Tag Archives: Guyana: Climate Change impacts could cost oil rich Guyana US$800M – Gov’t Report

Guyana: Climate Change impacts could cost oil rich Guyana US$800M – Gov’t Report

— Govt. Report says over 300,000 citizens could be harmed

By Kiana Wilburg – Nov 25, 2021 – Kaieteur News – Since the 1960s, increases in temperature, sea level and extreme rainfall have exposed just how vulnerable Guyana is to climate change. This frightening global phenomenon has resulted in more than US$600M in losses. That figure could however see an alarming spike as two government reports predict that more climate woes of potentially catastrophic proportions lie ahead for the world’s latest oil exploration hotspot.

Some of the homes that were almost submerged during the May-June 2021 flooding.

 

According to the 2015 Climate Resilience Strategy and Action Plan for Guyana, climate change will no doubt alter the characteristics of hazards Guyana is exposed to (e.g. average annual rainfall) and the nature of variability (e.g. more intense storms, irregular seasonal rainfall), which will hamper the nation’s socio-economic development objectives.              Continue reading

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