Global Climate Sample Clauses

Global Climate. The warming of the earth’’s atmosphere will impact on the Pacific Island economies affecting health, coastal infrastructure, water resources, agriculture, forestry and fisheries. In Kiribati, there is evidence of increasing vulnerability to extreme weather events as growing urbanization, degradation of coastal ecosystems and growth of coastal infrastructure intensify the land and the community’’s exposure to climate events. 7 The main source of information presented in this section is ““Joint Annual Report 2005 –– Draft February 2006””. European Commission / Government of Kiribati. Assessment of the economic impact of climate change is of concern to Kiribati. If climate change scenarios materialise Kiribati could suffer economic damages of €€20 million a year by 2050. In years of strong storm surge up to 54% of South Tarawa could be inundated with capital losses up to €€270 million. The World Bank recommends taking immediate adaptation measures including those that would be justified even in the absence of climate change (no regrets measures) and enhancing planning processes that will enable communities and the Government of Kiribati to adapt to change including climate change.