18 September 2018 13:30
Photo : Freepik
A study made jointly by the insurance Bureau of Canada (IBC), the Centre Intact adaptation to the climate and the International Institute for Sustainable Development (IISD) suggests that for communities to use infrastructure natural in order to limit the risk of flooding.
“Nature conservation and climate resilience can go hand in hand, argues Craig Stewart, vice-president, federal affairs, IBC. This report stresses that the risk of flooding of coastal and inland can be reduced by maintaining and restoring the infrastructure of natural, such as wetlands and coastal marshes, and that the return of investment on infrastructure, natural can sometimes exceed that of the built infrastructure such as dams and dikes. “
Transition to private insurers
The BAC stresses that products covering the owners against the floods came on the market in 2016. However, this is the continuation of decades of support to economic losses by the taxpayers and the government.
The organization also mentions the transition of this responsibility to private insurers. Currently, for every dollar taken in charge by the insurers in Canada, three to four dollars are absorbed by governments and the owners of the house and business.
“The benefits arising from extreme weather have more than doubled every five or ten years since the 80’s. The risk of flooding of coastal and inland increase across the country in the wake of extreme weather events caused by climate change. Insurance companies are first in line to help Canadians face the impacts of climate change, and have contributed more than $ 1.5 billion in the last 12 months only. “
Assess the infrastructure of natural
The group pushes the communities to assess the infrastructure on the natural feature and siting of a project to use them in order to reduce the risk of flooding, including identifying climate risks and land use in the watersheds in which they are exposed.
Furthermore, it is suggested to guide infrastructure solutions for natural and man-made to those that can generate earnings, and to evaluate the feasibility of the implementation of the project.
“Infrastructure natural, such as wetlands, inland or coastal, are not mere decorations ; they restrict the risks of flooding and the downstream rejection of the pollutants, while supporting biodiversity. In response, everything must be implemented to maintain and restore the infrastructure and natural today, if we want to avoid economic losses, social and environmental unreasonable tomorrow, ” says Dr. Blair Felmate, director of the Center Intact in climate adaptation.