The Impact of Climate Change
Developing countries are gradually implementing a broad range of strategies to adapt to climate change. The vulnerability of least developed countries and small island developing states to climate change is particularly high. Due to the rapid projected growth of Africa’s population over the next three decades, one of the most important threats from climate change relates to the impact on Africa’s agricultural production and food security. The combination of rising sea levels and more extreme weather disasters could be particularly devastating for Asian countries with large urban populations in low-lying floodplains. Therefore for developing countries, one of the most important priorities over the next decade will be to invest in infrastructure that helps to mitigate the impact of climate change. Raising green finance will be a key priority for developing countries, with green bond financing playing an increasingly important role in funding projects for renewable energy or sustainable land use.