{"id":251815,"date":"2025-09-29T12:57:25","date_gmt":"2025-09-29T16:57:25","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=251815"},"modified":"2025-09-29T13:30:03","modified_gmt":"2025-09-29T17:30:03","slug":"climate-costs-outrun-small-states-capacity-antigua-envoy-declares","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/climate-costs-outrun-small-states-capacity-antigua-envoy-declares\/","title":{"rendered":"Climate Costs Outrun Small States\u2019 capacity\u00a0 \u2013 Antigua Envoy declares"},"content":{"rendered":"
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Antigua and Barbuda\u2019s Ambassador Sir Ronald Sanders <\/a>has warned that climate change<\/a> and an inequitable financial system are trapping small Caribbean states in \u201cpermanent recovery,\u201d urging the world to \u201cprice risk honestly and finance resilience fairly.\u201d<\/p>\n\n\n\n

Speaking at a consultation of more than 200 persons, convened by the Inter-American Commission on Human Rights (IACHR) <\/a>on poverty, public debt and climate change, Sanders said disasters are driving debt while insurance costs surge. <\/p>

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\u201cWhen a Category-5 storm wipes out homes, roads, and power, governments must borrow to rebuild\u2014again and again.\u201d<\/p>

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The Ambassador remarked that Ocean heating and mass coral bleaching are eroding the blue economy\u2014\u201cover 84% of the world\u2019s reefs have faced bleaching-level heat stress since January 2023.\u201d <\/p>\n\n\n\n

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Sea level is rising roughly 3.4 mm a year in the Caribbean; without major adaptation, studies project 38\u201347% tourism-revenue losses by 2100. <\/p>\n\n\n\n

A record sargassum influx this year has further strained coastal communities, while tighter reinsurance markets are making coverage unaffordable.<\/p>

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\u201cThe impacts of climate change are accelerating faster than the fiscal capacity of small states to adapt,\u201d he said, pointing to average annual disaster losses near 2% of GDP, adaptation needs around 3.4% of GDP, and small island states receiving only about 2% of tracked adaptation finance.<\/p>

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Talent flight compounds the problem, with roughly 70% of the Caribbean\u2019s tertiary-educated living in OECD countries.<\/p>\n\n\n\n

Sanders said per-capita income \u201cdistorts reality,\u201d graduating vulnerable states out of affordable finance taking little accounts of their exposure to shocks. <\/p>\n\n\n\n

He urged rapid implementation of the UN-endorsed Multidimensional Vulnerability Index to unlock affordable, long-tenor financing.<\/p>\n\n\n\n

Framing climate and debt as human-rights issues, he cited recent Inter-American and International Court findings that financing terms must protect essential services and social spending as human rights.<\/p>\n\n\n\n

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CLICK HERE TO JOIN OUR WHAT\u2019S APP GROUP Antigua and Barbuda\u2019s Ambassador Sir Ronald Sanders has warned that climate change and an inequitable financial system are trapping small Caribbean states in \u201cpermanent recovery,\u201d urging the world to \u201cprice risk honestly and finance resilience fairly.\u201d Speaking at a consultation of more than 200 persons, convened by […]<\/p>\n","protected":false},"author":12,"featured_media":222349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-251815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nAntigua and Barbuda\u2019s Ambassador Sir Ronald Sanders Warns - Antigua News Room<\/title>\n<meta name=\"description\" content=\"Ambassador Sir Ronald Sanders highlights how climate change traps Caribbean states in recovery, urging equitable financial 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