Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Find Out


World Bank Report: Climate Smart Development Fights Extreme Poverty

November 8, 2015

A new World Bank Group report, Shock Waves: Managing the Impacts of Climate Change on Poverty, says 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 report finds that poor people are already at high risk from climate-related shocks, including crop failures from reduced rainfall, spikes in food prices after extreme weather events, and increased incidence of diseases after heat waves and floods. It says such shocks could wipe out hard-won gains, leading to irreversible losses, driving people back into poverty, particularly in Africa and South Asia.