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By Antillean, Thursday, December 17, 2009

If no international agreement is reached to mitigate the effects of climate change the cost for Latin America and the Caribbean could be equivalent to 137 percent of the region’s current Gross Domestic Product (GDP) by the end of this century.

The prediction is made in the Economic Commission for Latin America and the Caribbean’s (ECLAC) report ‘Economics of Climate Change in Latin America and the Caribbean’ which was presented this week during a side event of Climate Change Conference taking place in Copenhagen.

The study projects that without international mitigation efforts, the region could suffer important losses in agriculture and biodiversity, strong pressures on infrastructure and a growing intensity of extreme weather events.

The report forecasts that without international mitigation actions, by the year 2100, the region could suffer important losses in agriculture and biodiversity, strong pressures on infrastructure and a growing intensity of natural disasters.

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