Finance Canada ragging puck on crucial policies needed to drive clean-energy transition

Climate risk disclosures and voluntary commitments are good but won't help foster change in business-as-usual banking and investment. Chrystia Freeland could spur the action by quickly finalizing the taxonomy and investment tax credits.

Deputy Prime Minister and Finance Minister Chrystia Freeland at the CARICOM-Canada Summit in Ottawa on Oct. 18, 2023. Finance Canada is seen as a laggard in its effort to bolster sustainable finance in order to reduce Canada’s greenhouse gas emissions and incentivize future-friendly investment, writes Shawn McCarthy.The Hill Times photograph by Andrew Meade

Opinion

BY SHAWN MCCARTHY

October 25, 2023

Finance Canada is ragging the puck on crucial policies needed to drive private investment in the clean energy transition, and it’s time for Finance Minister Chrystia Freeland to move the play up ice.

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