Very timely book by the World Bank on Air Pollution, Marine Plastics, and Coastal Erosion in MENA. Unfortunately, 1) MENA’s cities are on average more than 5 times as air-polluted as recommended by WHO guidelines. 2) MENA’s seas are amongst the most plastics-polluted internationally and 3) in Maghreb region, coastal erosion is about 10 times faster than the global average.
As a result, the economic damages from pollution, marine plastics, and coastal erosion are estimated to about 3 percent of GDP every year in MENA . In addition, ambient air pollution causes about 270,000 premature mortalities each year in the region. A set of policy recommendations is proposed.
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Published by Wael Mohamed Aaminou
While living in the US, the 2008 financial crisis’ impact on the economy and people pushed me to question the purpose of my job as a financial consultant. I ultimately shifted gears to focus my advisory efforts on fostering a more ethical finance that puts the real economy, social welfare, and environment preservation at the center. With assignments in Northwestern Africa, Middle Eastern and Southeast Asian regions, this journey led me to challenge and shape Impact finance and Islamic finance ecosystems in as varied sectors as energy, healthcare, education, and agriculture.
Working in more than 10 countries has taught me that sustainable development challenges are complex, and that a viable solution would start by prioritizing efforts on most pressing issues when resources are limited. This is particularly true for climate change which transversally impacts virtually all SDGs. Today, as a sustainability finance advisor, I mobilize people and resources toward the adaptive challenge of building together the sustainable world that our children and planet deserve.
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