FOR IMMEDIATE RELEASE:
[La version française suit le texte anglais.]
FAO TO RELEASE REPORTS ON THE COST OF CLIMATE CHANGE IMPACTS ON ONTARIO’S PUBLIC BUILDINGS AND OTHER INFRASTRUCTURE
TORONTO, December 6, 2021 – On Tuesday, December 7, 2021, the Financial Accountability Office of Ontario (FAO), will release three reports in a project that assesses the financial impacts of climate change on Ontario’s public infrastructure. The first report is a backgrounder that outlines the context and methodology, describes the climate hazards included in the project, and discusses the projections of these hazards to public infrastructure. The second report projects the impacts of changes in extreme rainfall, extreme heat and freeze-thaw cycles on the costs of maintaining public buildings in a state of good repair, and the implications for provincial and municipal infrastructure budgets.
At the same time, a report by WSP Global will be published on the FAO website. The FAO worked with WSP to establish how changes in climate indicators would affect key infrastructure costs.
These reports will be posted on the FAO website at 9:00 a.m.
We hope that you can join us for a background briefing for accredited media at 10:00 a.m. via Microsoft Teams web conference. If you are interested, please contact Anna Giannini at 647 527 2385 or AGiannini@fao-on.org to register.
At the media briefing, senior officials from the FAO will provide a presentation and answer questions on a not-for-attribution basis.
Ontario’s Financial Accountability Officer, Peter Weltman, will be available for “on-the-record” media questions at the briefing.
About the FAO
Under the Financial Accountability Officer Act, 2013, the Officer provides independent analysis on the state of the Province’s finances, trends in the provincial economy, and related matters important to the Legislative Assembly of Ontario. Visit our website and follow us on Twitter and LinkedIn.