Cli­mate change is es­ti­mat­ed to cost coun­tries in the Caribbean sub­re­gion up to five per cent of an­nu­al GDP be­tween 2011 and 2050, if adap­tive or mit­iga­tive ac­tions are not pur­sued, ac­cord­ing to the ECLAC re­port The Eco­nom­ics of Cli­mate Change in the Caribbean Sum­ma­ry Re­port. The re­port, which was launched by ECLAC Sub­re­gion­al Head­quar­ters for the Caribbean on Mon­day, con­cludes two years of re­search on the po­ten­tial im­pact of cli­mate change.

As­sess­ments were con­duct­ed in eight sec­tors iden­ti­fied as vul­ner­a­ble by Caribbean stake­hold­ers, across 14 coun­tries. The re­search was con­duct­ed in col­lab­o­ra­tion with the Caribbean Com­mu­ni­ty Cli­mate Change Cen­tre (CC­C­CC), with fund­ing pro­vid­ed by the De­part­ment for In­ter­na­tion­al De­vel­op­ment (DFID) of the Unit­ed King­dom.