More insanity

Frightening Numbers in Latin America and Caribbean : Climate and Capitalism

The countries of Latin America and the Caribbean need billions of dollars to deal with the economic impact of climate change — funding that is not easily found on the international market.

A World Bank study presented Friday, the first day of a Nov. 21-23 congress of legislators from the Americas meeting in Mexico City to discuss the challenges of the global financial and climate crises, says natural disasters related to climate change, like storms, drought and flooding, cost 0.6 percent of the gross domestic product (GDP) of the affected countries, on average, in Latin America and the Caribbean.

If the frequency of natural disasters increases from one every four years to one every three years, per capita GDP could shrink by two percent per decade in the region, according to the report presented by Laura Tuck, director of the World Bank’s department of Sustainable Development for Latin America and the Caribbean.
...
A total of 77 lawmakers are taking part in the Americas Legislators’ Forum on Climate Change, held under the auspices of the Mexican Congress, the World Bank, the Global Legislators Organisation for a Balanced Environment (GLOBE), the Alliance of Communicators for Sustainable Development (COM+), and the International Union for the Conservation of Nature (IUCN).
...
Over the next five years, Jamaica will need one to two billion dollars to develop renewable energies in order to curb greenhouse gas emissions caused by the burning of fossil fuels.