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ARC ENERGY IDEAS

Is Canada Spending Enough on Clean Energy? John Stackhouse from RBC Disruptors

Mar 12, 2024
Exploring Canada's lack of capital spending on clean energy transition, challenges in defining 'green' finance, and the impact of upcoming elections on clean energy investments. John Stackhouse from RBC discusses sustainable finance and decarbonization projects, highlighting the barriers to private spending on Canadian clean energy projects.
36:15

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Quick takeaways

  • Establishing a clear taxonomy for green investments is crucial to attract investors and mobilize private capital towards sustainable projects.
  • Canada's current spending on clean energy falls short of the required 60 billion annually to achieve climate targets, highlighting the urgent need for increased investments and mobilization of private capital.

Deep dives

Climate Finance and Sustainable Investments

RBC recently released a sustainable finance framework aiming to facilitate 500 billion in sustainable finance by 2025. The framework defines green investments that align with their sustainability goals. The challenge lies in mobilizing private capital towards sustainable investments to meet the ambitious target. Ensuring transparency and consistency in defining 'green' investments is crucial to attract investors and drive capital towards sustainable projects.

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