Economy
Climate change could force 216m people to migrate within own countries by 2050—WB
The World Bank’s updated Groundswell report just released has found that climate change, an increasingly potent driver of migration, could force 216 million people across six world regions to move within their countries by 2050. Hotspots of internal climate migration could emerge as early as 2030 and continue to spread and intensify by 2050. The report also finds that immediate and concerted action to reduce global emissions, and support green, inclusive, and resilient development, could reduce the scale of climate migration by as much as 80 per cent.
Climate change is a powerful driver of internal migration because of its impacts on people’s livelihoods and loss of livability in highly exposed locations. By 2050, Sub-Saharan Africa could see as many as 86 million internal climate migrants; East Asia and the Pacific, 49 million; South Asia, 40 million; North Africa, 19 million; Latin America, 17 million; and Eastern Europe and Central Asia, 5 million.
“The Groundswell report is a stark reminder of the human toll of climate change, particularly on the world’s poorest—those who are contributing the least to its causes. It also clearly lays out a path for countries to address some of the key factors that are causing climate-driven migration,” said Juergen Voegele, Vice President of Sustainable Development, World Bank. “All these issues are fundamentally connected which is why our support to countries is positioned to deliver on climate and development objectives together while building a more sustainable, safe and resilient future.”
-
Oil and Gas12 hours agoPetrol pump price to fall below N740 per litre before Christmas as Dangote alleges sleaze at NMDPRA, demands investigation, prosecution of Farouk Ahmed
-
Economy7 hours agoNigeria’s headline inflation rate decline to 14.45% y/y–NBS
-
News7 hours agoSpread between official, unofficial foreign exchange markets dropped by N30.59US$/1—Coronation
-
Oil and Gas1 day agoNigeria issues permits for gas-flaring project, targets $2bn investment and 3 GW power potential
-
Finance7 hours agoBitcoin value drops to $88k over Bank of Japan central bank rate cut anticipation
-
News1 day agoAfreximbank breaks ground on its trade centre, new headquarters in Egypt’s new capital
-
News1 day agoExplore alternative management, concession models for TCN to improve efficiency, investment–CPPE to FG
-
Stock Market1 day agoInvestors rake in N1.54 last week, gained N946bn on Friday
