Islamabad 21 July: The number of poor could rise by up to 148.8 million, with South Asia predicted to see 49 million living in extreme poverty by 2030 alone says “The Future of Poverty” a World Bank Report.
A new World Bank report warns that climate change could severely undermine global poverty reduction efforts, potentially pushing an additional 49 million people into extreme poverty by 2050.
Titled “The Future of Poverty”, the report highlights the disproportionate impact of climate change on vulnerable regions, including Sub-Saharan Africa, South Asia, and Latin America. These areas face compounded risks due to existing structural inequalities and limited social safety nets.
The Report claims that the number of poor could rise by up to 148.8 million, with those in South Asia projected to be at 49 m by 2030.
The study calls for urgent international cooperation, especially from high-income nations, to support climate adaptation in low- and middle-income countries through financing, technology, and capacity-building.
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It also stresses the importance of strengthening social protections, investing in climate-resilient infrastructure, and reducing inequality.
Without decisive action, global economic output could shrink by up to 23% by 2100, with developing countries facing the steepest losses due to their exposure to extreme weather and reliance on agriculture.
