Climate change presents significant challenges to Senegal's development, according to a recent report. Despite being one of the fastest-growing economies in Sub-Saharan Africa over the past decade, Senegal has struggled with inclusive growth due to slow poverty reduction and persistent inequalities.
The country's vulnerabilities are exacerbated by rising uncertainty, overlapping crises, and exposure to climate risks. External shocks and global uncertainties pose threats to sustainable social and economic development. The report highlights that Senegal's reliance on natural resources for economic activities makes it particularly susceptible to climate change impacts.
The Country Climate and Development Report (CCDR) recommends measures to accelerate climate action across various sectors. The financing requirements for these actions are relatively small compared to the overall economy but promise significant long-term benefits beyond just climate adaptation and mitigation.
Senegal's energy transition is seen as an opportunity to meet both development and climate objectives. While there are risks related to delays in renewable energy deployment, Senegal's solar potential offers a cost-effective solution for meeting energy demands while reducing carbon emissions. In the short term, domestic gas can help phase out high-emission coal generation.
Adaptation priorities focus on no-regret interventions that improve resilience against diverse climate impacts. Investments in sustainable cities are expected to drive economic growth while enhancing resilience.
However, the report notes that current levels of climate-related investments fall short of what is needed. Bridging this gap requires active engagement from both public and private sectors. The CCDR suggests several areas where government incentives could mobilize additional resources.
"The World Bank Group’s Country Climate and Development Reports (CCDRs) are a core diagnostic that integrates climate change and development," states the report. These reports aim to guide countries in prioritizing impactful actions for reducing greenhouse gas emissions while supporting broader development goals.