Climate change and the Myanmar economy

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Sub-title: When Hurricane Irma hit Puerto Rico in September 2017, Carlos Melendez couldn’t contact the staffers or customers of his San Juan-based technology firm, Wovenware.
Description: "Melendez learned a lesson that would help his business during the next storm, that disaster preparedness includes being able to communicate with people when the emergency is over. He quickly signed up with an online messaging service – and got to use it two weeks later when Hurricane Maria devastated Puerto Rico. “The amount of damage was a situation we had never had before here on the island,” Melendez says. But because he was now able to communicate with employees, he could determine how they were, arrange to meet with those able to get to the office and let customers know Wovenware was working despite the widespread devastation and lack of power and resources. Small businesses in the United States have already contended this summer with earthquakes in Southern California and Hurricane Barry in the Gulf Coast and Midwest, and the most intense portions of the Atlantic hurricane and Western wildfire seasons are still ahead. But many owners don’t prepare for potentially devastating natural disasters, leaving them to learn during a crisis what they should have done differently. And even companies that do plan can be unprepared for the unique circumstances of a particular disaster – no owner in New Orleans could have predicted they’d be unable to operate for months, even years, after Hurricane Katrina turned the city and some of its suburbs into a ghost town in 2005..."
Source/publisher: "Myanmar Times"
Date of entry/update: 2019-08-26
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Description: "Myanmar’s natural assets – including its forests, soils and coastal waters and the biodiversity they embody – makes up its natural capital, providing critical benefits to the Myanmar people, helping to protect them against natural hazards and ensuring reliable sources of clean water for drinking and irrigation as well as opportunities for ecotourism. Myanmar’s natural capital is also the source of other tangible and intangible benefits that support human well-being and underpin economic development. To secure those benefits, we need to understand which areas and ecosystems best serve the people and infrastructure dependent upon them, as well as how these benefits can be protected or enhanced in the face of climate change. The assessment presented in this report shows where and how Myanmar’s natural capital contributes to clean and reliable drinking water sources, reduced risks from floods inland and storms along the coasts, and to maintaining the functioning of reservoirs and dams by preventing erosion. The results highlight areas that provide high levels of ecosystem services, where natural capital provides the greatest benefits to people and infrastructure. This initial assessment has focused on identifying important ecosystem service provisioning areas that benefit the greatest number of people at a national scale, emphasizing benefits to cities and other large population centres. Benefits to rural populations and to vulnerable subgroups are critical as well, and they should be considered in greater detail as a next step. In addition, many of these areas important for ecosystem services provision coincide with areas important for biodiversity conservation. The effective management of these areas of synergy can help guarantee benefits to Myanmar’s people, infrastructure and wildlife not just now, but for decades to come. Securing natural capital is especially important in the face of climate change. As rainfall becomes increasingly variable and extreme events like heavy storms and droughts more frequent and intense, the role of forests in protecting rivers and streams from sediment will become more central in maintaining the quality of drinking water and improving the functioning of reservoirs and dams. The value of other ecosystem services will also become more apparent. Importantly, although climate change might make these services more valuable, the locations of hotspots areas important for ecosystem service provision are not expected to change over the next several decades for the services assessed here, so that protecting these areas would provide long-term benefits. While conservation of existing natural capital alone cannot eliminate the impacts of climate change, protecting and enhancing natural capital benefits is a critical component of climate change adaptation. Incorporating natural capital information into planning and development processes can ensure that its benefits are put to work in the service of the people and for the prosperity of the economy. Natural capital assessments can support planning and development across and within key sectors, including energy, transport, agriculture, and health, while strengthening climate resilience and promoting adaptation planning. The natural capital assessment provided here can support development and management decisions that launch Myanmar on a more sustainable and inclusive path toward economic development..."
Source/publisher: World Wide Fund for Nature (WWF)
Date of entry/update: 2019-07-23
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Description: "This policy brief looks into climate risks to three selected industries (agribusinesses, garment industries, building businesses) in order to illustrate potential impacts on and key vulnerabilities of businesses in Myanmar, dominated by small and medium enterprises. Businesses and industries in Myanmar are already facing enormous losses and damages associated with climate change. In future, climate change will likely cause huge production losses and physical damages to farmers, agro-processing firms, retailers and other agribusinesses. The garment industry will face unreliable electricity supply, disruptions in all transport modes, physical damages to assets, and declining health and well-being of migrant workers. Building industries and businesses will be challenged by more frequent disruption of operations, as well as losses associated with long-term consequences of climate change on supply of materials, health of workers, quality of construction works and market demand. • To enhance the resilience of businesses and industries, Myanmar should: enforce environmental laws, regulations and safety standards legislation; mainstream climate change considerations into sectoral policies, labour health and safety standards, and social protection programmes; and develop tailored information services, stimulate research, raise awareness, support capacity-building of businesses, and improve early warning systems. Public institutions should work with the private sector to safeguard a resilient future of the nation and communities, including by engaging private sector actors in adaptation planning and implementation, and promoting public-private partnerships..."
Source/publisher: Myanmar Climate Change Alliance
2017-11-30
Date of entry/update: 2018-01-17
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Type: Individual Documents
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Format : pdf
Size: 515.97 KB
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