Japan, and South Korea) endorsed the Disaster Risk Financing Initiative’s 2026–28 roadmap. This framework will help members develop national disaster-risk financing strategies and expand their use of insurance, catastrophe bonds, and other relevant instruments.
To be sure, prearranged financing cannot cover the full costs of a major disaster. Nor should insurance be expected to do so. Their value lies in providing reliable funding during the critical early stage of a crisis, when delays are most damaging, and governments have the least room to improvise.
For example, on September 1, the Southeast Asia Disaster Risk Insurance Facility, a regional platform under the umbrella of Asean+3, paid US$1 million to Laos within five business days after official data showed that more than 260,000 people had been affected by heavy rainfall and widespread flooding.
The right approach is to match financing to risk. Budget reserves and disaster funds can cover frequent, relatively small losses. Contingent credit may be used for medium-size shocks, while insurance and capital-market instruments should be reserved mainly for less frequent but fiscally severe events. To ensure that the funds reach affected communities quickly, governments must have effective social-protection systems and contingency plans.
This process converts uncertain post-disaster liabilities into risks that can be measured, priced, allocated, and, most importantly, managed in advance. When some of the recovery costs are prearranged, governments are less likely to increase taxes abruptly, slash public investment, resort to emergency borrowing, or delay aid. Fiscal exposure becomes more predictable, reducing uncertainty around public debt, inflation, and economic growth.
The benefits extend beyond government balance sheets. Such an approach also provides businesses and financial markets with greater clarity about post-disaster taxation, public-investment cuts, payment delays, and credit conditions. And it enables a quicker restoration of ports, roads, electricity, and communications, limiting disruption to regional supply chains. Across the closely integrated Asean+3 region, recovery in one economy helps preserve its neighbours’ stability.
The economics of climate change has reframed the role of disaster-risk finance. No longer merely a peripheral instrument that pays claims after an extreme weather event, it has become a policy lever that protects fiscal space and improves the medium-term outlook before a crisis occurs. Disaster-risk finance functions as a macroeconomic firewall for fiscal policy, financial stability, food security, social protection, and infrastructure planning, reducing both economic volatility and uncertainty about the recovery.
Asean+3 has spent decades building its regional financial safety net against currency and financial crises. As a strengthening El Niño threatens to take its toll on the region, the next task is clear: prevent natural disasters from becoming humanitarian, fiscal, and, ultimately, financial crises. With regional disaster-risk finance, governments will be in a better position to restart their economies, preserve fiscal space, and contain spillovers. That is what real resilience looks like in a warming world.
Yasuto Watanabe is Director and CEO of the Asean+3 Macroeconomic Research Office (AMRO).
Copyright: Project Syndicate, 2026.
www.project-syndicate.org
Jangan ‘canggung’ tangani karhutla
- Admin UKK
- Berita
Setakat ini, hampir 300,000 hektar kawasan atau lebih empat kali ganda keluasan Singapura hangus di Indonesia akibat kebakaran hutan dan tanah gambut yang di sana, disebut menggunakan singkatan (karhutla).
Bencana bukan alam semula jadi ini menyebabkan jerebu tebal menyelimuti kawasan luas di Pulau Borneo dan Sumatera, berminggu-minggu lamanya, malah asap kebakaran juga sampai ke Singapura, Filipina dan hampir terlupa, Malaysia.
Lebih lima juta orang di seluruh Borneo dan Sumatera terdedah secara langsung kepada jerebu, demikian menurut Timbalan Menteri Kesihatan, Dante Saksono Harbuwono pada bulan lalu.
Lebih 1.4 juta pelajar pula menghadiri pembelajaran secara online dengan banyak sekolah ditutup akibat kualiti udara merosot teruk.
Masalah jerebu masih berlaku walaupun Indonesia tidak asing dengan karhutla kerana sejarah aktiviti tebang dan bakar sebagai langkah murah membersihkan tanah untuk pertanian ini melangkaui berdekad-dekad lamanya dan berlaku semasa era Presiden Suharto lagi.
Bagaimanapun, kali ini, Jakarta sedikit ‘canggung’ dalam menangani karhutla walaupun berkali-kali mengalaminya.
Ketika api merebak di Kalimantan dan Sumatera, pemimpin Indonesia dilaporkan mengusulkan penggunaan tepung ubi kayu sebagai bahan pemadam kebakaran. Apabila penulis membaca tentang ini, penulis awalnya beranggapan ia berita palsu.
Namun, penelitian lanjut mendapati cadangan itu benar-benar berlaku. Sepanjang lebih dua dekad penulis membuat liputan mengenai kebakaran hutan besar khususnya di Australia, Eropah dan Amerika, ini kali pertama penulis melihat usul sebegini.
Ia adalah cadangan yang penulis boleh katakan, ‘pemikiran jauh di luar kotak’. Di masa hadapan, saintis-saintis mungkin boleh membuktikan bahawa tepung ubi kayu adalah bahan pemadam api yang efektif.
Penulis juga terbaca tentang pemerintah Indonesia mengarahkan pasukan komando melakukan terjunan di kawasan-kawasan titik panas untuk memadamkan kebakaran hutan. Di ruangan komentar, pelbagai pertanyaan diusulkan oleh netizen, khususnya apa yang dibawa oleh setiap komando dan bagaimana pula mereka akan keluar nanti?
Penulis juga melihat pentadbiran tempatan melepaskan pasukan bomba bersama jentera pemadam api ke lokasi kebakaran persis pelepasan acara ‘treasure hunt’.
