… With insurance companies raising premiums with each hurricane, and commercial banks charging high rates of interest on loans, plus the high cost of importing material, the cost of doing business in the
This observation is true too for non-tourism business. Heavy rains and flooding affect agricultural production in the small islands and in the mainland territories. In
What all this adds up to is that the region becomes less attractive as an area for doing business.
The question arises as to what can be done about it? The experts call for programme to be agreed at a global level that would compel individual states, particularly the major users of fossil fuels to cut down on the emissions of harmful gases. Attempts to do achieve this have been lukewarm at best.
…One salvation for small island states and mainland territories with low lying coastlands is that climate change is beginning to affect industrialised countries as well. They too have low lying areas that are threatened by the sea and by rivers.
…So far in the
Yet, if the Caribbean is so low an emitter of harmful carbons but is a major victim of the high emissions of many of its trading partners, surely a formula could be worked out by which the
No doubt, the trading partners such as the EU, who at 14%, are the third largest emitter of harmful gases, would argue that such a discussion should take place in an international forum such as the World Trade Organisation (WTO) or the Kyoto Protocol. And, undoubtedly if the
But every journey starts with a first step. And, the Caribbean could take the first step by introducing the concept in the African,
Map of Caribbean Islands by Raimond Spekking, Wikimedia Commons