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Climate Change Threatens Zambian Economy, Presidency Cuts Growth Prospect

Oct 07, 2019 03:42 PM
Climate Change Threatens Zambian Economy, Presidency Cuts Growth Prospect Edgar Lungu, Africa Business Radio, Climate Change, Africa Business News, Economic Growth, Voice of America

Zambian President Edgar Lungu says climate change threatens to derail his country’s economy, and disruptions to the rainy season have already dampened its outlook. “Climate change is the biggest problem that we’re encountering now,” Lungu said in a one-on-one interview with VOA last week. “In terms of economic growth and whatever we want to do, we encounter the effects of climate change. So I think we need to take a serious look at it and see what solutions we can find amongst ourselves,” he said. Zambia’s $25 billion economy, its industries, and its population have all been growing, Lungu said, and demands for electricity have exceeded expectations. Meanwhile, the country has experienced more frequent and severe seasonal droughts, along with rising temperatures, according to the United Nations Development Program. Economic output, including the country’s ability to produce hydroelectric power, has suffered. In an address to parliament last month on the state of the nation, Lungu slashed the forecast for economic growth from 4% to 2%, Zambia hopes to minimize the impact of climate change by increasing its reliance on renewable energy.

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