How are you sitting?
2013 was the worst year ever in terms of insurance losses from extreme weather in Canada: torrential rains and flooding caused over $1.7 billion in insured damage in Alberta while flash floods in Toronto cost $940 million in payouts. But with over $5 billion of damages each, the 2001/02 coast-to-coast drought and the 1998 ice storms are the most expensive disasters in Canadian history. So extreme weather events associated with climate change are already impacting Canada and are expected to intensify in coming years. Clearly, Canada is highly exposed to the impacts of climate change and yet it ranks low in terms of vulnerability. How can this be?
Developing Countries Disproportionately Impacted
When looking at climate change vulnerability we must consider not only exposure but also sensitivity and the ability to adapt to those consequences. While Canada is increasingly experiencing these impacts, like most rich and developed countries it has…
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