Extreme weather events a permanent risk
Countries should develop national climate adaptation strategy
Willemstad/Philipsburg - “The Caribbean basin is the most exposed region to climate-related natural disasters. Hence, the occurrence of extreme weather events, which are expected to increase in frequency and severity due to climate change, can be considered a permanent risk to the economic outlook for Curaçao and Sint Maarten”, declared president of the Centrale Bank van Curaçao en Sint Maarten (CBCS), Richard Doornbosch, in the CBCS’s 2023 December Economic Bulletin. “Despite challenges in the areas of risk assessment and measuring costs, both countries should put climate change, specifically climate change adaptation, high on their policy agendas. After all, the extent of the damage caused by climate change in the future depends on the policy choices we make today”, he added.