Building the Business Case for Natural Infrastructure

Flooding is a critical issue facing Canadian municipalities that will only become more challenging as we continue to experience the effects of climate change. A 2019 Council of Canadian Academies report quotes damage to physical infrastructure caused by extreme weather as Canada’s top risk and in 2019, for the first time in history, the Bank of Canada listed climate change as one of six vulnerabilities to Canada’s financial system. Considering that extreme weather, including floods, is Canada’s primary climate change risk, stormwater and flood management is an important strategy for enhancing our climate resiliency.

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