NU Online News Service Aug. 19, 3:42 p.m. EDT
Climate change could significantly increase Caribbean hurricane risk and raise annual expected losses by another 1 to 3 percent of GDP for some Caribbean countries by 2030, according to a new study.
Damage from wind, storm surge and inland flooding already amounts to 6 percent of GDP per year in some Caribbean countries, according to the study, released by the Caribbean Catastrophe Risk Insurance Facility (CCRIF).
The study on the Economics of Climate Adaptation (ECA) in the Caribbean covers eight countries--Anguilla, Antigua and Barbuda, Barbados, Bermuda, the Cayman Islands, Dominica, Jamaica and St. Lucia. It was commissioned by the CCRIF to assess the growing risks climate change poses to Caribbean economies and identify cost-effective ways to manage them.
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