Monday, September 15, 2008

Economic impact of climate change in the Caribbean under review

Carribean360: The Economic Commission for Latin America and the Caribbean (ECLAC) will be reviewing how climate change is affecting regional economies, in a study funded by the United Kingdom's Department for International Development (DFID). ECLAC said in a release that the study will be undertaken by its sub-regional headquarters for the Caribbean, in Trinidad and Tobago.

"Climate change is likely to impose serious economic consequences for the Caribbean, and in turn will make it increasingly difficult for the region as a whole to respond to the challenges of poverty reduction, higher human development and environmental sustainability linked to the attainment of the United Nations Millennium Development Goals," it said.

…This review for the Caribbean forms part of a series of related climate-change initiatives that are currently being carried out by ECLAC in Central America and the DFID at a global level.

ECLAC said the study from this review, in conjunction with its study on climate change in Central America and other regional studies, will contribute to a better understanding of the economic impact of climate change in Latin America and the Caribbean. It said it will also outline the costs and benefits of needed related policy responses both in terms of mitigation and adaptation.

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