Climate Change to Significantly Impact Canada's GDP
New economic research suggests that climate change will have a more substantial impact on Canada's GDP than previously thought.
A study by Timothy Neal, senior lecturer at the University of New South Wales, estimates that the cost of inaction on greenhouse gas emissions could result in a 21% decline in Canada's GDP by 2070.
The cost of inaction to curb growing greenhouse gas emissions could mean a 21 per cent hit to Canada’s GDP by the end of 2070.
Previous models underestimated the impact of climate change, as they only considered direct effects of temperature and rainfall changes.
- Climate change driven by fossil fuel use could cause significant damage to GDP.
- Canada's GDP may decline by 21% by 2070 if greenhouse gas emissions are not addressed.
Author's summary: Climate change to hurt Canada's economy more than expected.
More News
- Pirates take down Panthers, to host Alamosa for league title Friday - The Pagosa Springs Sun
- Physician to Appeal Dismissal of Case Challenging Macalester College's Fatal Animal Experiments
- Lady Pirates ‘on the fence’ heading into regular season’s final tournament - The Pagosa Springs Sun
- Biofuels and ethanol key to the future of U.S. agriculture - High Plains Journal