In 2017 when Chip Cunliffe started working on #OceanRisk, it wasn't really a concept that many thought about, which is exactly why we worked with amazing partners to set up the Ocean Risk and Resilience Action Alliance.
But it is now. It's heart-wrenching to watch the devastation of hurricane Beryl in the #Caribbean. It's also incredibly frustrating to hear/watch/read the surprise over the speed at which it formed, its intensity and the 'very warm ocean'. Given the Ocean has absorbed 90% of the heat from our carbon emissions, did we think that this wouldn't happen? At the UN's recent World Ocean Day event, Prof Johan Rockstrom (PIK - Potsdam Institute for Climate Impact Research) said that daily sea surface temperatures are dramatically deviating away from what they were before and the speed and interconnectivity of change are deeply inter-related, making what is going on in the Ocean extraordinarily concerning -- extraordinarily. The buffers that this now stressed system has been freely providing, are breaking down. It is the most exposed countries of the V20 that are bearing the brunt, with economies and communities devastated, indebted and having to claw their way back before the next storm hits. And this year, the hurricane season has just begun.
In a year in which climate finance and investing in adaptation and resilience are supposed to be at the top of the international climate agenda, what will happen over the next several months will be incisive - at the same time, the countries hit by this season's Atlantic hurricanes will be desperately trying to recover.
The Caribbean has the potential to be at the leading edge for investments into marine Nature-based Solutions. Coastal Ecosystems like reefs, mangroves, seagrass beds, wetlands & saltmarshes play a critical role in coastal protection, and nature – our planet’s premier engineering firm - has been working on refining these adaptive infrastructure solutions for millenia. They are a first line of defense against storm surge and sea level rise and are critical to sustaining local livelihoods, communities and their economies, and protecting the most vulnerable, especially women and girls. A 2019 study concluded that coral reef and mangrove restoration projects in the region are 10 to 100 times cheaper than artificial coastal defenses - the median costs for coral reef restoration in the Caribbean are USD$1million/km compared to USD$19m/km for artificial breakwaters and levees. (Narrayan et al. 2019). The CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) found that, in 7 out of the 8 countries examined, reef and mangrove restoration were among the most cost-effective approaches for coastal risk reduction and adaptation.
My thoughts are with all our partners and friends in the #Caribbean, and how we can all work together to build coastal and ocean resilience to meet the challenges we all now face.