Fiji natural disaster costs will be 50% higher by 2050
Fiji's financial losses due to climate change related disasters will be 50 percent higher by 2050 according to a new study.
Storms, floods and cyclones currently cause losses of around US$245-million annually.
The study released by the Fiji government and the World Bank at the COP23 climate change conference in Germany today uses new methods to assess risk and to develop adaptation plans.
A lead economist at the World Bank, Stephane Hallegatte, said the study developed for Fiji can now be used by other vulnerable nations.