Bernadette Deka-Zulu (PhD Researcher- Public Enterprise)ZAMBIA, like many other countries, is experiencing grave impacts of climate change, which is one of the biggest challenges facing the world today.In the recent years, the country has experienced severe flooding that have caused significant economic damage, affecting agriculture, infrastructure, and other sectors of the economy.This article examines the economic impacts of climate change in Zambia, with a particular focus on the flooding incidents, and discusses opportunities for building resilience and adaptation.Long-term economic impact of flooding incidentsThe flooding incidents have had a significant impact on the country’s economy. According to a report by the World Bank, the 2019 floods caused an estimated $3.3 billion in damage, equivalent to around 3.4 booting of the country’s GDP. The floods affected several sectors of the economy, including agriculture, transportation, and energy.In addition to the immediate impacts, the flooding incidents also have the potential to cause long-term economic damage.The destruction of infrastructure, such […]
THE ECONOMIC IMPACT OF CLIMATE CHANGE: THE CASE OF FLOODING INCIDENTS IN ZAMBIA
