The GDP of Peru is predicted to drop 15% inside the century due to effects of climate change, a recent comprehensive study announced. Environmental effects will bring detrimental damages to the fishery, agriculture and mining sectors. Fishery and mining, along with tourism, are the three leading drivers of Peru’s economy.
The study, released by a joint effort between the Economic Commission for Latin America and the Caribbean (ECLAC), the Inter-American Development Bank (IDB) and the Peruvian government, says that in particular fisheries and the anchovy market will take a serious dive. (more…)