The fight against poverty and that against climate change can go hand in hand. Indeed many researchers, according to a recent study by Nature Communications, are pushing for 5% of climate dividends to go to poor people in Africa.
The experts say these dividends can help reduce both carbon emission and poverty worldwide. They believe that if poor Africans received 5% of the amount, the whole world's poor population would better handle the hike in prices.
Nature Communications’ study also revealed that wealthy countries seek to impose emission taxes on companies. But doing so could increase commodity prices and heavily impact poor countries. “You can create this win-win situation where you can reduce emissions and at the same time achieve a reduction in poverty,” said lead author Bjoern Soergel, of the Potsdam Institute for Climate Impact Research (PIK).
For Jem Woods, Sustainable Development Expert at Imperial College, London, “if money is actually transferred to poor and vulnerable households and that's done effectively then that really does support poverty alleviation and development.”
The introduction of carbon emission charges in all countries to control and limit global warming would push 50 million people into extreme poverty by 2030, the study found. To avoid this situation, Switzerland and Canada have already adopted a carbon tax policy with part of the revenue going to households.
Gwladys Johnson Akinocho
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
Four years after Russia’s 2022 invasion of Ukraine, the fertilizer market is facing a new shock as m...
International tennis tournaments in Gaborone attracted over 7,000 visitors and supported more than 200 seasonal jobs Tourism accounts for about...
Ghana will launch a digital platform to publish and centralize all Power Purchase Agreements (PPAs). The reform follows controversies over opaque...
The World Bank allocates $75 million to fund the DR Congo’s second general population and housing census (RGPH2), part of a $100 million...
International Finance Corporation invests $45 million to power 2,235 telecom sites with solar energy across Ethiopia, Liberia, and Sierra...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...