The Economic Impacts of Climate Change for Canada

From the National Round Table on the Environment and the Economy (NRT):

"Climate change could be expensive for Canada. Unless global greenhouse gas (GHG) emissions are brought down and Canada invests in adaptation, the economic impacts of climate change on Canada could climb to billions of dollars per year.

Those are the conclusions of a new report of the National Round Table on the Environment and the Economy called Paying the Price: The Economic Impacts of Climate Change for Canada. This is the first national-level study assessing the economic impacts of climate change on Canada.

We found that the costs of impacts could range from $5 billion per year in 2020 to between $21 billion and $43 billion per year in 2050, depending on global greenhouse gas emissions and domestic economic and population growth. There are also risks that costs could be much higher – for example, there is a 5% chance of costs exceeding $91B per year in the 2050s with high climate change and rapid socioeconomic development".

More about the report here.