Green industrial policies will be critical for developing countries to adapt to climate change, UN trade and development body UNCTAD said in a report published on Thursday.
The agency has called for a “transformative approach” that will allow these nations to address current and future climate threats while also driving growth and job creation.
UNCTAD said many developing countries are caught in an “eco-development trap” as vulnerability to economic and climate shocks are compounding each other, resulting in permanent disruption, economic uncertainty and slow productivity growth.
“The report demonstrates that sufficient action to adapt to the climate challenge will require a transformed approach that is proactive and strategic rather than simply retroactive,” said Rebeca Grynspan, the UNCTAD Secretary-General.
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https://news.un.org/en/story/2021/10/1104252?utm_source=UN+News+-+Newsletter&utm_campaign=4252d584d0-EMAIL_CAMPAIGN_2021_10_29_12_35&utm_medium=email&utm_term=0_fdbf1af606-4252d584d0-107475426