Benin Country Climate and Development Report

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00:06 In recent years,

00:08 Benin,

00:09 home of the Amazons,

00:10 has gone from being a low income country

00:13 to a lower middle income country,

00:15 but keeping up with this growth momentum will require

00:19 strong action to counteract the effects of climate change.

00:22 Binnin's new climate

00:24 and development report

00:26 CCDR

00:27 confirms this.

00:29 Despite its low contribution to greenhouse gas emissions,

00:33 the country is one of the most vulnerable to climate change.

00:36 In the future,

00:37 dry and wet periods are likely to become more extreme

00:40 with more droughts and a higher risk of flooding.

00:43 This will have a significant impact on Benin's most vulnerable population

00:48 and on key economic sectors.

00:51 The dependence of Binin's economy on agriculture and informal employment

00:55 makes the country highly vulnerable to climate change.

00:59 However,

01:00 there is cause for optimism

01:02 if Binin continues to implement

01:04 and accelerates its action to build a resilient economy

01:07 by prioritizing investments

01:09 and policies focused on climate change adaptation.

01:13 This calls for a resilient growth model in which the state

01:17 and the private sector join forces.

01:20 Resilience must target all sectors,

01:23 but it is particularly urgent to

01:25 move faster towards the following adaptation measures

01:28 adapt agricultural techniques.

01:31 Restore and protect forests.

01:34 Invest in water resource management,

01:37 plan sustainable cities

01:39 and coastal management.

01:41 Protect network infrastructure to keep people and markets connected.

01:45 Strengthen the resilience of health services

01:48 and emergency preparedness,

01:50 intensify efforts to make education systems more resilient to climate change.

01:55 Ensure women's participation in decision making.

01:59 How much will climate action cost?

02:02 The report estimates that strict additional financing requirements

02:05 would cost $2.7 billion US dollars by 2032.

02:10 How to finance climate action?

02:12 The report suggests at least three possibilities

02:16 for financing climate action

02:18 increase revenues

02:20 and make public spending more efficient.

02:22 Exploit concessional blended

02:25 and innovative financing

02:26 and disaster risk financing,

02:29 where Bennin already has a strong track record

02:32 with the issuance of Africa's first SDG bond.

02:36 And

02:37 above all,

02:38 the private sector will have to step up

02:41 and finance a large part of climate action.

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In recent years, Benin, home of the Amazons, has gone from being a low income country to a lower middle income country, but keeping up with this growth momentum will require strong action to counteract the effects of climate change. Binnin's new climate and development report CCDR confirms this. Despite its low contribution to greenhouse gas emissions, the country is one of the most vulnerable to climate change. In the future, dry and wet periods are likely to become more extreme with more droughts and a higher risk of flooding. This will have a significant impact on Benin's most vulnerable population and on key economic sectors. The dependence of Binin's economy on agriculture and informal employment makes the country highly vulnerable to climate change. However, there is cause for optimism if Binin continues to implement and accelerates its action to build a resilient economy by prioritizing investments and policies focused on climate change adaptation. This calls for a resilient growth model in which the state and the private sector join forces. Resilience must target all sectors, but it is particularly urgent to move faster towards the following adaptation measures adapt agricultural techniques. Restore and protect forests. Invest in water resource management, plan sustainable cities and coastal management. Protect network infrastructure to keep people and markets connected. Strengthen the resilience of health services and emergency preparedness, intensify efforts to make education systems more resilient to climate change. Ensure women's participation in decision making. How much will climate action cost? The report estimates that strict additional financing requirements would cost $2.7 billion US dollars by 2032. How to finance climate action? The report suggests at least three possibilities for financing climate action increase revenues and make public spending more efficient. Exploit concessional blended and innovative financing and disaster risk financing, where Bennin already has a strong track record with the issuance of Africa's first SDG bond. And above all, the private sector will have to step up and finance a large part of climate action.

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CCDR benin english

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CCDR benin english

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