OTTAWA — Canadians will see lower incomes and a choice between higher taxes or fewer government services if there isn't more effort to adapt to the changi
OTTAWA — Canadians will see lower incomes and a choice between higher taxes or fewer government services if there isn’t more effort to adapt to the changing climate, a new report from The Canadian Climate Institute warns.
In its analysis, called Damage Control, the institute looked at projected economic growth and analyzed the impact of different scenarios based on how many greenhouse gas emissions are eliminated and what we do to prepare for more-frequent severe weather. The analysis estimates that Canada is already looking at annual disaster recovery bills of $5 billion by 2025 and $17 billion by 2050, regardless of how well Canada and the rest of the world do at cutting emissions.
In the last week, Atlantic Canada was hit by the worst hurricane it has ever seen, and Canadians in parts of Ontario and western Quebec are still recovering after a derecho pummelled the region with multiple tornadoes and downbursts bringing winds up to 190 km/h in May. If we do nothing more to adapt in anticipation of more severe weather, it says, the economy will take a $25 billion hit in 2025, rising to between $78 billion and $101 billion by 2050.
The report suggests that for every $1 invested in adaptation, governments and businesses can save $5 to $6 in direct damage costs, and another $6 to $10 in economic benefits, such as avoiding work stoppages or productivity slowdowns.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ottawa to officially lift border COVID-19 mandates, mandatory use of ArriveCAN - National | Globalnews.caThe change of COVID-19 rules at Canada's borders will mean foreign nationals will no longer require an approved series of vaccinations to enter the country.
Read more »
Ottawa rally held in support of Iranians protesting oppression\u0022The way she died. Like, innocent ... and the brutality of it. I can\u0027t describe it. It makes my head just blow.\u0022
Read more »
Ottawa to drop remaining COVID-19 vaccine, mask mandates starting Oct. 1Effective Oct. 1, travellers will no longer be required to wear masks on planes or trains or use the ArriveCan app
Read more »
Evening Update: Fiona recovery efforts begins; Ottawa to drop remaining COVID-19 mandatesAlso inside: Globe and Mail reporters have stories from Ukraine, China and Taiwan
Read more »
'I felt scared,' Ottawa teen tells court about St. Matt's teacher’s advancesWhen the young girls at St. Matthew Catholic High School wanted help in math class, disgraced teacher Rick Despatie
Read more »
Ottawa police looking to speak to bus passengers who may have witnessed incidentOttawa police are asking to speak to anyone who was on OC Transpo bus number 4777 on Route 14 from Tunney's Pasture at around 10:21 p.m. on Sept. 15.
Read more »