Forgot your account information?  |  Create a CME account

Global warming could cost Canada billions

Published by Steve Coleman on September 29, 2011

An environmental advisory group is warning Canadians to warm up to the effects of global warming before they arrive.

The report, prepared by the National Round Table on the Environment and the Economy, predicts Canadians will be paying billions of dollars in 40 years to compensate for the effects of global warming if they don't start preparing now.

While Canadians contribute about 1.5 per cent of the annual totals of greenhouse gases released every year, the country will get an equal share of the problems - especially at the economic level unless Canada starts adapting before the worst of it arrives.

Economic modelling compiled by NRT says the Canadian economy could be paying $5 billion a year in 2020 because of global warming. The impact could be between $21 and $43 billion annually by 2050.

The group has released an online copy of its full report.

Found in: news

National Office

Alberta British Columbia
Manitoba New Brunswick
Newfoundland & Labrador Nova Scotia
Ontario Québec
Prince Edward Island Saskatchewan