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Commodities and Development Report 2019

Commodity Dependence, Climate Change and the Paris Agreement

image of Commodities and Development Report 2019

This report explores key aspects of the two-way relationship between commodities and climate change, discusses the concept of natural resource conversion and explores its application to renewable and non-renewable resources. In addition, it analyses the challenges and opportunities posed by climate change and the Paris Agreement to commodity-dependent developing countries, and discusses commodity-sector strategies in a changing climate. The report concludes with policy recommendations.

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Overview

In today’s era of accelerated climate change, developing countries, particularly commoditydependent developing countries (CDDCs), least developed countries (LDCs) and small island developing States (SIDS), are under multiple pressures. They are faced with challenges of diversifying their economies and achieving sustainable development. In addition, they are deeply affected by the direct impacts of climate change, as well as the impacts of climate mitigation and adaptation measures by other countries. In this context, the Commodities and Development Report 2019 highlights the particular vulnerabilities of CDDCs, focusing on the main commodity sectors on which they depend. The report provides valuable insights into the climaterelated challenges confronting those sectors, and discusses policies, strategies and actions needed to overcome those challenges, both at national and international levels. These are crucial if countries are to meet the central goal of the Paris Agreement to keep the rise in the earth’s temperature to well below 2°C above pre-industrial levels by the year 2100, and pursue efforts to limit the temperature increase to 1.5°C above pre-industrial levels.

English

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