The Global Commission on the Economy and Climate estimates that by 2030—just over a decade from now—the global market for low-carbon solutions will be worth $26 trillion, creating strong growth and as many as 65 million jobs around the world. That’s good news for the businesses, people and communities who want to succeed while polluting less and protecting the environment for future generations.
For Canada, this marks a once-in-a-generation opportunity to lead the world in creating those solutions. To fully realize this opportunity, Canada’s innovators need the right financial support.
In 2018, the Government created the Expert Panel on Sustainable Finance to investigate ways the financial sector can help encourage and direct these funds to low-carbon Canadian initiatives.
Today, the Government accepted the Panel’s final report, which contains 15 recommendations outlining opportunities for sustainable growth. The Government thanks the Panel for their diligence and effort, and will engage with provincial and municipal partners as it looks closely at the recommendations.
Source: Department of Finance Canada