Tunisia Bets on Tourism, Renewable Energy Amid Economic Stress - Bloomberg
Tunisia Bets on Tourism, Renewable Energy Amid Economic Stress - Bloomberg
Tunisia Bets on Tourism, Renewable Energy Amid Economic Stress
The Ariana district in Tunis, Tunisia. Photographer: Chedly Ben Ibrahim/Bloomberg
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Tunisia, which is awaiting approval for a $1.9 billion International Monetary Fund funding program, said it hopes to weather a worsening economic crisis with the help of earnings from tourism and renewable energy.
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Tunisia Bets on Tourism, Renewable Energy Amid Economic Stress
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
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- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”