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Climate Adaptation Investments : Senegal Could Boost GDP By 2% By 2030.

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According to the World Bank's latest climate and development report, Senegal could see a 2% boost in gross domestic product by 2030 through targeted investment in climate adaptation

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 The report estimates that investments in adaptation across four key sectors: forestry, fisheries , agriculture and disaster risk management will require funding of about 0.9% of Gross Domestic Products through 2030 and 0.1% thereafter .These investments are expected to yield a 2% increase in GDP by 2030. The agricultural sector , crucial for food security and employment is pointed out as the biggest beneficiary of adaptation investments, followed by fisheries and forestry. Agriculture and energy sectors both accounts for more than 60% of Senegal's green house gas emissions, according to the report from the world Bank . Recent severe flooding along the Senegal river highlights the country's vulnerability to response to these challenges. In its report, the world Bank estimates Senegal will need approximately 1,30 billion USD annually for climate action through 2030. In June 2023 the International Monetary Fund provided approximately $ 300 million under its Resilience and Sustainability Facility to help Senegal build its resilience against climate change. In addition, earlier 2024  Senegal secured more than $ 180 million from the World Bank to enhance climate resilience.

 

 

Christelle koambi 

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bernardo carlos ndjomo
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