"To be crass about it – and maybe that’s what environmentalists should do – the financial punishment we inflict on ourselves by failing to reduce emissions translates to between $21 billion and $43 billion in lost economic activity for Canada by mid-century.
"That’s the financial price we’ll pay for global warming, calculated not by NGOs but Ottawa’s own National Roundtable on the Environment and the Economy. And that estimate is based on a modest degree of global warming.
"The cost of “catastrophic” global warming – the path we’re now on, without a truly substantial reduction in greenhouse-gas emissions – could be as high as 25 per cent of Canadian GDP."
Full article: Olive: Is Durban a tipping point for the world’s admiration of Canada?.
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