The latest IPCC report has again shed light on the risk to current and future prosperity posed by weather-related disasters and slow onset climate changes such as shifts in temperature and precipitation patterns. In Canada in the last five decades, the damage associated with weather-related storms alone has risen from tens of millions of dollars to billions of dollars annually. To reduce risks, Canada must do better at building resilience to the impacts of climate change. At the same time, Canada has made significant efforts to reduce carbon emissions to help stem future climate damage both at home and globally. Now, with a new emissions goal of net zero by 2050, Canada needs to better understand the many energy and technology pathways for achieving this goal. Clearly, the journey ahead is not straightforward and is fraught with uncertainty. Which policy options make sense from an economic and distributional perspective, and what are the trade-offs? Which sectors and regions are at risk, and what are the clean growth opportunities? Dave Sawyer and Renaud Gignac, both economists at the Canadian Institute for Climate Choices, will discuss emerging learnings from the Institute’s mitigation, adaptation, and clean growth research.
Presented By: Canadian Association for Business Economics
Thursday, October 21, 2021
1:00pm – 2:15pm EST