This article was originally published on Tribune 242.
“Climate change impacts could cost the Bahamian economy almost $500 million annually by 2025, the Inter-American Development Bank (IDB) has warned, with “badly designed” infrastructure and coastal erosion increasing the threat.
The IDB, in unveiling a $26 million project designed to improve the ability of the Bahamas’ coastline and associated infrastructure to withstand climate change, highlighted the growing danger for this nation’s key economic assets and industries.
Its report, which has been obtained by Tribune Business, warns that “a recent study” shows flood prone areas in Nassau will expand by 8 per cent come 2050, due to increased rainfall created by climate change.
While not huge, such a percentage is significant on an island that is just 21 miles long and seven miles wide, with numerous areas – as shown by Hurricane Matthew – already prone to flooding during heavy rainfall and major storms…”
Read on at: Tribune 242.