Mr. Speaker, we are living the effects of climate change. There are real effects on people and real effects on our economy.
Last year, in British Columbia, we had a series of catastrophic wildfires, one of which burned down the town of Lytton. At the same time, a heat dome brought temperatures in the high 40s to southern B.C., killing over 600 people in metro Vancouver.
That fall, an atmospheric river destroyed every highway connecting the southern B.C. coast with the rest of Canada, and some of those highways have only now just been reopened. Floods devastated the towns of Princeton and Merritt, numerous first nations communities and some of the best agricultural lands in the province.
The true costs of those events have yet to be calculated, but the federal government has pledged $5 billion in support to British Columbia to help communities rebuild. This year, B.C. has largely been spared, but this spring, it got a storm track, which is now called a derecho. We have had to learn a whole new taxonomy of climate disasters. It caused almost a billion dollars in insured damage losses to parts of Ontario and Quebec.
Then in the fall, hurricane Fiona became the strongest hurricane to make landfall ever in Atlantic Canada. Houses were washed out to sea and lives were lost. Again, the federal government has promised aid to the tune of over $300 million.
The Canadian Climate Institute reported in September that the impacts of climate change will slow Canada’s economic growth by $25 billion annually by 2025. That is half of the projected GDP growth in 2025 and 12 times all insured weather-related losses in Canada in 2021. Those impacts will increase to almost $100 billion annually by 2050.
My question to the Minister of Environment and Climate Change, the question that triggered this adjournment debate, was based on that report. The Canadian Climate Institute report also found that proactive measures that help communities and Canadians adapt to climate change could reduce the impact of climate disasters. In fact, the report notes that a combination of global emissions reductions and Canadian adaptation measures could reduce the negative impacts by 75%.
Shortly after I asked this question, the government tabled its national adaptation strategy. The strategy included $1.6 billion in new funding to broadly address climate adaptation. About a third of that amount is to top up the disaster mitigation and adaptation fund. That fund has been chronically underfunded and oversubscribed. Many communities trying to rebuild after fires and floods do not get the help they need.
Will the government stop subsidizing the fossil fuel industry and redirect those billions of dollars to help communities prepare for climate change?
We will save many times that investment by reducing the direct impacts of extreme weather on Canadian communities, and more importantly, reduce the tragic consequences of these climate disasters on the lives and livelihoods of Canadian families.