Jan 23, 2013
By Julius Melnitzer
Financial Post, Legal Post
The U.S. National Climate Assessment and Development Advisory Committee has released a Draft Climate Assessment Report.
“It is expected that this report will shape the policy discourse for years to come, both in the US and Canada,” write Daniel Kirby, Jack Coop, Jennifer Fairfax and Patrick Welsh in a recent Osler Update. ”For Canadian businesses, the report may provide insight not only into future government policy but also the potential challenges and opportunities that may arise in the context of a changing climate.”
“The draft report focuses on the economic and health challenges that climate change will pose, and stresses that changes will need to be made in order to cope with extreme weather and climate events,” the Osler authors write. “The draft report also notes that climate change can present new economic opportunities for those who are able to recognize and overcome the challenges posed by climate change. Finally, the draft report acknowledges that the international context must be considered in any comprehensive climate change plan.”
“It is critical to note that the policy issues raised by the draft Report are not limited to ‘the environment’, but identify municipal (roads, bridges, storm drains), health (the spread of disease), leisure (lakes and rivers), and farming issues,” the Osler authors write.