As per world bank, “Without rapid, ‘climate-smart’ development more than 100 million people will be pushed into poverty by 2030”
Climate change could be a reason to destroy “hard earned gains” in international development and make more than 100 million more people poor by 2030, unless the world works on rapid, climate-smart development schemes.
Above one is the harsh conclusion of the World Bank in its latest report, released today, quoting the risk climate change has to some of the poorest people in the world.
A good progress has been made to eliminate the global poverty last decade. 36 per cent of the world’s population were poor in 1991 – this figure is now reduced to 10 per cent. However, the World Bank issued warning that without emissions reductions policies to protect the poor this progress would be futile.
The world’s poor are those who are mostly at risk because of climate-related problems, and also vulnerable to difficult situation because of rise in food prices, they are prone to outbreaks of disease due to extreme weather conditions, as per the report. As such these harsh conditions increase, millions of people will lose their livelihoods and become poor, as report predicts.
“Ending poverty and tackling climate change must be considered in tandem. ” said Jim Yong Kim, president of the World Bank. “This report sends a clear message that ending poverty will not be possible unless we take strong action to reduce the threat of climate change on poor people and dramatically reduce harmful emissions,” he said.
He also added, “Climate change hits the poorest the hardest, and our challenge now is to protect tens of millions of people from falling into extreme poverty because of a changing climate,”
The report is the unique of its kind to consider the poverty impacts of climate change from a household level not from a national economic level. It indicates the poorest people in the world are most vulnerable to climate shocks, and lose far more of their wealth when hit, and this analysis is based on data from 92 countries alongside climate modelling. They also don’t have access to social and economic safety nets that would have helped in case of natural disasters due to climate change.
Agriculture is the main reason of climate change’s impact on the poor. In sub-Saharan Africa food consumption has spending for more than 60 per cent among the poorest families, climate change is expected to raise up food prices by almost 12 per cent in 2030. Meanwhile, people facing drought may increase by 90 per cent by 2080.
“climate-smart” development models are the recommendations for those countries which are most risk as per, the World Bank. For example, extreme rainfall seasons should be tackled with the new water and sanitation infrastructure, while new places for families should be in areas of relative climate safety. Meanwhile, the release of climate-resistant crops and improved flood defences for agricultural land could help to fight against the potential impact of climate change on the food system.
International support will be crucial to achieve this kind of development as per the report. Climate finance seems to be a major issue in coming Paris summit, as developing countries would look for financial helps to fund their low-carbon development programmes from the developed nations.
On Friday the Green Climate Fund approved its first batch of climate-related projects which worth $624m. A scheme to improve the climate resilience of wetlands in Peru and a plan to roll out climate-proof infrastructure in Bangladesh are the parts of the approved projects.
The Green Climate Fund has target to generate $1.3bn of investment into climate-related projects around the world in next 5 years.