Managing assets in the context of future climate uncertainty

摘要

Recent violent weather events in Texas and Louisiana put in perspective the vulnerability of our public services and way of life when they happen. In Canada, wildfires keep raging in British Columbia, Windsor (ON) recently experienced flooding that affected close to 6,000 homes, and a quick search in the news will reveal many more cases of weather related damage. The costs associated with these disasters continue to increase; the Insurance Bureau of Canada reported in January 2017: "From the wildfires that swept through Fort McMurray in May to the floods that devastated parts of Nova Scotia and Newfoundland over Thanksgiving weekend, severe weather had a huge impact on Ca- nadians in 2016. According to Catastrophe Indices and Quantification (CatIQ), insured damage for 2016 topped $4.9 billion - smashing the previous annual record of $3.2 billion set in 2013."