The world is getting warmer and natural hazards are becoming more intense, likely bringing higher economic losses in the future. Today, four major weather perils result in expected economic losses of USD 200 billion annually. With more severe weather coming, economic losses are set to rise.

There is growing awareness globally about the potential impacts of climate change on financial stability.

Zimbabwe is a lower middle-income country with abundant natural capital and growth potential, but is highly exposed to climate change, with its immediate ability to address climate challenges severely constrained. People in Zimbabwe are increasingly reliant on successive rounds of emergency relief rather than a formal government safety net.

This joint WFP and Action Against Hunger publication presents the impacts of El Niño in LAC, highlighting the emergency response and resilience activities taken to mitigate the effect of climate shocks in the region. The publication underscores the significance of adequate anticipation, preparedness, and response to climate emergencies in LAC.

Internationally coordinated climate mitigation policies can effectively put the world on a path toward achieving the agreed Paris temperature goals. Such coordination could be initiated by large players, such as China, the US, India, the African Union, and the European Union.