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A new report estimates the total cost of climate change to the Canadian economy at trillions of dollars by the end of the current century if global temperatures continue to rise unabated.
A recent RBC report estimates that in order to catch up and meet its climate targets, Canada will need to invest $70 billion per year into green technologies such as electric vehicle (EV) infrastructure, green hydrogen, carbon capture and renewable energy production. As it stands, the country falls well short of that figure, investing just $10 billion annually.
OTTAWA Finance Minister Chrystia Freeland has promised this year’s budget will lay out the Liberal government’s “master plan for the Canadian economy going…