Climate Proof Canada Statement following the Federal Budget

New investments to protect Canadians from flooding announced; plus recommitment to key investments in support of the National Adaptation Strategy

OTTAWA, ON, March 28, 2023 /CNW/ - Climate Proof Canada is encouraged to see new investments to better protect and inform Canadians at highest risk of flooding and modernize federal disaster assistance to better adapt to climate change, as announced today in the federal budget. The federal government has again demonstrated its commitment to combat climate change playing both offence, with new clean economy measures, and defence, to address severe flooding risks and rethink the federal response to increasing climate-related disasters.

Every community across Canada is at heightened risk of natural catastrophes and more must be done to protect our communities. Severe weather in 2022 caused $3.1 billion in insured damage alone making it in the top three worst years on record for insured damages in Canadian history.

Climate Proof Canada has supported the federal government's intergovernmental dialogue with provincial, territorial and Indigenous governments and organizations to finalize the National Adaptation Strategy in the coming weeks. Today's budget builds on the National Adaptation Strategy by:

• Investing in launching a new approach to climate-related disasters, in partnership with provinces and territories, beginning with standing-up a national flood insurance program for those at highest risk is an important next step for advancing the National Adaptation Strategy. Improving Canadians' understanding of the risks their homes face from flooding is necessary to better protecting our communities.
• The commitment to modernizing the Disaster Financial Assistance Arrangements (DFAA) program backed by financial support to undertake the process is a much-needed step that will improve the way programs are delivered in the face of increasing frequency and severity of natural catastrophes.
• Climate Proof Canada also acknowledges the additional measures to support restoration of key waterways and better protection of freshwater across the country.

Now more than ever, there needs to be a focused effort on the part of the federal government to finalize and fund implementation of the National Adaptation Strategy, such that we make tangible progress toward the targets set out, and better prepare for the present and growing effects of climate change through building a more disaster-resilient country.

Climate Proof Canada looks forward to working with the federal government to support this critical undertaking.

Climate Proof Canada is a national coalition of Canadian business representatives, disaster relief organizations, municipalities, Indigenous organizations, environmental NGOs, and think tanks that believe Canada must prepare for the present and growing effects of climate change through building a more disaster-resilient country.

About Climate Proof Canada

Climate Proof Canada is an unprecedented coalition of insurance industry representatives, disaster relief organizations, municipalities, Indigenous organizations, environmental NGOs and university-based thought leaders. This coalition believes that Canada must prepare for the present and growing effects of climate change through building a more disaster-resilient country.

For more information, visit Climate Proof Canada.

Climate Proof Canada Coalition Members

INSURANCE INDUSTRY Aon Aviva Definity Desjardins Canadian Association of Mutual Insurance Companies Co-operators Insurance Brokers' Association of Canada Insurance Bureau of Canada Intact Financial Corporation Property and Casualty Insurance Compensation Corporation Sun Life Financial TD Insurance Travelers Wawanesa Zurich Canada   MUNICIPALITIES Federation of Canadian Municipalities Great Lakes and Saint Lawrence Cities Initiative   INDIGENOUS ORGANIZATIONS Métis National Council

DISASTER RELIEF ORGANIZATIONS Canadian Red Cross   PRIVATE SECTOR Canadian Chamber of Commerce Forest Products Association of Canada Genesis Resiliency Surrey Board of Trade   PROVINCIAL ORGANIZATIONS Conservation Ontario   ENVIRONMENTAL NGOs AND RESEARCH ORGANIZATIONS Canadian Association of Physicians for the Environment Institute for Catastrophic Loss Reduction Intact Centre for Climate Adaptation International Institute for Sustainable Development Smart Prosperity Institute The Pembina Institute

SOURCE Climate Proof Canada

For more information or to coordinate an interview with an expert from Climate Proof Canada please contact: Climate Proof Canada , Media Relations, [email protected]