"We need mechanisms that finance climate-friendly projects, not only for solar panels and transit tracks, but also for a massive transition in carbon-intensive industries. The federal [Canadian] government′s expert panel on sustainable finance shares that view, and in October endorsed “transition-linked financial products” to help channel green investment to high-emitting industries."
[COMMENTARY]The transition to a zero carbon future must include ways in which carbon-intensive industries can finance their transition to becoming ’greener.’ With carbon-intensive industries forming so much of the Canadian economy, it’s timely and necessary that Canada is a leader in this endeavour. This is a very promising development. Congratulations to all those involved.
Clean finance needs to include traditionally ‘dirty′ industries, by Toby Heaps and Annette Verschuren, November 4, 2018, The Globe and Mail, Canada.