Climate Change in the WAEMU: Trends, Macro-criticality and Options Going Forward

This paper focuses on the trends in climate change in the WAEMU, assesses the criticality of climate change for the region, and reviews the related policy and financing options going forward. Climate change has been increasingly affecting the lives and livelihoods in the WAEMU.
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Volume/Issue: Volume 2024 Issue 015
Publication date: May 2024
ISBN: 9798400275456
$15.00
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Topics covered in this book

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Money and Monetary Policy , International - Economics , Environmental Economics , WAEMU , climate change , climate-related disasters , climate adaptation , climate finance , financing option , climate change in the WAEMU , A , climate trend , C , climate adaption , WAEMU population , Agricultural commodities , Food security , Sub-Saharan Africa , Global

Summary

This paper focuses on the trends in climate change in the WAEMU, assesses the criticality of climate change for the region, and reviews the related policy and financing options going forward. Climate change has been increasingly affecting the lives and livelihoods in the WAEMU. Temperatures have risen significantly, and climate-related disasters have hit the region more frequently in recent decades. Climate change can exacerbate the current challenges and hinder long-term economic prospects by threatening economic growth, food security, fiscal and external sustainability, and social outcomes in the region. Macroeconomic policies, structural reforms and cooperation among different parties remain critical alongside regional efforts, in particular to have access to necessary financing and bolster adaptation efforts.