On the eve of a landmark Senate committee hearing on Sen. Rosa Galvez’ Climate-Aligned Finance Act, Bill S-243, one of Canada’s leading climate finance experts says it’s time for federal politicians and regulators to pick up the pace on a crucial piece of the climate transition puzzle.
Bringing banks, insurance companies, and other federally-regulated financial institutions onboard with the country’s legislated net-zero targets would also be a timely move for a government in turmoil over federal-provincial relations, said Julie Segal, senior manager, climate finance at Environmental Defence Canada.
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“Climate-aligned finance is an exciting federal policy lever at a time when the…
