Impact Of Climate Change On Developing Countries – Developing countries already suffer three times more economic losses than high-income countries due to climate-related disasters.

Children gather under a tree while learning in northern Burkina Faso. In the Sahel, temperatures are rising 1.5 times faster than the rest of the world.© UNOCHA/Giles Clarke

Impact Of Climate Change On Developing Countries

The second part of the ‘Trade and Development Report 2021’, released on October 28, calls for a transformative approach to climate change adaptation, including large-scale public investment programs to respond to future and current threats, and green industrial policies to boost growth and jobs. the creation

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2021 is another year of extreme weather events; More extreme heatwaves, increasingly powerful tropical cyclones, longer droughts and higher sea levels are inevitable, and rising global temperatures will bring with them greater economic damage and human suffering.

Vulnerability to economic and climate shocks is compounded in many developing countries, locking countries into an eco-development trap of perpetual disruption, economic uncertainty and slow productivity growth. As global temperatures rise, southern countries suffer more (see figure below).

Secretary-General Rebecca Grinspan said: “The report demonstrates that taking adequate action to meet the climate challenge requires a proactive and strategically transformed approach, not just a retroactive one. But developing country governments need adequate policy and fiscal space to mobilize large-scale public investment to meet future climate threats, but These investments complement development goals.

Much of the agenda-setting debate on climate has focused on mitigation, leaving adaptation as a poor cousin. This is proving short-sighted and costly, particularly for developing countries where climate shocks are damaging growth prospects and forcing governments to divert scarce resources from productive investments.

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Adaptation costs for developing countries have doubled over the past decade as a result of inaction. These will increase further as temperatures rise, reaching $300 billion in 2030 and $500 billion in 2050.

At all levels of development, it is advisable to strengthen resilience to shocks by improving data collection and risk assessment methods to better protect existing assets and provide temporary financial support when shocks materialize.

But the report argues that adaptation is less about risk management and more about development planning; And here the state has to play a key role as the best platform to prepare for climate impacts.

Risk management measures can provide partial resilience to current climate risks, but these interventions preserve structures that leave developing countries in perpetual vulnerability and exclude more forward-looking options.

Climate Change Policy For Developing Countries

According to Richard Kozul-Wright, director of the Department of Globalization and Development Strategies and lead author of the report, “Climate adaptation and development are inextricably linked, and policy efforts to address adaptation must acknowledge this to have sustainable and meaningful impact. .”

The only lasting solution, he suggests, is “establishing more resilient economies through a process of structural transition and reducing developing countries’ dependence on a small number of climate-sensitive activities.”

The report proposes a “re-engineered” state of development as the best way to implement green industrial policies and tune them to local economic conditions.

Activities related to renewable energy production and the circular economy can operate at a lower scale, open up business opportunities for small enterprises and rural areas, help diversify economic production structures, and reduce the dependence of many countries on narrow production. An array of basic objects. This, in turn, broadens the tax base and encourages domestic resource mobilization as a source of development finance.

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However, domestic resource mobilization needs to be strengthened, including through more active central banks, dedicated public banks and strategic fiscal policies.

Given the systemic nature of adaptation challenges and the need to ensure more equitable outcomes, the development state must become a regulator and coordinator of private green finance and go beyond a mere de-risking vehicle.

As central banks around the world were able to directly support governments during the COVID-19 pandemic, the report examines how the post-pandemic recovery period offers an opportunity to follow a similar path to support climate-related investments.

However, the scale of adaptation needs and the fact that those who suffer the most are least responsible for causing the problem and least able to pay for it, means that advanced economies must increase commitments for adaptation finance.

Linking Climate And Inequality

Breaking out of the environment-development trap suggests that the challenge of climate adaptation in developing countries needs to be approached from a development perspective, including the following key features:

It supports developing countries to access the benefits of a globalized economy more efficiently and effectively and equips them to deal with the potential drawbacks of greater economic integration.

