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The impact of climate change in Sub Saharan Africa: vulnerabilities, resilience and finance
[Impact du changement climatique sur l’Afrique subsaharienne : vulnérabilités, résilience et financements]

Author

Listed:
  • Debels-Lamblin Émilie
  • Jacolin Luc

Abstract

Climate change is both an immediate challenge and a long term constraint for Sub Saharan African (SSA) countries, particularly for the island nations and the states in the Sahel. The resilience of SSA countries is also greatly undermined by the critical importance of agriculture, demographic pressures and low levels of development (minimal rollout of green technologies, for example). National climate strategies and eco friendly investments must be reinforced, as policies to mitigate and adapt to climate change are a common goal for both national governments and their international partners. Combating climate change represents a mounting challenge for both fiscal and monetary policy but also for the financing of the economy. At the same time, international climate finance is still insufficient with respect to the commitments made by developed countries. This is particularly true for the least developed countries, which struggle to gain access to funds. Le changement climatique constitue à la fois un enjeu immédiat et une contrainte de long terme pour les pays d’Afrique subsaharienne (ASS), en particulier pour les pays sahéliens ou insulaires. L’ASS est en effet peu résiliente en raison de l’importance significative de son activité agricole, de sa pression démographique et de son faible niveau de développement (moindre déploiement des technologies vertes, par exemple). Les politiques d’atténuation et d’adaptation au changement climatique constituant un objectif partagé par les autorités et leurs partenaires internationaux, les stratégies nationales climatiques et les investissements écoresponsables doivent en conséquence être renforcés. La lutte contre le changement climatique est un enjeu croissant de politique budgétaire et monétaire, mais aussi de financement de l’économie. Or les financements climatiques internationaux sont encore insuffisants au regard des engagements pris par les pays développés, en particulier pour les pays les moins avancés (PMA), pour lesquels l’accès au financement est difficile.

Suggested Citation

  • Debels-Lamblin Émilie & Jacolin Luc, 2020. "The impact of climate change in Sub Saharan Africa: vulnerabilities, resilience and finance [Impact du changement climatique sur l’Afrique subsaharienne : vulnérabilités, résilience et financements," Bulletin de la Banque de France, Banque de France, issue 230.
    • Handle: RePEc:bfr:bullbf:2020:230:04
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    References listed on IDEAS

    as
    1. Signe Krogstrup & William Oman, 2019. "Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature," IMF Working Papers 2019/185, International Monetary Fund.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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