Climate change may push 41m more into extreme poverty by 2050

Climate change could significantly slow progress in poverty reduction and climate-induced income losses could push an additional 41 million people into extreme poverty by 2050, according to a new World Bank report.

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The projections show the number of poor could rise by up to 148.8 million, with those in South Asia projected to be at 48.8m by 2030.

As per the findings — part of the report titled 'The Future of Poverty': Projecting the Impact of Climate Change on Global Poverty through 2050 — the number of people living in extreme poverty worldwide could be nearly doubled due to climate change.

The rise in poverty due to climate change is likely to be profound in Sub-Saharan Africa, South Asia, and Latin America and the Caribbean, where the effects of extreme weather events are likely to interact with existing structural vulnerabilities and weaker social protection systems.

WB report emphasises need for social safety nets, subsidies for less privileged