Canada offers lesson in the economic toll of climate change

Wildfires are hurting many industries and could strain households across Canada, one of many countries reckoning with the impact of extreme weather, writes Lydia DePillis in the New York Times.


In a nutshell:

Canada's ongoing wildfires, which have already consumed 20 million acres and blanketed cities with smoke, are wreaking havoc on the economy. The fires have disrupted oil and gas operations, reduced timber harvests, impacted the tourism industry, and put a strain on the national health system. Previously, Canada seemed better positioned to handle climate change, but increasing volatility and extreme weather events are wiping out any potential gains. Experts predict that climate-related costs will mount to 25 billion Canadian dollars in 2025, with a loss of 500,000 jobs by mid-century. The economic impact of the current fires is yet to be determined, but it is expected to have a significant negative effect on Canada's economic growth.

Key quote:

“It’s come on faster than we thought, even informed people,” said Dave Sawyer, principal economist at the Canadian Climate Institute. “You couldn’t model this out if you tried. We’ve always been concerned about this escalation of damages, but seeing it happen is so stark.”

The big picture:

The Canada wildfires not only pose a threat to the economy but also have severe health implications. The smoke generated by the fires can lead to respiratory issues and exacerbate existing conditions such as asthma. Breathing in the polluted air can cause headaches and other discomforts, prompting experts to advise people to limit their time outdoors and improve indoor air quality. The long-term consequences of exposure to wildfire smoke, such as respiratory ailments and increased costs for smoke-related illnesses, are a growing concern as these catastrophic events become more frequent.

Read more at the New York Times.

An illustration of a house covered in a folded $100 bill

LA fire survivors got a rude surprise that could hit more Americans

Many home insurance policies don’t cover the full cost of rebuilding after a disaster, a problem that’s set to grow along with the impacts of climate change.

A view of a road in Alaska with an oil pipeline alongside it

Proposed surcharge on oil would help pay for responses to climate-related disasters in Alaska

A new bill proposes establishing a surcharge to help cover the mounting costs of Alaska disasters like landslides and floods.
A research ship with computers and crew
Credit: NOAA/Unsplash

High Seas Treaty takes effect, giving the open ocean real protection

The high seas used to be the wild west of the ocean, but a new treaty could finally bring oversight.
ship floating on ocean heading to ice burg

New map reveals landscape beneath Antarctica in unprecedented detail

Scientists believe the map could shed light on how Antarctica's vast ice sheet will respond to climate change.
The interior of a burned bulding

Homes that survived the 2025 L.A. fires are still contaminated

Testing of homes in communities surrounding the Eaton and Palisades fires has found dangerous levels of lead and asbestos — even after remediation.
Smiling people with signs marching in support of science.
Credit: Vlad Tchompalov/Unsplash

The state of science, one year on

How the Trump administration is redefining the way science is practiced and perceived in the United States.

EPA head Lee Zeldin at Turning Pint USA event
Credit: gage Skidmore/ https://www.flickr.com/photos/gageskidmore/ https://creativecommons.org/licenses/by-sa/2.0/

Three things to watch in EPA’s endangerment repeal

The agency is close to finalizing its rollback of the endangerment finding. Legal experts say its success could hinge on these details.
From our Newsroom
Multiple Houston-area oil and gas facilities that have violated pollution laws are seeking permit renewals

Multiple Houston-area oil and gas facilities that have violated pollution laws are seeking permit renewals

One facility has emitted cancer-causing chemicals into waterways at levels up to 520% higher than legal limits.

Regulators are underestimating health impacts from air pollution: Study

Regulators are underestimating health impacts from air pollution: Study

"The reality is, we are not exposed to one chemical at a time.”

Pennsylvania governor Josh Shapiro speaks with the state flag and American flag behind him.

Two years into his term, has Gov. Shapiro kept his promises to regulate Pennsylvania’s fracking industry?

A new report assesses the administration’s progress and makes new recommendations

silhouette of people holding hands by a lake at sunset

An open letter from EPA staff to the American public

“We cannot stand by and allow this to happen. We need to hold this administration accountable.”

wildfire retardants being sprayed by plane

New evidence links heavy metal pollution with wildfire retardants

“The chemical black box” that blankets wildfire-impacted areas is increasingly under scrutiny.

Stay informed: sign up for The Daily Climate newsletter
Top news on climate impacts, solutions, politics, drivers. Delivered to your inbox week days.