business

Oct. 31, 2022

OWN CORRESPONDENT

2 min read

World Bank proposes measures to contain climate change

World Bank proposes measures to contain climate change

President of the World Bank Group, David Malpass

Story highlights

    Demand for agricultural commodities is rising rapidly as the world's population grows
    World Bank says agriculture employs more workers than governments

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THE World Bank Group has appealed to African countries to implement sustainable farming and agriculture in order to respond to climate change.

In its latest report, the bank notes how climate change has negatively impacted agriculture, resulting in a poor and hungry African continent.

The report describes agriculture as the world's largest industry as the sector employs more workers than governments, hence, the need to improve it.

“When agricultural operations are sustainably managed, they can preserve and restore critical habitats, help protect watersheds, and improve soil health and water quality. But unsustainable practices have serious impacts on people and the environment,” says the report.
The World Bank states that the need for sustainable resource management is increasingly urgent, adding that demand for agricultural commodities is rising rapidly as the world's population grows.
The report has outlined five key principles for guiding the strategic development of new approaches and the transition to sustainability.

These include improving efficiency in the use of resources for sustainable agriculture, directing action to conserve, protect and enhance natural resources, the need to enhance the resilience of people, communities, and ecosystems, especially to climate change and market volatility, and lastly, good governance, which is essential for the sustainability of both the natural and human systems.
 

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In order to cope with the rapid pace of change and increased uncertainty, the group says sustainability must be seen as a process, rather than a singularly defined endpoint to be achieved.
The 10th SADC multi-stakeholder dialogue held in Lesotho in September concluded that agriculture is one of the most crucial sectors that urgently need to be developed. - LeNA

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