For Immediate Release
October 16, 2024
econext has released a discussion paper which connects the dots between climate change adaptation and economic development in Newfoundland and Labrador.
“As we make investments into the economies of our regions and our communities, the impacts of climate change need to be a key consideration,” says Kieran Hanley, econext‘s CEO. “Generally speaking, in the future our climate is going to be warmer, wetter, and stormier – and that might change how we think about economic development projects.”
“As an example, we might not want to invest into an energy retrofit of an old community centre if that same building is in great danger of being damaged by future flooding.” Hanley said that, while this might seem obvious, oftentimes these risks would not be picked up on without deliberately thinking about climate change early in the process. “Conversely, changing weather conditions might make a region more friendly to certain types of agriculture that seemed far-fetched in the past.”
“What we are trying to do with this discussion paper is outline some of the considerations that economic developers should be thinking about as they plan and support projects,” said Hanley. “The paper looks at this through an NL-specific lens and focuses on sectors – like tourism and public infrastructure – that those involved in economic development in our province often are engaged in.”
The discussion paper can be downloaded here.
In 2024 econext and its partner CLIMAtlantic produced a series of infographics to better articulate the expected impacts that communities in Newfoundland and Labrador are expected to experience due to climate change.
Hanley said that econext has resources to help communities and economic developers better understand climate change and the challenges – and opportunities – that come with it. “We can help provide you with the the information and resources to put you on the right path. Get in touch.”
About econext
econext is a not-for-profit association with a mission to accelerate clean growth in Newfoundland and Labrador by: (1) stimulating research, development, and innovation; (2) preparing its workforce for a greening economy; and (3) acting as a catalyst for climate change action within its industries, businesses, and communities.
econext has been working for over 30 years on behalf of its members across many sectors to support environmentally sustainable economic development. More information can be found at https://econext.ca.
Our newsletter is the #1 source of information on news, events, and projects relevant to Newfoundland and Labrador's clean growth priorities.
