The World Bank warns that Cabo Verde’s GDP could shrink by 3.6% by 2050 if urgent climate adaptation measures are not implemented. The report predicts that poverty could increase by 6.4%, primarily affecting the tourism sector. Changes in the tourism model and investments in renewable energy and smart agriculture are essential for resilience and economic diversification.
The World Bank has issued a warning that Cabo Verde must urgently adapt to climate change or its GDP will suffer significant losses by 2050. Indira Campos, the World Bank’s representative in Cabo Verde, noted that without immediate actions, the country’s GDP could decrease by 3.6 percent over the next 25 years. Moreover, up to 6.4 percent of the population may fall into poverty due to climate impacts, with one in five residents affected.
Cabo Verde, an archipelago, faces critical climate challenges, including prolonged droughts, extreme rainfall, rising sea levels, and coastal erosion, which jeopardize its tourism sector. The World Bank’s Country Climate and Development Report (CCDR) highlights necessary steps the nation must undertake to mitigate these risks and capitalize on potential opportunities for economic growth. It emphasizes the transition from traditional tourism models to more sustainable alternatives.
In conclusion, Cabo Verde is at a critical juncture concerning climate adaptation. Immediate and strategic actions are required to avert economic decline and protect vulnerable populations. Collaboration with international partners and innovative financial mechanisms will be crucial to support the nation’s climate-resilience efforts and ensure a sustainable economic future.
Original Source: clubofmozambique.com
