Greater investment in climate adaption needed: report

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A new report from the Canadian Climate Institute outlines how climate change is already harming the nation’s economy. Adaptation is critical to mitigating the economic damage of the climate crisis, it argues — every $1 spent means $13-$15 in benefits.

Prime Minister Justin Trudeau tours the damage caused by post-tropical storm Fiona in Port aux Basques, N.L., on Sept. 28, 2022. , expected to be released later this fall, a new report from the Canadian Climate Institute outlines how climate change is already detrimentally impacting the nation’s economy.

“We’re still waiting to see how serious the government is about adaptation,” said Sarah Miller, one of the report’s co-authors. “There are major returns on investment from adaptation, but we need to make these investments now to see the benefits.”

 

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