Tonga:Technical Assistance Report-Climate Change Policy Assessment

Author: International Monetary Fund. Fiscal Affairs Dept.

Technical Assistance Report-Climate Change Policy Assessment

Volume/Issue: Volume 2020 Issue 212

Publication date: June 2020

ISBN: 9781513548791

$18.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Public Finance , Environmental Economics , Natural Disasters , ISCR , CR , short term , excise tax , emergency fund , international community , cross-government Emergency Management Committee , private sector , annual budget , investment project , Climate change , Natural disasters , Renewable energy , Budget planning and preparation , Public investment and public-private partnerships (PPP) , Global

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Summary

Tonga is one of the world’s most exposed countries to climate change and natural disasters. It suffered the highest loss from natural disasters in the world (as a ratio to GDP) in 2018 and is among the top five over the last decade (Table 1). Climate change will make this worse. Cyclones will become more intense, with more damage from wind and sea surges. Rising sea levels will cause more flooding, coastal erosion and contaminate fresh water. Daily high temperatures will become more extreme, with more severe floods and drought.