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

Ontario Creates ‘Innovation Wasteland’ with Latest Renewables Rollback, Critic Warns – The Energy Mix: “It’s almost like dealing with a government that has an allergy to renewable energy, but it’s more than that,” Winfield told The Energy Mix.
“This is a program of extermination, for lack of a better way of
describing it. They’re going through the last vestiges of the [former]
Green Energy Act that facilitate renewables in the province and
systematically eliminating them. Other than in ideological terms, it
doesn’t make any sense.”

“Doug Ford’s government continues to demonstrate evidence-free
decision-making,” agreed Greenpeace Canada Senior Energy Strategist
Keith Stewart. “Renewable energy was always the cleanest form of power,
but in the last few years it has become the cheapest form of new
generation. We should be welcoming it into the mix, not strangling it
with red tape.”

Ontario Creates ‘Innovation Wasteland’ with Latest Renewables Rollback, Critic Warns – The Energy Mix: “It’s almost like dealing with a government that has an allergy to renewable energy, but it’s more than that,” Winfield told The Energy Mix.
“This is a program of extermination, for lack of a better way of
describing it. They’re going through the last vestiges of the [former]
Green Energy Act that facilitate renewables in the province and
systematically eliminating them. Other than in ideological terms, it
doesn’t make any sense.”“Doug Ford’s government continues to demonstrate evidence-free
decision-making,” agreed Greenpeace Canada Senior Energy Strategist
Keith Stewart. “Renewable energy was always the cleanest form of power,
but in the last few years it has become the cheapest form of new
generation. We should be welcoming it into the mix, not strangling it
with red tape.”Read More