Barbados fishing industry still reeling from hurricane aftermath
Published On Dec 29, 2024, 7:04 PM
The fishing fleet in Barbados has suffered severe damage due to Hurricane Beryl, with approximately 75% of active boats affected and many fishermen unable to work for months. While some boats are being repaired and returned to sea, the community is concerned about the long-term impacts of climate change on the fishing industry, including warmer sea temperatures changing fish populations and potentially leading to more destructive hurricanes in the future. Local fishermen emphasize that the situation has drastically changed, impacting both their livelihoods and the tourism industry, which struggles to source enough fish. Climate change affects the island's economy and creates urgency for resilience and adaptation.
Stock Forecasts
CARR
Negative
The fishing industry in Barbados, central to its economy and tourism, is severely impacted by climate change and natural disasters. As the fishing fleet recovers, this may lead to temporary improvements, but ongoing climate concerns present volatility. Investors should be cautious of investing in businesses heavily reliant on fishing and tourism in climate-sensitive regions.
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