Small Island Developing States (SIDS) in the Caribbean are among the most highly vulnerable countries to climate change hazards which include sea level rise, hurricanes, flooding, droughts, changing rainfall patterns, increased temperatures, and coastal erosion. Investing in Nature-Based Solutions (NBS) is critical for the Caribbean owing to the region’s heightened … [Read more...] about 3 keys to Increase Nature-Based Solutions in Caribbean Construction Industry
The economic impact of climate events in the Caribbean is among the highest in the world. Improving the resilience of buildings is vital to increase preparedness to the impacts of climate change and is economically viable for many building typologies in high-risk Caribbean countries. Although resilient buildings generate long-term savings, in most cases, they come with … [Read more...] about Building resilience comes at a higher initial cost. How can we better finance it?
We all know that to build more resilient infrastructure, we need to invest more; but how much more is enough? Our last blog showed that the Caribbean islands lose an average 2% of their capital stock in infrastructure because of climate-related events every year. This would be equivalent to having all the infrastructure capital stock in the Caribbean islands … [Read more...] about The cost of (not) building resilient infrastructure in the Caribbean
The Caribbean islands are among the 25 most-vulnerable nations in terms of climate-related disasters per capita or land area, and climate change is only expected to worsen this scenario. Only in 2020, there were 13 hurricanes in the Atlantic, second highest on record. In addition to human lives losses, these disasters take a deep toll on economic growth: in 2019, hurricane … [Read more...] about Is it worth it to invest in resilient constructions in the Caribbean? The answer is yes!
Finding suitable land to build social infrastructure is a great challenge. Budgets are usually very limited; there are few available lands and often they have legal problems or debts, lack of public services or require additional work besides those of the project itself. In many countries, through intergovernmental agreements, donated land is accepted, which seems to be the … [Read more...] about If zero risk does not exist, how to select safe lands?