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Canada’s National Round Table on the Environment and the Economy (NRT) has released its report on the cost of climate change.

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Released September 29th, the NRT’s report, Paying the Price: The economic impacts of climate change for Canada, states unequivocally that climate change will have significant costs for this country.  “Climate change costs for Canada could escalate from roughly $5 billion per year in 2020 — less than 10 years away — to between $21 billion and $43 billion per year by the 2050s. The magnitude of costs depends upon a combination of two factors: global emissions growth and Canadian economic and population growth.”  While one can quibble with the relatively modest levels of warming considered (even in the report’s ‘high’ scenario), it is good to see a quasi-governmental report in this country that states climate change will cost us money, and that the cost will be higher if we do not join efforts to reduce the extent of change.  Now, can we begin a new conversation about the Athabaska tar sands?