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Climate Change Worries The World Bank
30/Aug/2006: Climate change may be one of the biggest threats to attempts to cutting poverty in the world's most deprived nations and has forced the World Bank to reassess its development projects.
Studies have shown that climate change and global warming linked to greenhouse gas emissions will reduce economic growth, development and investment in some of the world's most vulnerable nations.
Global warming is forecast to have a devastating effect on some developing countries as rising sea levels wreak havoc on small island states and more frequent and more severe droughts destroy crops on marginal agricultural land.
Poorer nations, particularly in sub-Saharan Africa, where agriculture accounts for about 70 percent of employment, would be the hardest hit. The World Bank issues a press release on tuesday and said costs associated with global warming would eat into development aid and projects, forcing donors to reassess spending and infrastructure needed to help cut poverty.
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