Getting a Grip on Canada’s Top Climate Cost – Municipal Flooding

PRESS RELEASE April 17, 2024 Waterloo (Ontario) Getting a Grip on Canada’s Top Climate Cost – Municipal Flooding Ahead of the spring melt, Canadian municipalities now have a cost-effective and user-friendly “Check-Up” to assess and limit flood risk A new tool – the Municipal Flood Risk Check-Up – launched today by the University of Waterloo's Intact Centre on Climate Adaptation, will help Canadian. [...] “Identifying a full range of actions as part of their flood risk management toolbox is challenging for many communities - that is the gap the Check-Up is designed to fill.” While all levels of government have a role to play, municipalities are at the frontlines of flood risk management. [...] • By 2027, 80% of coastal communities and 60% of businesses located in coastal regions are implementing adaptation actions to increase climate resilience and reduce the economic impacts of climate change. [...] Support from multiple actors, including FCM, provincial and territorial municipal associations, standards organizations and insurers, will be critical to encourage widespread use of the Municipal Flood Risk Check-Up to really make on the ground change. [...] The Check-Up may also inform development of a system to incentivize community flood risk management actions as part of the National Flood Insurance Program, announced in federal Budget 2023.