ABSTRACT
Tackling climate change is widely recognised as crucial to achieving long-term sustainable poverty alleviation. Poverty alleviation and climate change are intimately linked (Stern 2007)
as the poorest people tend to suffer the greatest impacts and have the least capacity to adapt. Even today climate shocks, like droughts, flooding, and storms, have a material impact on the development prospects of the poorest countries. Since 1980, weather-related catastrophes have caused almost 1.2 million fatalities and led to direct damages amounting to US$610 billion in low income (LICs) and lower-middle income countries (LMICs).1 For the poorest in society, these direct impacts can have a long-term influence on economic prospects.
