Business View Caribbean - Aug 2023

7 BUSINESS VIEW CARIBBEAN VOLUME 10, ISSUE 8 OPENING L INES O p e n i n g L i n e s Caribbean’s Marine Heat Wave Could Impact Economy—Report Source- , Caribbean New Editor, First Published July 29th, 2023 The current record-breaking heat wave on the surface of the Caribbean Sea is threatening the coral, the fish that live among them, and the economy that they sustain, according to a recent report. This year recorded the hottest temperatures in the Caribbean, with regional waters heating up at 90 degrees Fahrenheit. This is more than two degrees Fahrenheit above the average for this time of year. “Scientists pay close attention to sea surface temperatures because that’s where the water meets the sky. It governs evaporation, which in turn shapes air currents and rainfall,” wrote Umair Irfan in his article for the Vox. Dominica—which is working to become the world’s first climate-resilient nation and has built thousands of sustainable infrastructure in partnership with its government’s trusted developer, MMC Development Ltd.— is likely to suffer from economic losses if the situation underwater persists. “The warm waters also have an outsize effect on small island countries like Dominica, which are already front lines of the planet’s