Connect with us

Business Insights

Positive economic outlook for MENA through climate action, reveals ILO at COP28

International Labour Organisation shares predictions on climate action on GDP in the MENA province at COP28.

International Labour Organisation shares predictions on climate action on GDP in the MENA province at COP28.

Forecasts by International Labour Organisation

Delegates at COP28 have received encouraging economic predictions for the Middle East and North Africa (MENA) region, should it adopt ambitious climate action targets.

Job Creation and GDP Growth Estimates

Peter Rademaker, Deputy Regional Director for the Arab States at the International Labour Organisation (ILO), disclosed that stringent climate action in the MENA region could result in the creation of 10 million new jobs. 

Furthermore, this proactive approach to climate action might accelerate the Gross Domestic Product (GDP) growth to a significant 7.2 percent by the year 2050.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending