Climate change poses an “existential threat to commodity-dependent developing countries”, the United Nation’s trade chief said on Wednesday, pointing to a newly released report highlighting the need to diversify economies and exports.
“The climate crisis…will result in the collapse of some economies if decisive action is not taken now,” UNCTAD Secretary-General Mukhisa Kituyi stressed. “Now more than ever before, these countries need to assess their diversification potential and reduce their commodity dependence, which for decades has kept them exposed to volatile markets and climate change”.
But the report maintains that tackling climate change presents some opportunities to these countries, such as boosting production of alternatives to cattle meat and milk.
Bringing Paris Agreement home
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