The details can be complex, but the concept is straightforward and common sense: Canada can make progress towards its climate goals; our industry can remain competitive in a rapidly decarbonizing world; jobs will be created, new industries and supply chains will be developed, and money will be made. But this chance could slip away if we don’t act now. “Sustainable finance” is having its moment, and it is a critical part of meeting our climate goals.
Many jurisdictions are leading Canada in advancing sustainable finance policies such as “taxonomies”—a fancy word for a classification system for investments in climate solutions. There are more than 30 jurisdictions with taxonomies in place or in development globally.
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