Water Risk Could Cost Canadian Economy $139B in Next 30 Years

Manufacturing and distributing will be hit hardest, according to a new climate-based analysis.

• The report, titled Aquanomics, was published by GHD, a global engineering and architecture services firm. The report predicts manufacturing and distribution will take the biggest hit from water-related climate disasters between now and 2050 — an estimated $64 billion in losses, while droughts can restrict industrial production, floods and storms cause direct damage to buildings and machinery, or take out power supplies, forcing factories into silence.

• Retail and fast-moving consumer goods — heavily reliant on water-related infrastructure, and extremely exposed in the event of damage to supply routes — will be the second-most affected economic sector, with losses estimated to be around $26 billion between 2022 and 2050.

Source: https://www-cbc-ca.cdn.ampproject.org/c/s/www.cbc.ca/amp/1.6565523