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UNDP: Act now on El Niño or costs will double

Source: IT之家 Published: Business & Funding 中文
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On November 13, during the UN climate conference, UNDP Administrator 亚历山大 · De Croo told AFP that taking immediate action against the severe impacts of El Niño would cost only half as much as delaying action, and that funding the response is one of the most heated debates at the conference. He said acting now requires $36 billion, while doing nothing would cost $73 billion—roughly double—and warned that inaction is the costliest climate policy, urging delegations and major institutions such as the IMF to increase support for developing countries most vulnerable to El Niño. The UNDP report cited African Development Bank estimates that African countries could lose $10–20 billion, while ECLAC estimated that El Niño could cause cumulative GDP losses of at least 2% in Latin America and the Caribbean over three years and push another 4.8 million people into poverty.

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Article title: UNDP: Act Now on El Niño or Costs Will Double

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UNDP: Act Now on El Niño or Costs Will Double

IT之家 November 13 news, on the 13th local time, during the UN climate conference, UNDP Administrator 亚历山大 · 德克罗 said in an interview with AFP that taking immediate action to address the severe impacts of El Niño costs only half as much as delaying action.

How to raise funds to address the challenges posed by El Niño is one of the most fiercely debated topics at this conference.

德克罗 said: "If we act now, addressing El Niño will require 36 billion US dollars (IT之家 note: at current exchange rates, approximately 240.663 billion yuan). If we do nothing, the cost will reach 73 billion US dollars (at current exchange rates, approximately 488.01 billion yuan), almost double. So the question is, do we prepare in advance and help people, or wait until the consequences appear and bear them then?"

El Niño occurs every 2 to 7 years, usually beginning in spring and causing sea temperatures in parts of the Pacific Ocean to rise, and in the following months significantly changing wind patterns, air pressure, and rainfall around the world. 德克罗 warned: "Not taking action is the most expensive climate policy."

He called on national delegations and major institutions such as the International Monetary Fund to increase financial support to help developing countries most vulnerable to El Niño mitigate the impact of disasters. Such investment can save lives, protect crops and infrastructure, and save money in the long run.

A report released this week by the UNDP cited estimates from the African Development Bank, revealing the potential economic impact of this round of El Niño. Data shows that African countries may suffer losses of 10 billion to 20 billion US dollars (at current exchange rates, approximately 66.851 billion to 133.701 billion yuan).

The United Nations Economic Commission for Latin America and the Caribbean estimates that El Niño may cause cumulative GDP losses in the region of at least 2% over three years. Moreover, the economic losses will push another 4.8 million people into poverty.

德克罗 stressed that it is still not too late to act now: "We still have time. We must significantly increase investment in climate adaptation. No matter how much money is needed, the cost of doing nothing is much higher, far higher."

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