Frustrated with inaction, panel tasked with bolstering sustainable finance markets ends its work

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 92%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Sustainable Finance Action Council’s members frustrated as Ottawa has yet to implement recommendations for a made-in-Canada taxonomy of climate-focused investments

An expert panel appointed by the federal government to accelerate the growth of Canada’s sustainable finance market has disbanded at the end of a three-year mandate marked by frustrations over a lack of progress in implementing its major recommendations.

“We’re done. I believe, and I think that the membership agrees, that we have executed on the mandate. We’ve provided our recommendations,” Kathy Bardswick, the panel’s chair, said in an interview on Wednesday. “We continue to hope that the fall economic statement commitments that were made will be seen through, but that’s yet to be seen,”In the economic statement, Ottawa said it would provide $1.

A key one is that the government should foster more interaction between the experts and public officials. Ms. Bardswick, a former top insurance executive, said the panel’s members also reported positive outcomes from the process. For instance, some said they had gained experience in working across the various financial sectors, which Ms. Bardswick said will help to strengthen the country’s sustainable finance network.

“This work is being done in consultation with regulators, the financial sector, industry and independent experts, and is being supported by external technical experts,” Ms. Cuplinskas said.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 5. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Canada’s big banks say sustainable finance pledges may not curtail emission growthSeveral global banks have committed to ‘net-zero financed emissions’ by 2050 but have drawn doubts from many investors, due to concerns over the lack of a defined goal
Källa: globeandmail - 🏆 5. / 92 Läs mer »

Canada's big banks say sustainable finance pledges may not curtail emission growthSome of Canada's biggest banks have admitted for the first time that their climate-related finance efforts may not necessarily curtail emissions growth...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Japan ready to take action vs excessive yen volatility, says finance ministerExplore stories from Atlantic Canada.
Källa: SaltWire Network - 🏆 45. / 63 Läs mer »