It provides analysis, facilitates consensus building and provides technical assistance. It helps countries use trade, investment, finance and technology as vehicles for inclusive and sustainable development. Landry Signe and Landry Signe Senior Fellow – Global Economy and Development, Africa Growth Initiative @LandrySigne Ahmadou Ali Mbaye Ahmadou Ali Mbaye Non-Resident Economy – and Development Global Senior Fellow, Africa Growth Initiative @AhmadouAlyMbaye

Acceleration of climate change is recognized as having negative impacts on development and security. 1 Effects can vary significantly depending on the sector, location and time under consideration. 2 Climate change has a major impact on human health. Several studies have explored the impact of high temperatures on economic performance, showing an overall negative impact of hot temperatures. 3 The harmful effects of climate change are already noticeable, with natural disasters becoming more frequent and catastrophic, and developing countries more vulnerable. Johannesburg Declaration on Sustainable Development. Although climate change is a global phenomenon, poor people and poor countries are more severely affected by its adverse effects. According to the Intergovernmental Panel on Climate Change (IPCC), progressive changes will lead to higher overall temperatures and changes in the water cycle. Sea level rise and change of climate zones.5

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These impacts include reduced agricultural yields, increased vulnerability to extreme weather events such as droughts and floods. According to the World Bank, by 2050 more than 140 million economically disadvantaged people from sub-Saharan Africa, South Asia and Latin America will be forced to migrate internally due to the effects of climate change, such as water scarcity, reduced agricultural productivity and rising sea levels. In 2019 alone, climate change caused 24.9 million climate-related displacements.7 When such displacements occur in fragile states, they not only create national security and development challenges but also threaten international security. Left unchecked, climate change has the potential to undermine sustainable development gains and fuel violent conflict. 8 A better understanding of the relationship between climate, conflict, vulnerability and development is critical so that policymakers around the world can take appropriate action in collaboration. with developing, fragile and conflict-affected countries. The purpose of this paper is to emphasize the right and renewed climate action that needs to be taken immediately for effective and just climate adaptation. While relevant governments have a responsibility to integrate climate policy into their national development policies, we argue that G20 countries have special responsibilities in providing the necessary financing and adequate technology transfer to support adaptive policies in fragile and developing countries. Global emissions levels.

Note: Over 80 percent of the countries with the largest increase in CO2 emissions in the past ten years are low- and lower-middle-income economies.

Mbaye, Ahmadou Aly and Signé, Landry. Climate change, development and the conflict-fragility nexus in the Sahel. Organization, 2022. October 30, 2022. https:///research/climate-change-development-and-conflict-fragility-nexus-in-the-sahel/.

Asimoglu, Daron et al. “Reversal of Fortune: Geography and Institutions in the Modern World Income Distribution.”

Chart: Who Will Suffer Economically From Climate Change?

117 (4): 123194 (2002). https://doi.org/10.1162/003355302320935025; Kamarck, Andrew M. and the World Bank. 1976. The Tropics and Economic Development: A Provocative Inquiry into the Poverty of Nations. Baltimore: Published for the World Bank by Johns Hopkins University Press.

Hallegatte, Stephen and Mack, Kathryn J. “Making climate change projections more relevant: Stephen Hallegatte, Kathryn J. Mack and colleagues urge researchers to adapt their studies and the way they present their findings to the needs of policymakers.” In a recent chilling assessment, the World Health Organization (WHO) reported that human-induced changes in the Earth’s climate now lead to at least 5 million cases of illness and more than 150,000 deaths each year.

Temperature fluctuations can affect human health in a surprising number of ways, from affecting the spread of infectious diseases to increasing the likelihood of illness-inducing heat waves and floods, scientists have learned.

Now, in a synthesis report featured on the cover of the journal Nature, a team of health and climate scientists at UW-Madison and the WHO show that the growing health impacts of climate change will affect different regions in different ways. Ironically, the places that have contributed the least to global warming are the most vulnerable to the death and disease high temperatures bring.

Climate Change In Developing Countries: Global Warming Effects, Transmission Channels And Adaptation Policies

“Those who are tolerant and less responsible for the greenhouse gases that cause global warming will be most affected,” said lead author Jonathan Patz, a professor at UW-Madison’s Gaylord Nelson Institute for Environmental Studies. “There is an enormous global moral challenge here.”

According to Nature’s report, the areas at highest risk are:

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