short supply

‘Incredibly destructive’: Canada’s Prairies to see devastating impact of climate change

‘Incredibly destructive’: Canada’s Prairies to see devastating impact of climate change

As the climate continues to warm at an alarming rate, experts warn if dramatic steps to mitigate global warming are not taken, the effects in Canada’s Prairie region will be devastating to the country’s agriculture sector. According to Environment and Climate Change Canada, the country is warming, on average, about double the global rate. Scientists with the National Oceanic and Atmospheric Administration in the U.S. recently found 2020 was earth’s second-hottest year on record, with the average land and ocean surface temperature across the globe at 0.98 of a degree C above the 20th-century average. However, the agency found the northern hemisphere saw its hottest year on record, at 1.28 degrees C above the average.

Can Wall Street help us find the true price of water?

Can Wall Street help us find the true price of water?

Despite the apparent abundance of water in Canada, she said, low prices mean the best-quality water in many regions — such as Southern Ontario groundwater — is in increasingly short supply and is being overused. Roy Brouwer, executive director of the Water Institute at the University of Waterloo, said that when he came to Canada from the Netherlands five years ago, he was surprised by the low price and wasteful misuse of water in this country.