Site icon businessstandardsng.com

Africa Will Lose 64% Of GDP To Climate Change By 2100

Africa Will Lose 64% Of GDP To Climate Change By 2100

 

Effect of climatic change

If African countries don’t change their current climate policies to align with the Paris Agreement, and continue suffering climate funding shortfalls from the west, they could lose 64% of their GDP due to climate change devastation according to a report (pdf) released by UK relief agency Christian Aid on Nov. 9.

Warning that the continent needs a robust loss and damage mechanism the report indicates that even if African countries “keep global temperature rise to 1.5C as set out in the Paris Agreement, they’ll face an average GDP reduction of 14% by 2050 and 34% by 2100.” The World Bank estimated Africa’s GDP at $1.92 trillion in 2021.

The study surveyed 50 African countries. In the worst hit country, Sudan, even in a 1.5 degrees scenario, Sudan can expect a GDP reduction of 22.4% by 2050 and 51.6% by 2100. The least affected country is South Africa.

Despite being the least responsible for climate change, Africa remains disproportionately vulnerable to the growing adverse impacts caused by global heating, with the eight of the ten most vulnerable countries being African. They are also the least prepared to tackle the crisis.

The report shows that the US and Canada generate 14.2 tons of carbon dioxide per person, Australia 15.4, and Saudi Arabia 18 yet the top 20 worst affected countries in the world generate average emissions of just 0.43 tons.

“These findings are stark and deserve to act as a wake up call to leaders of all countries about the economic devastation African countries face unless we put the brakes on our rising emissions,” Oliver Pearce, chief of policy, public affairs and campaigns at Christian Aid says in the report.

Climate change is killing and displacing Africans

Floods in Nigeria left over 600 people dead and displaced 1.3 million from their homes in October, while Cyclone Ana in Malawi displaced 190,429 people in January. At least 453 people died as a result of flooding in South Africa in April, while hundreds perished due to devastating tropical storms in Madagascar and Mozambique in the same month. On Aug. 3, at least 24 Ugandans lost their lives as flash floods hit the town of Mbale. This year alone, climate-change has caused one of the worst droughts in the Horn of Africa region.

If nothing is done, Africa’s economic growth will be stunted by climate shocks, creating a poverty trap for millions of citizens who will be on the widest section of the “highway to climate hell,” a phrase popularized by UN secretary-general Antonio Guterres.

Dragged down by failed promises of climate financing from the west, African countries have been asking for at least $1.3 trillion to cover the damage they have experienced, with the message being even more amplified during the ongoing COP27 climate negotiations in Sharm El-Sheikh, Egypt. Africa now wants direct financing and not awards in carbon credits like before.

Source: Quart

 

Exit mobile version