With an emphasis on the agriculture and cattle industries, the paper offers fresh data about the losses and damages caused by climate-related weather events in the Sahel and Horn of Africa, both now and in the future. This study examines data from 18 African nations to forecast potential future losses and offer updated estimates of the costs of climate change-related extreme weather events in the Sahel and Horn of Africa between 2000 and 2022, including fatalities, agricultural losses, and more. In order to examine indirect and non-economic losses and damages, it also examines the body of current literature. The report’s main takeaways are:
- Between 2000 and 2022, climate change impacted almost 149 million people in the Sahel and Horn of Africa and caused 12,000 fatalities from droughts and floods, or about 39% of the total.
- In these areas, agricultural and animal losses due to climate change also cost $11.5 billion.
- The overall cost of agricultural and animal losses as well as fatalities from climate-related droughts and floods might exceed $160 billion by 2050 if global warming reaches 2°C.