The report from the consulting firm also says the world is likely to see greater temperature increases than just 1 C. It found that emerging economies with warmer climates are likely to be worse off compared to larger, industrialized economies in cooler climates. Meanwhile, new research from the federal Treasury Board says Canada’s buildings, coastlines and northern communities are most vulnerable to the risks of climate change. (CBC)

Talking point: Today’s report is the latest attempt to analyze what the economic impacts of climate change will be on Canada. In April, a report from Environment and Climate Change Canada found that Canada is warming at twice the rate of the rest of the world. An analysis done by non-profit CDP found that some of the world’s biggest companies anticipate that climate change will harm their bottom lines in the next five years. And, my colleague Catherine reported in June that some of Canada’s largest companies are making greater efforts to invest sustainably due to climate change concerns.