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“African nations are losing up to 5% of their GDP

[Dragonflyinvest]

 every year as they bear a heavier burden than the rest of the world from climate change, a new report said Monday after one of the continent's hottest years on record.
 
The World Meteorological Organization said many African nations are spending up to 9% of their budgets for climate adaptation policies.
 
“Over the past 60 years, Africa has observed a warming trend that has become more rapid than the global average,” said WMO Secretary-General Celeste Saulo, warning that it is affecting everything from food security to public health to peace.
 
Africa is responsible for less than 10% of global greenhouse gas emissions. But it is the most vulnerable region to extreme weather events including droughts, floods and heatwaves, the WMO said.
 
The new report focuses on 2023, one of Africa's three hottest years on record. It urged African governments to invest in early warning systems as well as meteorological services. If adequate measures are not put in place, up to 118 million Africans will be exposed to droughts, floods and extreme heat by 2030, the report warned.”

African nations losing 5% of their GDP to climate change - Report | Africanews