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The effects of climate change are already being seen throughout the world, and a fundamental change in the world’s economy will be needed if the planet is to survive. Developing countries will be among those most affected by climate change; yet they are also the least powerful in mitigating climate change. As the world recovers from the COVID-19 pandemic and simultaneously adjusts to a new climate reality, CGD will explore the role will climate financing can have in assisting developing countries adapt to whatever economic order may emerge. How can development partners and international financial institutions best aid developing countries confronting the challenges of climate change? How can the COVID-19 recovery support the changes needed for long-term resilience and sustainability?
The story of climate change and development can be told in three simple pie charts: Developing countries are hurt most by climate change (chart #1). Historically, developed countries were most responsible for climate change (chart #2). But now, developing countries are most responsible for climate change (chart #3). That shift may be what leads to a successful climate agreement this December in Paris.
In this new book, Bill Cline, a joint senior fellow at CGD and the Peterson Institute for International Economics, provides the first ever estimates of the impact on agriculture by country, with a particular focus on the social and economic implications in China, India, Brazil, and the poor countries of the tropical belt in Africa and Latin America. His study shows that the long-term negative effects on world agriculture will be severe, and that developing countries will suffer first and worst.
“This important book sets a sensible and specific way forward. It should be read by all involved in economic development and international action on climate change.”
—Lord Nicholas Stern, author of the Stern Review