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Africa|Power
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africa|power

CLIMATE COSTS

CLIMATE COSTS: African countries are already spending billions of dollars yearly to deal with the impact of climate change, a report by Power Shift Africa shows. Spending is projected to be particularly high in countries such as Ethiopia, which the authors calculate will need to spend 5.6% of its gross domestic product (GDP), or $6-billion a year to 2030, to counter the impact of floods, climate-driven diseases, hailstorms and wildfires. South Africa, which is experiencing more frequent and extreme storms, fires and droughts, is forecast to spend more than $2-billion a year over the same period, which equates to 0.7% of its GDP. Photograph: Bloomberg

Photo by Bloomberg

11th March 2022

     

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African countries are already spending billions of dollars yearly to deal with the impact of climate change, a report by Power Shift Africa shows. Spending is projected to be particularly high in countries such as Ethiopia, which the authors calculate will need to spend 5.6% of its gross domestic product (GDP), or $6-billion a year to 2030, to counter the impact of floods, climate-driven diseases, hailstorms and wildfires. South Africa, which is experiencing more frequent and extreme storms, fires and droughts, is forecast to spend more than $2-billion a year over the same period, which equates to 0.7% of its GDP. Photograph: Bloomberg

Edited by Creamer Media Reporter

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