00:10 At the heart of the Congo basin region,
00:13 the Republic of Congo is abundant in natural resources.
00:17 It has one of the three largest forests and
00:20 is the only stable carbon sink in the world.
00:26 The country
00:27 is at a crossroads.
00:29 Climate change is one of the greatest threats
00:32 to ending poverty in the Republic of Congo.
00:35 It poses significant risks to the country's natural,
00:39 physical,
00:40 and human capital.
00:43 Without reforms to diversify the economy and more climate actions,
00:48 economic losses could reach up to 17% of GDP by 2050.
00:57 Climate impacts could also increase total health costs from $92 million in 2010
01:03 to $260 million by 2050.
01:09 At the same time,
01:10 the Republic of Congo is the least responsible for its climate struggles.
01:15 It accounts for much less than 1% of global emissions.
01:23 How can the Republic of Congo end extreme poverty
01:26 and boost the shared prosperity on a livable planet?
01:31 The country climate and development report
01:34 shows that to unlock sustainable growth,
01:37 the country needs to diversify its
01:39 economy while adopting specific climate solutions.
01:45 With ambitious reforms,
01:47 poverty could fall by 40% in rural areas
01:51 and 20% in urban areas.
01:54 The report identifies 4 priorities to promote sustainable green growth.
02:01 One
02:02 Stronger and greener infrastructure and services in electricity,
02:07 transport,
02:08 water,
02:09 and sanitation
02:10 can deliver transformative results.
02:13 This means that around 9.2 billion will be needed to
02:17 build the resilience and mitigate climate change in Congolese cities.
02:23 2
02:25 More climate ready education,
02:27 health system,
02:28 and social services
02:30 can save lives and bring critical resources to the poorest.
02:34 This is about strengthening the resilience of people,
02:38 including having enhanced disease surveillance systems.
02:43 3
02:45 More investments in natural capital along with appropriate regulations.
02:51 This means adopting climate smart agriculture
02:54 practices and improving forest management.
03:00 And 4,
03:01 better climate governance to leverage carbon markets.
03:06 The Republic of Congo's forests contribute to 260 million in timber exports
03:11 and store over 44 billion tons in carbon dioxide equivalent emissions.
03:18 Protecting and valorizing the forests
03:21 is critical to turn the country's natural capital
03:24 into wealth.
03:26 This is what addressing climate and development together looks like.
03:32 It's about taking a whole of society approach,
03:34 and the private sector has a critical role
03:37 to play in mobilizing financing to reach these
03:40 goals so that the people of the Republic of Congo can build a better future.
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