For decades, GDP has been a defining indicator of the strength of countries’ economies. However, GDP only reflects the size of an economy; it does not account for factors that are central to well-being.
When the Mongolian government saw it was not getting its fair share of revenues from the mining sector, it sought support so it could collect unpaid taxes and become better equipped to safeguard the public’s financial interests.
The Global Stocktake under the Paris Agreement is now underway. At its first Technical Dialogue in Bonn in June 2022, what did participants say about climate change adaptation and what does it mean for global adaptation ambition?
The clock is ticking on two of the federal government’s promises to make tangible progress to stop subsidizing and funding fossil fuels by the end of 2022. But the government continues to provide huge support to the industry, and while lower than the previous year, it is still over CAD 8.6 billion.