Trinidad Express / OF the over-135 countries rated by Moody’s Investors Service, Trinidad and Tobago (T&T) is among 18 that the New York-based credit rating agency has identified as most vulnerable to climate change. On the upside though, of the 18, T&T is among the least vulnerable. In a statement promoting its two-megabyte US$750 report titled “Sovereigns — Global, Small island credit profiles resilient to near-term climate shocks, but climate trends pose longer-term risks”, Moody’s saw the perversely positive side to T&T’s lack of economic diversification. Moody’s said: “Cyprus, Hong Kong, Macao, Singapore and Trinidad and Tobago are the least vulnerable, as (they have) the smaller share of agriculture and tourism in economic activity—and in the case of Macao, the lower climate—dependence of tourism —greater economic diversity and/or more favorable geographic locations imply a lower exposure to climate change.
To get the full story, subscribe or login