UNCTAD advocates economic diversification to tackle climate change | The Guardian Nigeria News - Nigeria and World News

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“The climate crisis poses an existential threat to commodity-dependent developing countries and will result in the collapse of some economies if decisive action is not taken now.” ClimateChange EconomicDiversification UNCTAD

Economic and export diversification is the best response to the challenges posed by climate change in developing countries that depend on commodities, according to United Nations Conference on Trade and Development Commodities and Development Report 2019.

“The climate crisis poses an existential threat to commodity-dependent developing countries and will result in the collapse of some economies if decisive action is not taken now,” UNCTAD Secretary-General Mukhisa Kituyi said. Rising sea surface temperatures pose significant risks to the SIDS that derive a large share of their merchandise export earnings from fisheries, such as Kiribati , Maldives and the Federated States of Micronesia .

 

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