Disappearance of Cape Kolka Just One of Climate Risks Facing Latvia

The widely discussed disappearance of Cape Kolka in the Baltic Sea waves a few weeks ago is only a small part of the climate change risks that Latvia will face in the new millennium. Climate change has already had a significant impact on the global economy, both positive and negative. TVNET Bizness explains what to expect in Latvia.

Researchers note that the erosion of Cape Kolka is nothing new—changes in the coastline are well known to experts. The loss of coastal territories has become a serious problem for both the state and private owners, whose land area is shrinking and the sea is approaching buildings. However, this is not all—due to climate change, additional expenses are being incurred in various areas.