00:03 Lebanon is among the countries least prepared in the
00:05 Arab world to face the impact of climate change.
00:08 This is due to a combination of climate
00:10 shocks and the country's low adaptive capacity,
00:12 infrastructure deficits,
00:14 and weak institutions.
00:16 Since 2019,
00:17 the economic and financial crisis has further eroded Lebanon's ability to adapt,
00:22 affecting its human,
00:23 natural,
00:23 and physical capital.
00:25 The cost of inaction is staggering.
00:28 By 2040,
00:29 Lebanon is expected to record a 9% reduction in yearly water
00:32 availability and up to 50% less water during the dry season.
00:37 Climate change damages could slash real GDP by up to 2% annually.
00:43 By 2040,
00:44 climate change could cripple key sectors like agriculture and tourism,
00:48 both crucial for Lebanon's recovery.
00:50 In agriculture,
00:52 crop yield losses may reach up to $250 million US dollars per year,
00:56 severely affecting productivity and livelihoods.
01:00 Economic losses in tourism could reach up to $75 million US dollars per year,
01:04 with associated job losses across various sectors.
01:08 Higher temperatures and lower precipitation means fewer snow days in winter
01:13 and increased risks of forest fires in summer,
01:15 affecting seasonal tourism.
01:18 The Lebanon Country Climate and Development report
01:21 outlines a roadmap for recovery and development,
01:25 focusing on key sectors
01:27 energy,
01:27 water,
01:28 transport,
01:29 and solid waste.
01:30 It aligns climate actions with short-term
01:33 recovery needs and long-term development goals.
01:36 Decarbonising Lebanon's power sector offers a triple dividend.
01:40 It cuts economic costs by 41%,
01:43 lowers emissions by 43%,
01:45 and lowers fuel imports by 9%.
01:48 In the water sector,
01:49 building climate adaptive capacity is essential for
01:52 limiting crop losses and safeguarding food security.
01:56 A recovery least cost scenario allows for an
01:58 improved water sector resilience by enhancing infrastructure,
02:02 water use efficiency,
02:03 and governance.
02:05 Beyond the power and water sectors,
02:07 Lebanon should also urgently invest in
02:09 public transport and improving waste management.
02:13 Lebanon's road assets are highly vulnerable to climate impacts,
02:16 with 54% exposed to landslides.
02:19 A fleet of 4000 minibuses and 2000 buses could enhance mobility
02:24 and accessibility while reducing carbon emissions by 5.4% in 2040.
02:30 Solid waste mismanagement increases sector emissions by 60%,
02:34 making it the fourth largest greenhouse gas emitter at 6%.
02:38 Adopting integrated solid waste management principles is critical
02:42 to improve service delivery while reducing emissions.
02:45 Lebanon's economic crisis has severely compromised public finances,
02:50 impeding the capacity to invest in mitigation measures.
02:53 The banking system crisis further
02:55 constrains private climate-related investments.
02:57 Anticipated climate shocks are projected to impact Lebanon's GDP by 2% annually,
03:03 influencing its fiscal balance.
03:05 And leading to a rise in the debt to ratio
03:08 in the face of Lebanon's economic crisis,
03:10 time is of the essence.
03:12 Building resilience in water,
03:14 agriculture,
03:15 tourism,
03:16 and transport safeguards Lebanon's recovery and protects livelihoods.
03:20 Expanding cleaner energy,
03:22 improving water efficiency,
03:24 supporting sustainable waste management and transport
03:27 are high impact investments critical to drive recovery.
03:31 These investments are estimated at $7.6 billion US dollars by 2030.
03:37 No regret measures can't wait.
03:39 Such measures are possible.
03:42 They pave the way for a sustainable future.
03:45 Urgent investments totaling around $770 million US dollars by 2026,
03:50 focusing primarily on renewable energy and water efficiency,
03:54 can safeguard and expand minimum service
03:56 functions with limited macro fiscal trade-offs
04:00 to prepare for a whole economy and society.
04:02 Green recovery,
04:03 Lebanon must harness its private sector,
04:06 strengthen governance and inclusion,
04:08 and leverage its human capital.
04:10 While the prospect of Lebanon's recovery remains a distant reality,
04:14 greening the transition can chart the course
04:16 towards a transformative and impactful development model.
- add-style
- lp-body-content