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Climate change could push100 million people into poverty: World Bank

US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)
Smoke columns come out of chimneys of a petrochemical company in the southern Spanish city of Algeciras. (AFP)

Climate change could push over tens of millions of more people into poverty by fueling the spread of diseases and disrupting agriculture, according to the World Bank.

In a new report published on Sunday, the international financial institution said that "without rapid, inclusive and climate-smart development, together with emissions-reductions efforts that protect the poor, there could be more than 100 million additional people in poverty by 2030."

"The poor are more vulnerable to climate-related shocks than wealthier people because they are more exposed, lose more in relative terms, and lack the financial systems and social safety nets that would allow them to better prepare and cope," it added.

The report predicts that 150 million more people could be at risk from different types of deadly diseases, including malaria and bacterial infections adding that global crop losses could reach five percent by 2030 and 30 percent by 2080.

Climate change could lead to even more refugees as the world’s poorest would want to seek asylum from crisis in their countries.

Governments need to develop policies to respond to the situation, in addition to making more efforts to reduce the carbon emissions that cause warming, the report noted.

"While emissions reduction policies cannot do much regarding the climate change that will happen between now and 2030... development choices can affect what the impact of that climate change will be,” the World Bank said.

According to the report, the world needs to find $1 trillion more each year to build the infrastructure to meet international goals of solving the climate change issue.  

The daunting report was released after the United Nations announced on Friday that plans by around 150 countries to cut greenhouse gas emissions, the main contributor to climate change, were not enough to limit a rise in global temperatures to two degrees Celsius.

A major international conference on global warming is set to kick off in Paris later this year.

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