Fi­jian cli­mate change losses could reach 6.5% of GDP: Study

Fiji Sun - - Cop23 Fiji -

By 2050, Fiji’s an­nual losses due to ex­treme weather events could reach 6.5 per cent of GDP be­cause of the im­pact of cli­mate change, with more than 32,000 peo­ple pushed into hard­ship ev­ery year, a study says.

The study is in a sig­nif­i­cant new cli­mate vul­ner­a­bil­ity re­port.

It was launched at the COP23 side event in Bonn, Ger­many. ‘Cli­mate Vul­ner­a­bil­ity As­sess­ment: Mak­ing Fiji Cli­mate Re­silient’, which was pre­pared in part­ner­ship with the World Bank and Global Fa­cil­ity for Dis­as­ter Re­duc­tion and Re­cov­ery (GFDRR), was launched at COP23 by At­tor­ney-Gen­eral and Min­is­ter Re­spon­si­ble for Cli­mate Change, Aiyaz SayedKhaiyum. An es­ti­mated FJ$9.3 bil­lion (US$4.5 bil­lion) over 10 years – al­most equiv­a­lent to 100 per cent of the coun­try’s GDP for one year – is needed to build the re­silience and ca­pac­ity to adapt to cli­mate change.

The Vul­ner­a­bil­ity As­sess­ment pro­vides sig­nif­i­cant new anal­y­sis of Fiji’s vul­ner­a­bil­ity to cli­mate change, with pro­jec­tions out­lin­ing po­ten­tial im­pacts for Fiji over the com­ing decades, cov­er­ing the im­pact of cli­mate change on Fiji’s econ­omy, liveli­hoods and poverty lev­els, health and food se­cu­rity.

It will also im­pact key in­dus­tries; agri­cul­ture and tourism and low ly­ing coastal ar­eas and is­lands.

Edited by Naisa Koroi

Source: DEPTFO NEWS

Photo: Of­fice of the At­tor­ney-Gen­eral

Head of Fiji’s COP23 del­e­ga­tion Aiyaz Sayed-Khaiyum (right), with the Speaker of Par­lia­ment Dr Jiko Lu­veni in Bonn, Ger­many.

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