The sustainable renewal of the Canadian economy has huge dependencies. These dependencies are on how effectively can the Govt. of Canada make fruitful investments in the Ecosystem. Hence, according to a sustainability report from The World Economic forum’s most recent Global risk report. It reveals that the Top five threats for the survival are environmental. As an example we can mention the 2013 southern Alberta floods which caused $2billion in insurable losses. Therefore, it needs heavy investing in the ecosystems to bring sustainable developments to the Canadian economy.
This is simply a demonstration to the amount of losses that occur. This is when during the city planning the natural ecosystem is not taken into consideration. Yet another disaster happened in the same year. A major flood in the city of Toronto resulted in an insured property damage of approximately $850 million. The two disasters are one of the costliest in the history of Canadian economy.
Some more realistic research includes from The Canadian Food Inspection Agency. According to the estimates the annual impacts of invasive species on the Great Lakes and the agriculture and forestry sectors accounts to $30 billion per year. Furthermore, regards to Forestry, The Canadian forest Services estimates that the Emerald Ash Borer invasion will result a huge amount. Hence, this needs heavy investing of $ 2 billion in tree damage. This also includes the removal and replacement over the next 30 years.
WHAT IS AN ECOSYSTEM?
Known as the Ecosystem, this is a segment of a country or defined area. It includes all the living organisms. Also, comprises of species including plants, trees and other living things. Defined in a more sophisticated way as the interaction between two. These interactions are between the living organisms and the non-living components in a particular area.
A variety of the types of natural ecosystems found in Canada are forests & wetlands. Furthermore, includes grasslands, tundra lakes, rivers and the coastal and marine systems. Modified as according to the needs from the natural ecosystems. This happened after a series of transformations made for and by humans in form of investments. The transformation or the modifications of these ecosystem is into urban centres and agricultural lands. Therefore, the care of these transformed ecosystem is the sole responsibility of the Govt. and environmental agencies in sustainable Canada.
FORESTS & WETLANDS CANADA- A KEY PART OF THE ECOSYSTEM:
While we discuss further the ecosystems in Canada. We must know that the forests in Canada covers a huge land of the whole area of Canada, i.e. 40% of the area. These are huge figures for a country that is massive in area. Hence, 2nd only to Russia in forest percentage to area, and total covered area. This area is a huge 347 million hectares and accounts for approximately 9% of the total World’s forests. Forests are a great source of natural resources for the economy as they provide food, timber, medicines and other less obvious services. Includes water filtration, climate regulation and carbon sequestration as part of the services. These services are claimed to be less obvious ones. Automatically, the more the covered area, the more investing needs to be done.
The wetlands in Canada also plays a huge part in their ecosystems known formally as ecology. It covers over approximately 150 million hectares in Canada or 15% of Canada and a huge quarter i.e. 25% of the World’s Wetlands. As compared with the rest of the World’s Wetlands. A quarter i.e. 25% is considered huge although it doesn’t seem huge in writing. These are essential resources for water filtration, water flows, and obviously flood control. Flood control and water flows are a major part of the environmental sustainability aspects in Canada that needs investing higher amounts annually.
ECOSYSTEM AT RISK IN CANADA & DAMAGE CONTROL MEASURES:
Impacts associated with the risks can be heavy in terms of the sustainable developments. To the Eco-system the amount of risks associated are huge in terms of magnitude in Canada. The Canadians, however, may not be aware of the amount of risks their Eco-system and economy are facing. These risks includes the loss of fish and the loss of animals to hunt.
Also, includes the flowering plants that helps in delivering functions for the pollinators as well as many of our crops. Highly critical for sustenance is reducing the huge amount of risks faced by the Ecosystem. This is so that the citizens keep enjoying the goods and services provided in the ecology.
Other major resources from the Ecosystem at risk are the Wet lands. The role of the Wet lands is also huge in flood and erosion control. Therefore, it needs necessary investing in sustainability projects for the Wet lands. They also play a major part in pest management, groundwater recharge and retention, pollution abatement and the key maintenance of biodiversity. Part of the recreational assets used in Canada are bird watching & waterfowl hunting. The losses needs to be controlled as it would lead to huge costs for the region. These costs are in terms of damage and maintenance due to flooding. Other vital grey areas that needs investing for sustainable developments are mainly for the sake of damage control measures when flooding are expected.