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Translation from English

Sunday, November 8, 2015

Le Figaro- Economics of Climate Change

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          Climate: 100 million more poor by 2030 if nothing is done

          • HOME ECONOMY SITUATION
            • By Anne Cheyvialle
            • Update on 08/11/2015 at 23:50
            • Published on 08/11/2015 at 21:18
          The damage from Hurricane Patricia in Mexico, in the city of Chamela on 24 October.
          At 21 days of COP 21, the World Bank in a report warning about the risks of climate change for the most vulnerable populations.
          PUBLICITY
          The fight against poverty and global warming are part of the same fight. Designed together, these two issues can be more effective. Three weeks before the opening in Paris of the COP 21, the World Bank in a new report warning about the consequences of climate change on the most vulnerable. If nothing is done, 100 million people could fall below the threshold of poverty in 2030.
          "The events related to climate, weather, already barriers to poverty reduction and it will get worse," insists one of the authors, Stéphane Hallegatte. People suffer crop losses, soaring commodity prices and the increase in diseases including malaria and diarrhea which are caused by climate shocks (floods, storms, droughts ...).

          Most exposed to natural disasters

          The report shows - supporting statistics based on questionnaires conducted in 92 countries in Africa, America and Asia - that these shocks more impact the poorest populations. In Indonesia, they have 30% more likely to be affected by flooding as people richer. Because they live in very precarious conditions, less resilient habitats, the most exposed areas. In North Africa, half of the poorest 40% is impacted by climatic problems, against 20% in the higher segments of the population. "Even people who live below the poverty line ($ 1.90 a day) can fall into poverty when a flood destroyed a micro business or drought decimated a flock," the report shows.
          Another finding in case of natural disaster, they wipe more losses than the middle and upper classes. Thus, in Mumbai, India, following the terrible 2005 floods, poor people have lost twice as much as the rich in proportion to their assets. "Their possessions are usually in vulnerable form, it is home or livestock," says Stéphane Hallegatte. They also receive less support from their families and communities, who often do not have the means to help them. And they have little access to the financial sector, including loans.
          More serious natural disasters have longer-term consequences on the standard of living, health and education. "For example, 30% of Mexican children removed temporarily from the school after floods, are never returned, says Stéphane Hallegatte. To avoid an irreversible impact, the aid must be targeted, he added, citing the case of Pakistan, after the 2010 floods There was a first unimportant aid was paid very quickly and with a second phase higher amounts to fund targeted reconstruction program. And they should not wait too long. The World Bank cites the case of drought in Malawi and Ethiopia, where the cost per household explodes $ 50 a few weeks after up to 1300 dollars six months later.

          The urgency to act before 2030

          The World Bank insists on another difficulty related to lack of social protection. Health insurance systems are still underdeveloped in these poor countries in Africa, Latin America and Asia and a very limited access to quality healthcare.
          That is why, insists Stéphane Hallegatte that must deal with both climate and poverty issues together without opposing them: "We must ensure inclusive economic growth".By acting on three main areas: agriculture, health and adequate policy to face natural disasters. "By 2030, the impact on the climate is still limited, it is a good window to eradicate poverty," says the economist.
          An example of solution, revenue from environmental taxes can be used to develop social protection. According to the report, even a small carbon tax to 10 dollars per ton would fund 50% average social spending in 90 countries. A positive trend is the elimination of fossil fuel subsidies. Several countries use the savings for social purposes. This is the case of Indonesia who opted for a cash transfer for the 30% poorest and Ghana which made compulsory elementary school.
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          37 comments
          • Avatar
            Vincent Netter
            Soaring commodity prices? Apart from cocoa, they are almost all very low, including those from agriculture!
            But we know that global warming is responsible for: hair loss, defeat of French rugby, cancer (as any for that matter), road delinquency and setbacks socialists.
            Every day we learn more about the climate!
            The 09/11/2015 @ 03:34
            Alert Reply
          • Avatar
            boiteoutil
            The happy globalization.
            On 09/11/2015 at 02:35 am
            Alert Reply
          • Avatar
            Frank Straube
            Nevermind, France may well all welcome, and it has already begun.
            On 09/11/2015 at 2:31
            Alert Reply
          • Avatar
            adrian75f
            There is no doubt that climate change does not simplify the equation, but it remains a second-order factor next to overcrowding ....
            On 09/11/2015 at 2:18
            Alert Reply
          • Avatar
            Marag92
            It is heartening to see that most readers no longer believe at all in this kind of items.
            On 09/11/2015 at 2:10
            Alert Reply
          • Avatar
            vengeurmaské
            I would be really curious about the biology course content (sorry ... SVT), economics and geography currently in colleges and high schools ...
            On 09/11/2015 at 01:55
            Alert Reply
          • Avatar
            Ramsa
            Frankly, even if true, frankly, who cares!
            On 09/11/2015 at 1:49
            Alert Reply
          • Avatar
            Vivienne93
            Anything What is not 6 billion, no evidence of these calculations, this propaganda in French ...
            On 09/11/2015 at 1:47
            Alert Reply
          • Avatar
            Verificator
            Traders stock exchanges have finally found a good alibi for continuing the growth of poverty and inequality on the planet! Global warming will he also be the cause of 14% increase per year in the number of billionaires in the world?
            On 09/11/2015 at 01:45
            Alert Reply
          • Avatar
            Toto Mongolito
            And another alarmist report based on nothing but the wind and propaganda!
            On 09/11/2015 at 1:10
            Alert Reply
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          Posted by Lawrence Kreger at 11:34 PM

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