Much of the promised money is for infrastructure meant to protect Canada from fires and floods, which are expected to be more frequent on a warmer planet and to repair damage after disasters. The strategy includes $164.2 million for flood-mapping, $69.9 million for a new national climate-science assessment and $59.5 million for better building codes and standards. (The Logic)
Talking point: Emergency Preparedness Minister Bill Blair released the adaptation strategy in Prince Edward Island, which is estimated to have suffered over $220 million in insured damage alone from Hurricane Fiona this year, or about $1,300 per resident. Upgrading buildings and infrastructure to withstand more damaging conditions is a multibillion-dollar effort. Good information is key to mobilizing private money to meet the challenge, whether it’s to improve companies’ own resilience or to get investors behind projects that avert damage.