Montenegro country climate and development report
This report states that climate-related disasters could reduce Montenegro's GDP by 7.9% in 2050. Adapting to climate change would require $5.7 billion over the next decade or so, bringing significant benefits, including prevented damages, accelerated economic growth, and enhanced social and environmental outcomes.
Montenegro faces significant climate risks, including frequent floods, earthquakes, landslides, and intensifying droughts, wildfires, and heatwaves. Floods stand out as Montenegro's most destructive natural hazard, affecting 10,000 people annually and causing an average of $90 million in damages each year. Earthquakes also pose a significant risk, impacting 9,000 people annually and resulting in average losses of $70 million. These challenges disrupt livelihoods, impact key economic sectors like agriculture and transport, and threaten economic stability. Without timely climate adaptation measures, these challenges are expected to intensify as the effects of climate change accelerate.
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