Le Lézard
Classified in: Environment
Subjects: PSF, ENI, CFG, NAT

Government of Canada announces funding for research project to improve Canada's resilience to flooding


OTTAWA, ON, Nov. 23, 2022 /CNW/ - Climate change is having a direct impact on natural disasters, including flooding, increasing the scale, frequency, and unpredictability of these events. That is why the Government of Canada is making investments to strengthen Canada's resilience to climate change and reduce the impact of flooding on our communities.

Today, the Honourable Bill Blair, President of the King's Privy Council for Canada and Minister of Emergency Preparedness, announced new federal funding of over $585,000 for a research project led by l'Université du Québec à Montréal (UQAM) that will examine how much flooding will cost in the future and how public policy can contribute to Canada's resilience to climate change.

This project, completed in partnership with the Insurance Bureau of Canada (IBC), the Université Laval and the University of Waterloo, builds on other work, including the interdisciplinary Task Force on Flood Insurance and Relocation's report Adapting to Rising Flood Risk: An Analysis of Insurance Solutions for Canada, which provides the evidence and information required to support decision-making and the way forward on a national flood insurance program, with special considerations for potential strategic relocation of those in higher-risk areas.

The Government of Canada will continue to help Canadians whose jobs and lives are affected when disasters strike, help communities prepare for the realities of increased climate-related risks and disasters and ultimately, increase the country's resiliency to the impacts of flooding.

Quotes

"Flooding, and the risk of repeat flooding, can have a significant impact on our sense of security. As climate change increases the frequency of flooding across the country, Canadians deserve access to financial protection. This research project will support our government's goal to increase flood resilience by using science-based solutions, and I'm grateful for the leadership of these three institutions and the Insurance Bureau of Canada in improving flood risk management."

"Canada is warming at twice the global rate and up to three times the global average in the North. Adaptation is about being better prepared to respond to and recover from climate change-related events, reducing the impacts on Canadians and communities. The choices and adaptation actions we take today will help decide the future of our communities, our livelihoods, the environment, and the economy."

"A pioneer in environmental sciences and climate change risk analysis, the Université du Québec à Montréal is proud to be involved with this partnership for the future. Bringing together experts, research professors, and practitioners, this major project will help identify concrete solutions in order to reduce the financial risks arising from flooding, which often translate into individual, social, and territorial disasters."

"Costing of flood risk across Canada is essential to developing and prioritizing measures to reduce that risk. IBC is pleased to partner with Public Safety Canada to support UQAM in this important research and to expand on the costing work undertaken for the Task Force on Flood Insurance and Relocation. In an era where these risks are being amplified by a changing climate, this is a challenging task, but UQAM have demonstrated they are equal to it."

"Rooted in the boundary between actuarial and climate sciences, this research will help develop the mathematical tools needed to quantify the impacts of climate change on the financial management of flooding. In collaboration with the Université Laval and the University of Waterloo, the project will help develop leaders in actuarial science, risk management, and public policy design. The ultimate objective is to strengthen Canadians' resilience to climate change."

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SOURCE Public Safety and Emergency Preparedness Canada


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News published on 23 november 2022 at 09:18 and distributed by: