2014: Low Water Blues–Economic Fallout Predicted from Lower Future Water Levels in the Great Lakes-St. Lawrence Region
June 27, 2014 | By CGLR |
In 2014, CGLR & The Mowat Centre released ‘Low Water Blues,’ an economic assessment of sustained low water levels in the Great Lakes & St. Lawrence River. This report looked at recent changes to water levels across the region and the risks and benefits of low water levels for key interests in the region. It estimated that sustained low levels of water would have a long-term economic impact on the region that could read $18.2 billion by 2050. While in 2020, historically high water levels are now the concern, the relatively rapidly changing water levels from low to high has had it’s own impact on the economy and is a clear indicator of the threat of climate change to the Great Lakes region. The following is the original release of the 2014 report.