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Saint Lucia reviews climate change in the context of agriculture and tourism

Wednesday 25 May 2011 –  A Review of the Economics of Climate Change (RECC) for key sectors in Saint Lucia—tourism and agriculture—will be the main agenda item for a two-day meeting of Caribbean economists later this morning.

Through the research, RECC sought to assess the likely economic impact of climate change on key sectors in the region and to stimulate government, regional institutions, and private sector actions, to develop and implement policies to mitigate and adapt to climate change. 

Further, the RECC seeks to stimulate national and regional debate on the economic cost/benefits of national and regional action on mitigation and adaptation compared to a “business as usual” approach. It is hoped that the results of the study will further alert the Caribbean public on the urgency of the climate change challenge and its potential socio-economic impacts.

The two-day workshop being held in Saint Lucia, will expose stakeholders to the econometric methodologies utilized in developing the potential economic costs of climate change for the tourism and agricultural sectors.

The potential economic impact for the health sector in Saint Lucia was also researched and the results will be presented in June of 2011. It is hoped that the workshop will equip the various stakeholders in the use and application of the various econometric methodologies presented in future work.  

The project forms part of a regional venture commissioned  by UNECLAC and the Caribbean Community Climate change Centre (CCCCC). Ongoing in a number of Caribbean Islands since 2008, it is funded by the United Kingdom’s Department for International Development (DFID).

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