Anzetse Were
Sustainable Investment · Sustainable Finance
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Anzetse Were
The impacts of climate change on fiscal and monetary policy in Africa
Having contributed almost nothing to climate change, African governments are already bearing the direct and indirect costs of this crisis as it continues to compromise economic growth, erode GDP per capita growth, have targeted sectoral effects, and compromise the livelihoods of hundreds of millions of Africans. The article will focus on the fiscal effects of climate change but also highlight some monetary policy effects.
Anzetse Were
How to develop a green project pipeline in Africa
Sustainable Investment
The impacts of climate change continue to compromise the livelihoods of hundreds of millions of Africans. This is especially true of those that are dependent on sectors directly impacted by rapidly changing environments, such as agriculture. The impact could lower gross domestic product (GDP) by up to 3 per cent by 2050. And while there is a growing recognition of the need to mitigate and adapt to climate change, Africa is not securing the scale of financing required.
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