To achieve net-zero emissions by 2050, the Government of Canada has invested billions of dollars in practical efforts to lessen the effects of climate change and encourage clean economic growth. Despite this, Canada faces an investment gap of approximately C$115 billion a year to transition to a net-zero emissions economy by 2050, as outlined in the 2022 Federal Budget. Canada’s Sustainable Finance Action Council (SFAC) is trying to spur more private-sector investment to bridge this gap with a made-in-Canada approach to a green and transition taxonomy, as outlined in SFAC’s March, 2023 Taxonomy Roadmap Report, write Anik Islam, Caelan Welch, Geoff McCarney of the Smart Prosperity Institute
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