“Unfortunately, at only 1.6 per cent of global GHG emissions, Canada
cannot achieve a measurable impact on global temperatures, even if
it met the latest UN Intergovernmental Panel on Climate Change target,
which would devastate our economy.”
Why should Canada fight climate change? Finally, someone proclaimed an obvious truth that few dare to utter publicly. According to Moody’s Analytics, Canada will benefit from climate change. Although it will shock many, this forecast should surprise no one.
Canada is a very large, cold country, with 90 per cent of its population huddled within 100 miles of its southern border and an enormous agricultural potential if the land warms up. There will also be new opportunities for oil, gas and mineral development in the Arctic. And let’s not ignore the greater personal comfort of living in a more hospitable climate.
According to a CBC story about Moody’s study, “when all the changes to things like tourism demand, crop yields and the growing season are factored in, there’s a slight net positive.” Continue Reading →