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.
Both Canadian governments and businesses now find themselves in the messy stage between making ambitious climate commitments and executing them. A more sustainable financial sector can help.
Andy Chisholm is a member of the Expert Panel on Sustainable Finance and member of the board of directors of Royal Bank of Canada and MaRs. He holds a B. Comm from Queens University (1981) and graduated with an MBA from the Ivey Business School at Western University in 1985. He is chair of the Ivey Business School Advisory Board, is a board member of Evergreen, and sits on the