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Canadian economy will lose billions climate change: report

2014-04-14 23:43:00| Climate Ark Climate Change & Global Warming Newsfeed

Toronto Star: A new report on the financial implications of climate change notes that while natural catastrophes are estimated to cost Canadians $21-$43 billion per year by 2050, popular economic measures like GDP fail to capture the escalation, discouraging preventative investment. The TD report follows a recent and alarming warning by the United Nations Intergovernmental Panel on Climate Change that governments are ill-prepared for a warming world. If action is not immediately taken, the UN report projected...

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