Budget allocation for creation of climate change policy
The government must continue to attract resources in order to mitigate climate change, according to Minister of Agriculture and Marine Resources Michael Pintard, who said his ministry is the one most impacted by the phenomena.
The government made an allocation for the creation of a climate change policy during the next fiscal year, according to Pintard.
“Climate change is wreaking havoc in Caribbean countries’ economies. You would have heard some of the challenges we have faced in the tourism sector. We have faced a downturn in the numbers of tourist visits to this region in large measure to the impact of climate change, resulting in stronger hurricanes and weather conditions in the region. No sector is more impacted by climate change than agriculture and marine resources, so we have allocated in the budget funds to mitigate against climate change,” he said.
“What is beautiful about what is being done now, is the synergy that is the relationship and collaboration that exists between ministries so that persons recognize that it has to be a collaborative effort.”
Global warming and climate change are said to most significantly impact small island developing nations like The Bahamas.
The Inter-American Development Bank (IDB) has estimated the financial impact of climate change on The Bahamas could reach between $17 billion and $19 billion by 2020.
Prime Minister Dr. Hubert Minnis has promised to outline his administration’s plan for the areas of the environment and climate change and energy reform in his next Report to the Nation.