A total amount of $90 million was spent for resorting to normalcy after Barbados got affected by the volcanic ash that came from the La Soufriere Volcano eruption.
Marsha Caddle, the Ministry of Economic Affairs and Investment, said that she recently completed a loss and damage assessment to determine the extent of the damage caused due to the ash, which has been estimated to be in the region of $87 million.
Marsha Caddle, the Ministry of Economic Affairs and Investment, said that that had been another example of the significant amount of money that has been required if a small island developing state such as Barbados has to properly prepare and mitigate the effect of the natural disasters and the climate crisis.
Caddle said that President-Designate of the United Nation’s Climate Change Conference, Alok Sharma and other members of his team moments before a brief tour of the Richard Haynes Boardwalk this afternoon they might have as they might recall in April the La Soufriere Volcano erupting on the island of St Vincent, and they just had their temporary loss and damage assessment from the ashfall in Barbados, and they estimate that initially at $87 million for an event that has been related to ash falling for a couple of days.
Marsha Caddle, the Ministry of Economic Affairs and Investment, said that there has been doing the work of isolating what the disaster and climate-related expenditures that they as a Government have to make is. And they have been starting to work on doing that, to be able to say that it has what they had to spend that has related to recovery from disaster and the climate crisis or preparation and adaptation to the effects of the problem because that’s important for them to be able to demonstrate that the issue requires massive levels of investment, massive amounts of fiscal space.
Earlier that week during Parliament, Ministers in the Ministry of Finance Ryan Straughn disclosed that over $22 million had approved to fulfil the cost of the cleanup of ashfall.