(CS8-FR) The Upside of Climate Change Impacts: New Markets for Adaptation Goods and Services (Oral presentation)
Moderator: Neil MacEachern
Presenters: Jimena Eyzaguirre, Natalie Moudrak, Fiona Warren and Marie-Caroline Badjeck
To prepare for changing climate conditions and related risks, firms and countries around the world will have to enhance their climate resilience through adaptation. Countries that invest in building climate resilience and enabling growth in adaptation markets domestically could be at an advantage as a global supplier of adaptation and climate resilience goods and services (ACRGS).
The session will open with a short set of panel presenters to share insights on the rising and projected costs of extreme weather events and climate change impacts, in Canada and globally, and on the costs and benefits of investing in adaptation. As finance is often a barrier to action, the panel will also touch on innovative financial instruments to pay for adaptation. A final presenter will examine the opportunities for Canadian firms to supply ACRGS to international markets, based on scoping research focused on forestry and forest products, coastal infrastructure, ocean technologies and water and wastewater. To conclude, an interactive panel discussion will explore challenges and opportunities in the emerging adaptation economy.