Ontario could save $1.1B a year if it adapts public infrastructure for climate change
Report estimates climate hazards could add $4.1B each year if governments don't adapt
The dangers of a changing climate could add more than $4 billion per year to the cost of maintaining Ontario's public infrastructure over the rest of the century, the province's financial watchdog said Wednesday.
But the report from the Financial Accountability Office of Ontario said the province and municipalities can cut those costs by proactively making hospitals, schools, stormwater pipes and other public infrastructure more resilient to extreme heat and rainfall.
The summary report is the culmination of four years of work at the FAO to estimate the budgetary impacts of changing climate hazards on Ontario's public infrastructure.
Read more: https://www-cbc-ca.cdn.ampproject.org/c/s/www.cbc.ca/amp/1.7036239