HomeArchiveClimate change causes $1.1 billion in losses in Costa Rica, study finds

Climate change causes $1.1 billion in losses in Costa Rica, study finds

A recent study released by Costa Rican officials shows that the country has accumulated approximately $1.13 billion in losses due to climate change from 2005 to 2011, primarily along coastal areas.

The investigation was based on a report by climate change expert Roberto Flores about how to adapt to climate change. The study was released Sunday in the weekly business newspaper El Financiero.

Rural areas were hit the hardest, and 50 percent of damages affected highway infrastructure. The other damages were distributed between agriculture (16.7 percent), flood control and similar construction projects (13 percent) and homes (12.2 percent).

Puntarenas, on Costa Rica’s central Pacific, is the province most affected by climate change, with damages in the six-year period reaching $164.5 million.

Flores, the head of climate change at the Agriculture and Livestock Ministry’s Planning Department, said that the study used data primarily from the National Emergency Commission.

William Alpízar, director of climate change at the Environment Ministry, told the weekly newspaper that the phenomenon’s primary effects are increased precipitation, more sickness and higher ocean levels.

These effects are reflected in the nearly $710 million lost due to hydrometeorological changes. For Walter Vergara, an expert in the field at the Inter-American Development Bank (IDP), Costa Rica needs to prioritize prevention, as estimates show that by the middle of the century damages from temperature increases in Latin America could increase to $100 million annually.

The IDP suggests that one out of every $4 of financing should be spent on prevention and adaptation.

On Sept. 19-20, Costa Rica will host an important Climate Vulnerability Forum with the environment ministers of 20 countries, who will gather at the Tropical Agricultural Research and Higher Education Center in the Caribbean slope city of Turrialba.

Trending Now

Costa Rica Reopens Cambronero Highway After Nearly Two-Months

Costa Rica has reopened the Cambronero section of Route 1, restoring an important highway connection between the Central Valley and the Pacific coast after...

A Proposed 15% Tax Would Reach Costa Rica Residents’ Foreign Dividends and Interest

Costa Rica residents who earn interest, dividends, rent or capital gains outside the country would pay a 15% tax on that income under a...

Your 2027 Marchamo Is Due and the New Sticker Can Only Go On Once

The 2027 marchamo is due by Dec. 31, with a new 10-year sticker you can only stick on once.

Nearly Two Thousand Chinese Businesses Established in Nicaragua Since Free Trade Agreement Took Effect

Nearly 2,000 Chinese businesses have been established in Nicaragua during the first two years of the free trade agreement with China, according to the...

Costa Rica Dollar Supply Hits Record 20 Years After Colón Devaluations Ended

The dollar sits near ₡452 as Costa Rica marks 20 years since ending planned colón devaluations. Here's what is driving record dollar supply.

Prosecutors Find No Costa Rican Victims in Epstein Files Investigation

Costa Rican prosecutors ask a court to dismiss their Epstein files probe after finding no local victims or suspects.

Alejandro Tabilo Falls to Rafael Jódar Again in Paris Masters Opener

Chile's Alejandro Tabilo suffered another disappointing defeat against Rafael Jódar on Monday, losing 6-2, 6-3 in the opening round of the Paris Masters as...

El Refugio Costa Ballena: Making a Difference for Animals and the Community

From rescuing animals in need to providing affordable spay/neuter surgeries and supporting community members’ loving pets, one local nonprofit is changing the lives of...

What JetBlue’s Multi-Billion Dollar Debt Means for Costa Rica Flights

JetBlue creditors have hired restructuring advisers as the airline's bonds slid to 42 cents on the dollar, raising questions about its Costa Rica routes.
Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel