Private investment needed to ramp up climate adaptations in infrastructure, report says

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The report by the Canadian Climate Institute says public funding isn’t enough to meet the investment needs for adapting Canadian infrastructure to climate change

A new report by the Canadian Climate Institute says private capital is needed to invest in climate adaptation infrastructure as extreme weather events like fires and floods become more acute by the year.

The report says the challenge is particularly acute for municipalities, which have limited resources and capacity to address the effects of climate change on Canada’s public infrastructure despite owning and operating almost two-thirds of it.

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