The US president’s decision to withdraw from the Paris climate accord may have devastating consequences for African countries.
Africa will be the region hardest hit by US President Donald Trump’s decision to withdraw the world’s biggest economy from the Paris Agreement, which aims to reduce the greenhouse gasses responsible for rising temperatures and drive adaptation and finance to deal with weather changes.
Temperatures on the continent are expected to rise 1.5 times faster than the global average, triggering extreme weather and changes in rainfall patterns that are already starting to wreak havoc on agriculture, which provides livelihoods for about twothirds of Africa’s people.
An estimated 20m people in South Sudan, Somalia and Nigeria are already believed to be at risk of starvation and scientists say that food production in sub-Saharan Africa needs to increase by 60% over the next 15 years to feed the rapidly growing population.
Scientists say that the most worrying impact of climate change on the region is changes in rainfall – a huge threat as more than 90% of farmed land is estimated to be rain-fed. Southern Africa faced its worst drought in decades last year, leading to food shortages that affected 14m people, according to United Nations humanitarian agencies.
Things could get a lot worse – the Intergovernmental Panel on Climate Change, the recognised global authority on climate science, predicts that rising temperatures and unpredictable rains will make it harder for many farmers to grow crops like wheat, rice and maize.
This story is from the 22 June 2017 edition of Finweek English.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the 22 June 2017 edition of Finweek English.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
THE HEALTH OF SA'S MEDICAL SCHEMES
As the Covid-19 pandemic abates, finweek takes a look at the financial performance of some of the largest players.
The effect of Gilbertson's departure
With Ntsimbintle Holdings now the major shareholder of Jupiter Mines, it could change SA’s manganese industry.
Making money from music
Why investors are increasingly drawn to the music industry.
Conviction is key
Sandy Rheeder plays a critical role in Mukuru’s mission to open up financial services to the emerging consumer market in Africa through tailor-made technology solutions and platforms.
The post-pandemic toolkit
How CFOs can use technology to support growth.
Big city living exodus
Mini cities like Waterfall City and Steyn City are redefining city-style apartment living.
Big compact, big value
Handsome, with a hefty level of standard specification, the roomy Haval Jolion compact crossover is a great value proposition.
On barriers to entry
There are various ways in which a company or sector can achieve competitive dominance. They usually make for good investments.
Fear and greed in one index
To buck the trend, when markets are hot or cold, is a tough thing to do. However, it can deliver solid returns.
Africa's largest data centre facility coming soon
Vantage Data Centers plans to invest over R15bn for its first African data centre facility in Attacq’s Waterfall City.