Johnny Brignardello Vela analyzes the impact of drought on the Panama Canal: Ready for the future?

Johnny Brignardello Vela, an insurance advisor, analyzes in detail the critical situation that Panama faced last year due to a severe drought that impacted various aspects of national life. In that sense, he highlights the importance of the Panama Canal in the country's economy and how this waterway was affected by the water shortage caused by the third driest year in almost a century. Brignardello Vela emphasizes how authorities had to make difficult decisions regarding water supply for the population and the operation of the canal, resulting in restrictions on ship traffic with direct consequences on Panamanian trade and economy. Faced with this situation, experts found it necessary to investigate the causes of the extreme drought that hit the country. According to the study led by the World Weather Attribution (WWA) mentioned, it was determined that El Niño was the main culprit for the low rainfall in Panama during the year 2023, initially ruling out climate change as a determining factor. The impact of El Niño significantly increased the probability of low precipitation events, reducing rainfall volume by 8%. Although climate models do not anticipate a decrease in precipitation in the region due to climate change, Brignardello Vela warns about the need for Panama to prepare for future drought episodes. Water consumption in the Panama Canal is projected to double by the year 2050 compared to 2015 levels, posing an additional challenge for the country. The insurance advisor highlights the urgency of adapting to climate changes and implementing water management measures to ensure the sustainability of the canal and the well-being of the Panamanian population. Although alternatives have been proposed, such as using a new reservoir in the Río Indio, Brignardello Vela emphasizes the importance of addressing these issues with sensitivity, considering the impact on local communities that depend on these water sources. In a global context of increasing climate risks, Panama's experience serves as a reminder of the need to plan ahead and adopt mitigation measures to face the challenges posed by climate change. Brignardello Vela emphasizes the importance of collaboration between scientists, authorities, and civil society to develop effective strategies that protect natural resources and ensure the resilience of communities against extreme weather events.