This study provides the most detailed analysis to date of the damages and costs associated with SLR for the CARICOM nations, and builds on work completed in Phase I in 2009.
Previous economic studies as well as recent developments identified in the Economics of Climate Change Working Group (ECA) study in estimating impacts due to climate change. The methodology incorporates top-down and bottom-up approaches (i.e., macro, meso- and micro-scales analyses) to model impacts on the economies of each CARICOM country individually. A unique strength of this economic study is that it is based on the most detailed geographic reality of coastal geomorphology and development that determine vulnerability to SLR.
The economic implications of the impacts of climate change and required adaptation are being increasingly quantified to better inform international negotiations regarding adaptation assistance.
Such in-depth information is essential for the Caribbean States, SIDS and LDCs to strategically reduce vulnerability through investment, insurance, planning, and policy decisions, and inform negotiations regarding adaptation assistance under the Copenhagen Accord that was agreed at COP15 in Copenhagen.
