4th May 2022

CCRI launches new climate technology to transform how countries anticipate, prepare and adapt to intensifying climate conditions
Trend

Ground-breaking technology developed to help countries most exposed to extreme weather events to become more climate resilient has been launched in Jamaica by the global Coalition for Climate Resilient Investment(CCRI).
Jamaica is the first country to complete development of the Systemic Risk Assessment Tool(J-SRAT), designed by Oxford University in collaboration with the Jamaican Government and support from CCRI and the UK’s Foreign Commonwealth and Development Office. J-SRAT has been developed to help identify ‘hotspots’ across the country’s major infrastructure networks-such as energy, water and transport -most vulnerable to climate risk, ensuring the effective and efficient investment of public and private resources.
Jamaica’s population, infrastructure and economic assets are highly exposed to extreme weather, such as hurricanes, tropical storms and flooding events that are expected to become more intense and frequent. With many of these climate hazards now irreversible, the country’s priority is to adapt by building the resilience of its major infrastructure assets.
Dr Wayne Henry, director general of the Planning Institute of Jamaica, comments “Given Jamaica’s vulnerability to climate shocks, the cumulative cost over the years and future climate projections, JSRAT is an important data-driven addition to the analytical toolkit to aid assessment of climate risks, particularly with respect to critical infrastructure such as water, transport and energy.
“We anticipate that the combination of the analytical capabilities of this tool along with those of relevant local platforms and the transfer of knowledge to local technical personnel, should help to better guide our decision-making on future location and investment for infrastructure. JSRAT is a potential game-changer and we look forward to its utility as the country moves to not only modernise but also to retrofit and harden its infrastructure assets.”
Economic cost from coastal flooding in Jamaica is at risk of increasing from $190m to $640m per annum on average before the end of the century. Hurricanes cause the most physical risks to infrastructure at $1.4bn annually by 2025, representing 10% of Jamaica’s gross domestic product, according to analysis by CCRI.
CCRI’s climate technology is capable of detecting the most vulnerable and vital hotspots for long-term development gain. For example, investing $2.5m to protect Jamaica’s two most exposed electricity substations from flood risk would yield a benefit of $4.8-5.8m in avoided flood damage and economic disruption.

CCFI Trends(5 articles)