It is scientific fact that the northern regions of Canada, the world's second-largest country, are warming up at a much faster pace than the rest of the Earth.

As rising temperatures kill off forests, flood low-lying areas and cause more illnesses, Canadians will feel the jarring effects of climate change—to the tune of approximately 1 percent of GDP by 2050. That equates to approximately $5 billion a year by 2020, and those costs will continue to climb to between $21 billion and $43 billion a year by the 2050s, according to an official panel engaged by Canada’s Conservative government. In the worst-case scenario, climate change could cost as much as $91 billion per year by 2050.

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