Global greenhouse gas emissions and Canadian GDP
This report examines the long-term impact on the Canadian economy of changing weather patterns due to climate change.
Our analysis shows that climate change has—and will continue—to negatively impact the Canadian economy. We estimate that recent increases in temperature and precipitation combined with future changes in weather patterns will reduce Canada’s real GDP by 5.8 per cent in 2100.
Our baseline climate scenario is predicated on countries following through on their global climate commitments. If climate polices remain closer to the status quo, the long-term impact of climate change on the Canadian economy will be larger.
Parliamentary Budget Officer