ESG Currents CDPQ’s Blanchard on the Need to Do Sustainable Finance Differently
May 15, 2024
Marc-André Blanchard, Executive Vice President and Global Head of Sustainability at CDPQ, shares insights from his extensive background, including his role as Canada's UN Ambassador. He argues for a transformative approach to sustainable finance, highlighting the importance of blended finance and collaboration among stakeholders. Blanchard emphasizes balancing regulation with market incentives to drive real change. The discussion also touches on the need for innovative solutions to unlock sustainable investments while addressing risks in emerging markets.
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Montreal's Light Rail Success
- CDPQ designed, built, and manages a 67km light rail train around Montreal.
- This reduces emissions by 100,000 tons yearly and is North America's least expensive new public transit system.
Blended Finance: A Necessary Tool
- Blended finance partnerships, like the one behind Montreal's light rail, are crucial for the energy transition.
- These combine public and private investment where risk-return equations may not individually attract either sector.
Global Collaboration for Transition
- The energy transition's success requires global cooperation, including developing nations.
- Southeast Asia's growing consumption could use the planet's entire carbon budget if left unchecked.