Each year, the Philippines is hit by an average of 20 typhoons, which are growing progressively more destructive. A report released by Fitch Ratings in November 2021 said that this country is one of the most exposed to climate change physical risks, particularly floods and storms. In addition, the Department of Finance reported that climate-related hazards have cost the country $10 billion dollars in losses and damage over the past decade.
In this B-Side episode, Rick Holland, Grundfos senior regional sales director for the Asia Pacific, talks to BusinessWorld reporter Alyssa Nicole O. Tan about key solutions to mitigate flooding caused by extreme weather events amid worsening climate change. Headquartered in Denmark, Grundfos manufactures pumps for flood control, irrigation, and sewage, among others.
“You cannot just take one approach to everything,” said Mr. Holland, noting that a community’s geography, economic status, and density should be considered when thinking of long-term solutions.
Recorded remotely in February 2022. Produced by Earl R. Lagundino, Jino D. Nicolas, and Sam L. Marcelo.
