This event, organized by UNICEF Innocenti, provided an opportunity for leading experts on social spending to discuss a new report from UNICEF, ‘Monitoring the Social Spending Costs of Climate Change for Low-and Middle-Income Countries’ which argues that investing in social spending will be key to managing the climate crisis.

The impact of climate change is creating major socio-economic challenges for low- and middle-income countries that were exacerbated by COVID-19. The social sectors, including healthcare, education and social protection servicesare facing rising climate-related costs, and adaptive, shock-responsive and risk-informed social policies are required to help manage the climate crisis. 

Positive opportunities to raise the required additional financing exist, and an urgent and concerted effort is needed to raise finance; this generation’s children, who bear the burden of climate change, cannot wait.

Resources

Monitoring the Social Costs of Climate Change for Low- and Middle-income Countries

Webinar summary