Selected Issues Papers

Assessing Climate Change Risks: Potential Output Losses and Gains from Strengthening Resilience, Bahamas

By Zamid Aligishiev

April 11, 2025

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Format: Chicago

Zamid Aligishiev. "Assessing Climate Change Risks: Potential Output Losses and Gains from Strengthening Resilience, Bahamas", Selected Issues Papers 2025, 030 (2025), accessed April 14, 2025, https://doi.org/10.5089/9798229006712.018

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Summary

The Bahamas is highly vulnerable to the effects of climate change, including gradual sea level rise, biodiversity loss, and intensifying hurricanes. Together, these challenges threaten to undermine the country’s potential output over the long term by inflicting damages to physical assets and eroding natural capital, which is vital to its tourism-driven economy. Importantly, these risks are unevenly distributed with smaller islands being more exposed and sensitive than the larger, more developed ones. Addressing these disparities as well as closing economy-wide adaptation needs through investments in structural resilience can unlock large potential output gains.

Subject: Climate change, Economic sectors, Environment, Financial institutions, Infrastructure, National accounts, Natural disasters, Population and demographics, Potential output, Production, Production sharing, Stocks, Taxes, Tourism

Keywords: Climate change, Climate Change, Infrastructure, Natural disasters, Natural resources, Potential output, Production sharing, Public investment spending, Resilient investment, Stocks, The Bahamas, Tourism

Publication Details

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