Dalam keterbatasan penulisan ini, penulis ingin memberi cadangan ‘kolot lagi konservatif’ bagi membantu Indonesia menangani karhutla di masa hadapan seperti mewujudkan sistem amaran awal di zon kebakaran hutan dan membeli pesawat serta helikopter pemadam kebakaran.
Pemerintah juga boleh meningkatkan jentera, petugas dan persediaan lain di kawasan berisiko setiap kali musim pembersihan tanah tiba.
PETALING JAYA: Kebanyakan ibu bapa mengambil keputusan untuk tidak membenarkan anak mereka hadir ke sekolah, susulan keadaan jerebu yang semakin memburuk di seluruh negara.
Pemerhatian di media sosial mendapati, kebanyakan ibu bapa meluahkan perasaan bimbang terhadap kesihatan anak-anak mereka yang terdedah kepada kualiti udara tidak sihat.
Rata-rata mereka mempersoalkan prosedur operasi standard (SOP) penutupan sekolah mengikut nilai Indeks Pencemaran Udara (IPU) yang didakwa lambat bertindak balas terhadap situasi di lapangan.
Pengguna platform Threads, @eilahalie memberitahu, tindakan yang diambilnya adalah demi keselamatan anak.
“Saya tidak sekolahkan anak sebab jerebu teruk. Semua tanggungjawab kita, kalau jadi apa-apa, sekolah akan kata dia ikut panduan Kementerian Pendidikan (KPM),” katanya.
Seorang lagi pengguna, @izuilam mempersoalkan kewajaran menunggu bacaan tertentu sebelum tindakan diambil terutamanya bagi kanak-kanak yang mempunyai masalah kesihatan kronik seperti asma.
“Takkan hendak tunggu teruk baru tutup? Macam mana anak yang ada asma? Ada jaminan ke pergi sekolah tu, streslah,” katanya.
Sementara itu, Menteri Pendidikan, Datuk Seri Fadhlina Sidek berkata, ibu bapa yang bimbang terhadap kesihatan anak susulan keadaan jerebu ketika ini dibenarkan untuk tidak menghantar mereka ke sekolah dengan memaklumkan perkara itu kepada pihak sekolah.
Katanya, tindakan berkaitan pengoperasian sekolah ketika jerebu dibuat berdasarkan Pelan Tindakan Jerebu Kebangsaan dengan bacaan IPU menjadi rujukan rasmi.
“Ibu bapa dibenarkan tidak menghantar mereka ke sekolah dengan memaklumkan pihak sekolah,” katanya. – UTUSAN
KUALA LUMPUR, 4 September – Kualiti udara di Sarawak pagi ini terus merosot dengan stesen pemantauan di Ibu Pejabat Polis Daerah (IPD) Serian merekodkan Indeks Pencemar Udara (IPU) bahaya melepasi 500 iaitu 517.
Berdasarkan kemas kini di laman sesawang Sistem Indeks Pencemar Udara (APIMS) Jabatan Alam Sekitar (JAS), setakat 11.00 pagi, Kuching juga mencatatkan bacaan pada tahap bahaya iaitu 310.
Samarahan dan Sri Aman pula merekodkan bacaan paras sangat tidak sihat iaitu (281) dan Sri Aman (239).
10 kawasan pula merekodkan bacaan IPU tidak sihat dengan enam daripadanya di Sarawak iaitu Sarikei (182), Sibu (178), Mukah (175), Bintulu (157) , Samalaju (151) dan ILP Miri (113).
Dua kawasan di Sabah turut merekodkan bacaan IPU tidak sihat iaitu Sandakan dan Politeknik Kota Kinabalu, dengan masing-masing 152 dan 120.
Di Semenanjung, dua kawasan di Johor mencatatkan kualiti udara tidak sihat iaitu Pasir Gudang (126) dan Segamat (102)
ISKANDAR PUTERI: Operasi pembenihan awan (OPA) akan diteruskan bagi membantu mengurangkan tahap pencemaran udara susulan keadaan jerebu yang melanda beberapa bahagian di Sarawak.
Timbalan Perdana Menteri, Datuk Seri Ahmad Zahid Hamidi berkata dua bahagian, iaitu Kuching dan Sri Aman, merekodkan bacaan Indeks Pencemaran Udara (IPU) pada tahap sangat tidak sihat hari ini.
Beliau yang juga Pengerusi Agensi Pengurusan Bencana Negara (NADMA), berkata keadaan di Serian yang diisytiharkan darurat semalam mula menunjukkan perkembangan positif apabila bacaan IPU semakin menurun.
“Kita harap sempena dengan perayaan Hari Malaysia di Kuching, dengan adanya operasi pembenihan awan dapat menurunkan tahap indeks sebaran udara di negeri Sarawak khususnya.
Beliau yang juga Menteri Kemajuan Desa dan Wilayah (KKDW) berkata demikian ketika ditemui selepas merasmikan penutupan Karnival Sukan Orang Asli Peringkat Kebangsaan Tahun 2026 di Kompleks Sukan Educity di sini, hari ini.
Berdasarkan bacaan pada jam 9 pagi tadi, Kuching merekodkan IPU 235, manakala Sri Aman pula 214, masing-masing pada tahap sangat tidak sihat.
Serian pula merekodkan bacaan IPU 184, menunjukkan penurunan berbanding bacaan sebelumnya.
Terdahulu, Ketua Pengarah NADMA, Datuk Meor Ismail Meor Akim berkata, OPA di seluruh Sarawak sedang dilaksanakan sehingga esok bagi mengurangkan masalah jerebu yang melanda negeri berkenaan.
Yang di-Pertuan Agong Sultan Ibrahim berkenan mengisytiharkan darurat di seluruh bahagian Serian, Sarawak, kelmarin.
