The Cayman Institute is an apolitical, privately funded, non profit organization established to consider the long term effects and implications of diverse technological, sociological, economical and cultural issues to the Cayman Islands. Its members work on a voluntary basis and offer strategic plans for consideration to guide the delivery of nearer term projects, so as not to jeopardize the future of the islands' infrastructure, financial and human resources.
Tuesday, December 16, 2014
ECLAC Updates Study on Economics of Climate Change in Latin America and the Caribbean read more
5 December 2014: The UN Economic Commission for Latin America and the Caribbean (ECLAC) has published an update of its study ‘The Economics of Climate Change in Latin America and the Caribbean: Paradoxes and challenges of sustainable development,' which provides an overview of expected climate impacts in the region, as well as subregional and national figures.
The report explains that, while growth in the region has led to improved economic and social conditions, it has had negative impacts on the environment, economy and society as a whole, including through more air pollution in urban areas and a deterioration of natural assets, such as water resources and forests.
The report states that the "foundations of the region's economic buoyancy are being undermined" through the region's production structures and consumption patterns, which contribute to a large carbon footprint. The report contends that the region must transition towards a sustainable form of development that will preserve its economic, social and natural assets for future generations and leave them with “a more equal, socially inclusive, low-carbon form of economic growth.”
The report concludes that the climate change challenge is also a sustainable development challenge and recommends achieving “a global consensus that recognizes the asymmetries and paradoxes of the problem.”