Climate change will impoverish 100 million people by the year 2030 according to a report published by the World Bank. Lead researcher for the report and senior economist at the World Bank Stephane Hallegatte explained that their findings prove that efforts to end poverty and fighting climate change cannot be done when isolated one from another and that achieving the two goals would much more easily be done if these problems are addressed together.
- The World Bank has published a report showing that 100 million people will face poverty by 2030 because of climate change.
- Rising global temperatures will greatly affect the agricultural sector on which many of the poorest nations heavily rely as a source of income, food security and employment.
- Researchers stated that poverty and climate change should be fought together.
The researcher also went on to state that climate change inevitably has a major impact on the poorest people and that the most important challenge economists face now is to protect this segment of the population from falling into extreme poverty because of the side effects global warming will have.
The report that the World Bank released has predicted that by the year 2030 approximately 100 million people will face poverty because of the negative impact of climate change. But researchers believe that as long as action is taken soon this alarming rise in poverty could be prevented.
However they believe that both the economic problems facing the poor as well as the huge threat climate change poses should be approached at once and together in order for a better outcome in strategies meant to tackle the issues. Researchers explained that the world needs to continue a strong effort to reduce existing poverty and to push its development work forward while also taking into account the changing climate and the consequences it could have.
And these consequences are not easily brushed under the rug as they will reverberate in all the major aspects of day to day life. Experts warn that people need to be prepared to handle the effects of climate change and, as such, need early warning systems, food protection and heat-resistant crops. An increase in the current efforts to reduce greenhouse gas emissions must also be assured and low-income individuals must be better protected by these efforts.
Previous reports have already warned that the agricultural sector will suffer greatly because of climate change and this will affect and endanger the food security of millions of people. These changes will particularly threaten the poorest nations as they rely heavily on the agricultural sector and on farming for food security, jobs, household income as well as revenue from exports.
And crop-yield losses caused by climate change will greatly affect these nations by 2030. In cases like that of Sub-Saharan Africa food prices are predicted to rise by 12 percent until 2030. This would greatly affect people living there as up to 60 percent of household incomes are spent on food in these areas.
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