Climate Change in the WAEMU: Trends, Macro-criticality and Options Going Forward

Selected Issues Papers, May 17, 2024

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Climate Change in the WAEMU: Trends, Macro-criticality and Options Going Forward

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Bibliographic details

• Authors: Can Sever
• Published: May 17, 2024
• Series: Selected Issues Papers
• DOI: https://doi.org/10.5089/9798400275456.018

Overview and Purpose

• Focuses on trends in climate change in the WAEMU, assesses the criticality of climate change for the region, and reviews related policy and financing options going forward.
• Emphasizes that climate change has been increasingly affecting lives and livelihoods in the WAEMU through rising temperatures and more frequent climate-related disasters in recent decades.
• Highlights that climate change can exacerbate current challenges and hinder long-term economic prospects by threatening economic growth, food security, fiscal and external sustainability, and social outcomes in the region.
• Stresses the continued importance of macroeconomic policies, structural reforms, and cooperation among different parties, alongside regional efforts, to secure necessary financing and bolster adaptation efforts.

Major Findings and Trends

• Temperatures have risen significantly in the WAEMU.
• Climate-related disasters have hit the region more frequently in recent decades.
• Climate change threatens:
  • economic growth
  • food security
  • fiscal sustainability
  • external sustainability
  • social outcomes

Policy and Financing Options Reviewed

• Macroeconomic policies remain critical to managing climate-related risks.
• Structural reforms are necessary to enhance resilience and adaptation.
• Cooperation among different parties (domestic, regional, and international) is important to access necessary financing and implement adaptation measures.
• Regional efforts should be complemented by broader policy and financing strategies.

Publication and Metadata

• Author: Can Sever
• Publication date: May 17, 2024
• Series: Selected Issues Paper No. 2024/015
• Volume: 2024
• Issue: 015
• Pages: 15
• DOI: https://doi.org/10.5089/9798400275456.018
• Stock No: SIPEA2024015
• ISBN: 9798400275456
• ISSN: 2958-7875
• Subjects: Agricultural commodities, Climate change, Climate finance, Commodities, Environment, Food security, International organization, Monetary policy, Poverty
• Keywords: A. climate trend, Agricultural commodities, C. climate adaption, climate adaptation, climate change, climate change in the WAEMU, climate finance, climate-related disasters, financing option, Food security, Global, Sub-Saharan Africa, WAEMU, WAEMU population

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