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World Bank: Climate shocks may push 13.5mn people in Sahel into poverty by 2050 - CNBC Africa


World Bank: Climate shocks may push 13.5mn people in Sahel into poverty by 2050 - CNBC Africa

The World Bank has sounded a dire warning in its newly released Country Climate and Development Report for the G5 Sahel region, predicting that up to 13.5 million people in the Sahel region could be plunged into poverty by 2050 due to climate change-related shocks. Ellysar Baroudy, the lead Natural Resource Management Specialist at the World Bank, highlighted the urgency of the situation and the need for immediate action during an interview on CNBC Africa. The report emphasizes the critical need for African governments, particularly those in the Sahel region, to prioritize their climate response, accelerate growth, and focus on strategies for climate adaptation amidst challenges around limited financing. Baroudy stressed the importance of rethinking institutions and incorporating climate change considerations into national budgets and planning processes to effectively address the impacts of climate change. In addition, she advocated for increased financing, with a focus on renewable energy and sustainable growth, to enable countries to better cope with the consequences of climate change and adapt for the future. The report also outlined key areas for investment, such as agriculture, environment, water management, renewable energy, and urban planning, to mitigate the effects of climate change and foster long-term sustainability. Baroudy underscored the interconnectedness of environmental, agricultural, and water resources in addressing the challenges facing these countries, emphasizing the need for a holistic approach to land productivity and sustainability. The World Bank's updated poverty line of $2.15 further amplifies the urgency of the situation, as countries grapple with low food production levels and disruptions in the value chain. Baroudy cautioned against continuing with 'business as usual' practices, noting that without significant changes in approach, countries risk facing severe economic and humanitarian consequences. She urged policymakers to prioritize greener, more inclusive growth strategies to build resilience against climate shocks and steer development in a sustainable direction. With the forecast for 2050 looming, the time for action is now to avert a looming crisis in the Sahel region.

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