Climate change could affect Canadian GDP more than pandemic | Investment Executive: Canada will be more than $100 billion poorer by 2050 if the
world doesn’t work harder to fight climate change, says one of the
world’s largest insurers.

That anticipated drop in gross domestic product (GDP) is much higher
than the economic effect that the Covid-19 pandemic is projected to have
on the country’s GDP, said Jerome Haegeli, chief economist for Swiss
Re, a multinational corporation that insures insurance companies, large
corporations and governments.

“That’s huge,” Haegeli said from Zurich on Thursday.

Swiss Re looked at 48 countries, as well as North America and the
European Union as a whole, to try to assess the economic effects of
climate change under different scenarios.

Climate change could affect Canadian GDP more than pandemic | Investment Executive: Canada will be more than $100 billion poorer by 2050 if the
world doesn’t work harder to fight climate change, says one of the
world’s largest insurers.That anticipated drop in gross domestic product (GDP) is much higher
than the economic effect that the Covid-19 pandemic is projected to have
on the country’s GDP, said Jerome Haegeli, chief economist for Swiss
Re, a multinational corporation that insures insurance companies, large
corporations and governments.“That’s huge,” Haegeli said from Zurich on Thursday.Swiss Re looked at 48 countries, as well as North America and the
European Union as a whole, to try to assess the economic effects of
climate change under different scenarios.Read More