Economic Impact on Canada of GHG Emissions, and a Closer Look at the Forest Industry, Coastal Areas, and Human Health

At the end of September, the National Round Table on the Environment and the Economy released the 4th report in its Climate Prosperity series. Paying the Price: the Economic Impacts of Climate Change for Canada warns that unless global greenhouse gas emissions are reduced and Canada invests in adaptation, the economic impacts of climate change on Canada could reach $5 billion per year by 2020, and between $21 and $43 billion per year by 2050. Because climate change impacts will differ by sector and by region, the report also considers adaptation strategies and provides estimates of economic impacts and cost-effectiveness of those strategies for three representative areas: timber supply, coastal areas and human health.  Economic impacts are measured in changes to GDP, but the report does not specifically measure impacts on employment. Read Paying the price: the economic impacts of climate change for Canada (168 pages) at:

http://nrtee-trnee.ca/wp-content/uploads/2011/09/paying-the-price.pdf (English) and http://nrtee-trnee.ca/wp-content/uploads/2011/09/prix-a-payer.pdf (French)

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