The economy of Newfoundland and Labrador (NL) and the lifestyle of its residents have always been deeply connected to the land and ocean, and the natural resources that abound from them. From agriculture and fisheries, mining and energy generation, to tourism, the arts, and the activities of everyday life, we have built systems and narratives that rely on a stable climate and healthy ecosystems to function optimally.
The reality is that we have entered a period of climate instability and what has worked for us in the past is now experiencing vulnerability and strain. Climate change is actively shifting our baseline and we must reframe our decision-making accordingly. We must consider more factors, ask ourselves new questions, and look further ahead than we may have before. Incomplete analysis and short-sightedness at this point in history may not only lead to poor investment outcomes, but even risk to life.
As decision makers invest into economic development initiatives in the province, it is therefore important to consider how the changing climate will impact proposed plans. This discussion paper aims to illustrate the connections between climate change and economic development in NL so that we can move forward in a way that minimizes risk and maximizes benefits for all.
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