Leveraging Sustainable Finance Leadership in Canada: Opportunities to align financial policies to support clean growth and a sustainable Canadian economy
Our policy roadmap shares how mandatory climate risk disclosure and actions by the Canadian government and financial actors can empower meaningful climate action.
- The kinds of changes necessary for Canada to meet its Paris Agreement targets require an infusion of capital beyond what governments and taxpayers can cover.
- Mandatory transparency around climate change risks held by business should be a central part of Canada's climate action, particularly given how much capital is invested in Canada’s energy sector.
- A three-year policy roadmap for greening Canada’s financial ecosystem is achievable and includes coordinated action from multiple oversight organizations.
Ambitious action is required for Canada (and the world) to meet its Paris Agreement targets. This will require an infusion of capital beyond what governments and taxpayers can cover. The private sector must become deeply involved, encouraged by changes to the financial ecosystem that make climate change action and the low-carbon economy the norm.
In advance of Canada’s Expert Panel on Sustainable Finance releasing their recommendations on the best finance and investment structures for climate action, Leveraging Sustainable Finance Leadership in Canada sets out a three-year policy roadmap to funnel private investment into a sustainable Canadian economy.
While mandatory climate risk disclosure is a central part of the report's recommendations, there are supportive actions a number of government actors and financial organizations will need to take to build a financial system that empowers clean growth and greenhouse gas reductions.
You might also be interested in
Carbon sequestration among a plethora of carbon delusions
A recent report sponsored by an environmental advocacy group and think tank, the International Institute for Sustainable Development, examined carbon capture and storage. The new research draws on available data from about 30 currently operating commercial carbon capture facilities globally, including a handful in Canada.
What happens to Canada after oil demand peaks?
What will the energy transition mean for Canada's oil and gas sectors, which have long been a powerhouse of the country's economy? Aaron Cosbey, a senior associate and economist at the International Institute for Sustainable Development, lays out what he sees happening to demand for fossil fuels in the next decade, and how the country can navigate the transition to minimize economic disruption.
A Sustainable Asset Valuation of the FAME II policy in India
This report presents the economic valuation of the second phase of the Faster Adoption and Manufacturing of Electric (& Hybrid) Vehicles (FAME II) policy in India and demonstrates its economic, social, and environmental outcomes under different scenarios.
The Investment Facilitation for Development Agreement: A reader's guide
A subset of World Trade Organization members has finalized the legal text of an Agreement on Investment Facilitation. This Reader's Guide provides an overview of what's in the agreement.