The GDP Costs of Climate Change for Canada

The Canadian Climate Institute's research indicates that climate change acts as a continuous drag on Canada's GDP, with cumulative losses estimated at $25 billion by 2025 and potentially up to $103 billion by 2055. The study highlights that low-income households are disproportionately affected and that proactive adaptation can save $13-$15 for every dollar spent, potentially cutting climate costs in half.

• Climate change creates a cumulative drag on the Canadian economy rather than just periodic shocks, with GDP estimated to be $25 billion lower by 2025 than if global warming had stabilized in 2015.
• The economic costs are projected to increase over time, with GDP losses reaching $35 billion by 2030 and between $80 billion and $103 billion by 2055.

APA

Canadian Climate Institute (2022). The GDP Costs of Climate Change for Canada. https://climateinstitute.ca/the-gdp-costs-of-climate-change-for-canada/

Chicago

Canadian Climate Institute. The GDP Costs of Climate Change for Canada. 2022. https://climateinstitute.ca/the-gdp-costs-of-climate-change-for-canada/.

Wikipedia

{{cite report |author=Canadian Climate Institute |title=The GDP Costs of Climate Change for Canada |date=28 October 2022 |url=https://climateinstitute.ca/the-gdp-costs-of-climate-change-for-canada/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{canadianclimateinstitute2022gdp, author = {{Canadian Climate Institute}}, title = {{The GDP Costs of Climate Change for Canada}}, institution = {Canadian Climate Institute}, year = {2022}, month = oct, url = {https://climateinstitute.ca/the-gdp-costs-of-climate-change-for-canada/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }