Climate change will hurt Canada's GDP more than previously thought

Climate Change to Significantly Impact Canada's GDP

New economic research suggests that climate change will have a more substantial impact on Canada's GDP than previously thought.

A recent study by Timothy Neal, senior lecturer at the University of New South Wales, estimates that the cost of inaction on greenhouse gas emissions could result in a 21% decline in Canada's GDP by 2070.

The cost of inaction to curb growing greenhouse gas emissions could mean a 21 per cent hit to Canada’s GDP by the end of 2070.

Previous models underestimated the impact of climate change, as they only considered direct effects of temperature and rainfall changes, overlooking broader economic consequences.

Author's summary: Climate change to hurt Canada's economy more than expected.

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Canada's National Observer Canada's National Observer — 2025-10-29

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