The growing pressure to meet climate action promises is facing pushback from some consumers. A recent study revealed that 4 in 10 Canadians would scrap the federal government’s carbon tax and many more would lower it, at least for now.
Meeting the goals set in the Paris Agreement will be costly – an estimated $2.3 trillion annually by 2030 – and Brassard says that will demand collaboration, new investment, and transparent and credible data.
“If we want money to go into transition, it will need to come from big pockets— institutional investors, like pension funds, insurance company, mutual funds and insurance companies,” says Brassard. “They’re the ones we want to bring into the journey, but they need returns and clear standards so they can target their investments.”
There has been progress on standardization…