Reef Degradation and Tourism:The macroeconomic costs of climate change on Bonaire

This paper studies the macroeconomic consequences of climate-induced reef degradation for Bonaire. Bonaire’s coral reefs progressively face the unavoidable reality of climate change, with its effects increasing in severity. Degradation of the island’s reef ecosystems may affect annual tourism arrivals as the reefs form one of the main attractions for visitors to Bonaire. Consequently, the industries that rely on tourist expenditures will suffer and thus the local economy. Coral reef-based tourism creates a unique opportunity to investigate the impacts of global warming on the macro¬economic pe... Mehr ...