‘We’re already living in the future when it comes to climate disasters’: more funding needed to ensure feds’ climate adaptation strategy targets are achieved, say insurers and NDP

The National Adaptation Strategy, released on June 27, set out plans to make Canada more resilient to climate change across five areas: disaster resilience; health and well-being; nature and biodiversity; infrastructure; and the economy. Environment Minister Steven Guilbeault says 'we know we will need to invest more' to ensure targets are met.

Environment Minister Steven Guilbeault unveiled the federal government's National Adaptation Strategy on June 27. 'The insurance industry paid out $1.4-billion for a 20-minute hailstorm in Calgary, $1.6-billion might seem like a lot, but it is a pittance, given the need,' says IBC's Craig Stewart.The Hill Times photograph by Andrew Meade

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BY STEPHEN JEFFERY

July 10, 2023

The federal government’s climate resiliency and adaptation strategy has been welcomed by a major insurance industry association, but the targets must be adequately funded if Canada is to be sufficiently prepared for climate-related challenges.

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