EXTREME WEATHER CONDITIONS like flooding amount to an annual six per cent of Gross Domestic Product in some countries and could potentially rise by a further one to three per cent by 2030 in a worst case scenario.
Against the backdrop of countries in the region still struggling to recover from the destruction of Hurricane Tomas, Prime Minister Freundel Stuart spoke of those startling figures during the opening ceremony of a two-day conference on Climate Change In The Caribbean – Equipping Policy Makers To Combat The Threat at the Savannah Hotel earlier today.
These costly effects of climate change were contained in the preliminary results of a study done by the Caribbean Catastrophe Risk Insurance Facility on the Economics of Climate Adaptation.
