Max Puig says climate change impacts the Dominican economy with losses of 0.9% of GDP

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Max Puig says climate change impacts the Dominican economy with losses of 0.9% of GDP

The Dominican Republic faces a significant economic impact due to climate change, with annual losses that represent 0.9% of Gross Domestic Product (GDP) in transportation and housing infrastructure, according to Max Puig, vice-president of the National Council for Climate Change. Puig, citing data from the Central Bank and its Financial Stability Report, warned that in cases of extreme events, such as category 4 hurricanes, losses can rise to 10…