Damage control

The report finds that climate change acts as an economic drag on Canada, potentially reducing GDP by 12% and household incomes by 18% by the end of the century. Low-income households are disproportionately affected, facing a potential 23% income loss. However, the document asserts that combining proactive adaptation measures with global emissions reductions can reduce total real GDP losses by 75%, with adaptation investments yielding a return of $13-$15 for every $1 spent.

• Climate change is projected to significantly reduce Canada's economic growth and household affordability, with GDP potentially falling by 12% and household incomes by 18% by the end of the century compared to a stable-climate scenario.
• Climate impacts disproportionately affect low-income households, who may see a 23% income loss by the end of the century in a high-emissions scenario, compared to a 19% loss for the median income group.
• Proactive adaptation and global emissions reductions can substantially mitigate economic losses, reducing Canada's total real GDP losses by 75% by the end of the century.
• Investing in adaptation measures provides a high return on investment, with every $1 spent today returning between $13 and $15 in direct and indirect benefits in the future.

APA

Canadian Climate Institute (2022). Damage control. https://climateinstitute.ca/reports/damage-control/

Chicago

Canadian Climate Institute. Damage control. 2022. https://climateinstitute.ca/reports/damage-control/.

Wikipedia

{{cite report |author=Canadian Climate Institute |title=Damage control |date=27 September 2022 |url=https://climateinstitute.ca/reports/damage-control/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{canadianclimateinstitute2022damage, author = {{Canadian Climate Institute}}, title = {{Damage control}}, institution = {Canadian Climate Institute}, year = {2022}, month = sep, url = {https://climateinstitute.ca/reports/damage-control/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }