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Economic Tools to Advance Adaptation

Economic Tools to Advance Adaptation (ETAA)

Helping municipalities use innovative economic tools and instruments to advance adaptation.

Municipalities face an increasingly uncertain climate future, with unpredictable disturbances threatening to overwhelm budgets and disrupt critical services. By understanding and applying tools locally such as the Cost of Doing Nothing (CODN) toolbox or the N-ZAP’s Climate-Related Financial Disclosure Guide, participating municipalities will gain a better understanding of the financial consequences of climate change, make proactive data-driven decisions, and strengthen their ability to build resilience.

About the Project

Through the ETAA project, municipalities, stakeholders, and industry experts are collaboratively working on a series of activities designed to test existing economic tools and instruments, develop knowledge in applying these tools, identify gaps in knowledge and tools, and scope out new solutions to address these gaps. Through these activities, the project aims to:

  • Enhance understanding of the economic impacts of climate change and the effectiveness of adaptation measures;
  • Refine and expand the application of economic tools to assess and address these impacts; and,
  • Build local capacity in municipalities to integrate economic insights into adaptation action.

Participating Municipalities

Participating municipalities are engaged in one-on-one meetings and group sessions and have access to expert guidance from leaders in the field of adaptation. Participating municipalities are also working with ICLEI Canada to apply innovative tools—such as the Cost of Doing Nothing (CODN) report—tailored to climate hazards and risks specific to their communities. Ultimately, this collaboration will help municipalities identify knowledge gaps and develop strategies to address them with support from ICLEI staff.

Steering Committee

The ETAA Steering Committee consists of subject matter experts and leaders from the financial service community, including investment management firms, insurance companies, and public and private sector organizations investing in resilient infrastructure. The Steering Committee provides project guidance, insights, advice, and feedback to support participating municipalities, and ensure the ETAA project remains relevant and connected to ongoing market and industry developments.

Steering Committee Members

  • Dominique Bastien, Environmental Advisor, City of Laval
  • Leya Barry, Climate Change Supervisor, City of Mississauga
  • Richard Boyd, Director of Research, All One Sky Foundation
  • Amelia Clarke, Professor, University of Waterloo
  • Mike Christopher, Acting Director, Capital Markets, Housing, Infrastructure and Communities Canada
  • Tom Ewart, AVP Sustainability, Co-operators
  • Phillip Gee, Senior Manager, Accounting for Sustainability
  • Jillian Hudgins, Environmental Strategist, City of Fredericton
  • Duri Lee, Manager Financial Reporting Services, City of Toronto
  • Sarah Miller, Research Lead, Sustainable Finance, Canadian Climate Institute
  • Baia Ouldsliman, Financial Analyst, City of Montreal
  • Dawn Smith, Manager Governance & Reporting, City of Calgary
  • Alison Traub, Science Planning Officer, Natural Resources Canada

The ETAA project is funded by Natural Resources Canada’s Climate Change Adaptation Program.

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