Need to adapt

陈小将

But mitigation action is not enough. With some global warming already locked in, people and economies everywhere are paying the price every day. And, while the world's larger economies contribute the most and must deliver the lion's share of the cuts to global greenhouse gas emissions, smaller economies pay the highest costs and face the biggest bill for adaptation.
In Africa, a single drought can lower a country's medium-term economic growth potential by 1 percentage point, creating a government revenue shortfall equivalent to a tenth of the education budget.
This underscores the importance of broad investments in resilience — from infrastructure and social safety nets to early warning systems and climate-smart agriculture. In fact, for around 50 low-income and developing economies, the IMF estimates annual adaption costs will exceed 1 percent of GDP for the next 10 years.
In many cases, these countries have exhausted fiscal space during nearly three years of crises ranging from the COVID-19 pandemic to rampant inflation. They urgently need international financial and technical support to build resilience and get back on their development paths.