Climate crisis will have huge impact on Africa’s economies, study says
As Cop27 discusses climate finance, report says continent's GDP growth could fall by two-thirds this century
African countries, which are the least responsible for the global climate crisis, face seeing their GDP growth rate fall by up to 64% by the end of the century, according to research - even if the world succeeds in limiting global heating to 1.5C.
As world leaders hustle over climate action at the UN summit in Egypt, a study commissioned by Christian Aid has found that burning fossil fuels at the current rate will have a huge impact on the finances of African countries. The average hit to GDP per capita could be as much as 34%, finds the report, while the effect on GDP growth will lead to an average 20% reduction in rates by 2050 and a huge 64% on average by 2100.
Continue reading...