Cabo Verde: Technical Assistance Report-Climate Policy Diagnostic

May 17, 2024

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Format: Chicago

Cabo Verde: Technical Assistance Report-Climate Policy Diagnostic, (USA: International Monetary Fund, 2024) accessed November 21, 2024

Summary

Cabo Verde faces development challenges from multiple structural factors, including insularity, territorial discontinuity, fragility of ecosystems, and scarcity of natural resources, namely water and arable land. Climate change implications are amplifying these challenges. As an island extension of the arid Sahel zone, Cabo Verde faces severe water shortage, which the country addresses more and more through energy intensive desalination, using electricity produced largely by thermal power plants, which depend entirely on imported fossil fuels. The resulting high energy prices directly impact the cost of water production. In conjunction with climate change induced aridity, the energy-water-climate nexus presents the core development challenge for the country.

Subject: Climate change, Commodities, Electricity, Environment, Greenhouse gas emissions, International organization, Monetary policy, Renewable energy

Keywords: Authorities of Cabo Verde, Climate change, Climate change implication, Climate change management coordination, Cross government coordination, Electricity, Global, Government transfer, Greenhouse gas emissions, Policy priority, Renewable energy

Publication Details

Pages:

78
Volume:

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DOI:

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Issue:

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Series:

Technical Assistance Report No. 2024/040
Stock No:

TAREA2024040
ISBN:

9798400276675
ISSN:

3005-4575

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