Investing for Tomorrow, Today: How Canada's Budget 2021 can enable critical climate action and a green recovery
This new report highlights the gaps between the investments needed to meet Canada's climate goals and what the government has committed thus far.
-
To keep up with our global peers, sufficient investments and strengthened regulations must work in tandem to rapidly decarbonize all sectors of the Canadian economy. Biden's Clean Energy Plan promises CAD 2.5 trillion for climate investments: per capita, this is over eight times what Canada has announced so far in new climate measures.
-
Canada is being outpaced by international climate leaders on recovery spending in areas such as electric vehicles, clean energy, and sustainable agriculture, although the government has made comparable recovery commitments to energy efficiency in buildings and public transit.
-
There are significant funding gaps in Canada's climate funding commitments to date compared to estimates of need by experts (including the Green Budget Coalition, the Task Force for Resilient Recovery, and Corporate Knights' Building Back Better). In many cases, experts recommend higher amounts over a shorter time frame than what is promised in the climate plan
With Budget 2021, the government has a critical opportunity to ensure Canada steps up to what is truly needed for a green recovery. This new report highlights the gaps between the investments needed to meet Canada’s climate goals and what the government has committed thus far. Within our borders, ramping up climate investments will boost the nation’s economic recovery and create jobs.
Investing for Tomorrow, Today is endorsed by nine of Canada's leading environmental organizations: Pembina Institute, Nature Canada, Climate Action Network Canada, Environmental Defence, Équiterre, Conservation Council of New Brunswick, Ecology Action Centre, Leadnow, and Wilderness Committee.
Participating experts
Funded by
You might also be interested in
How Can We Work With Nature to Tackle Drought and Desertification?
Drought is one of the most devastating and pervasive challenges exacerbated by climate change. However, we can work to reduce its effects through nature-based solutions for land restoration and climate-smart agriculture.
IGF Case Study: Decarbonization of the Mining Sector
Case studies from Chile, Indonesia, and South Africa that delve into the role of the mining sector in efforts to reduce greenhouse gas (GHG) emissions.
Public Financial Support for Renewable Power Generation and Integration in the G20 Countries
G20 governments provided at least USD 168 billion in public financial support for renewable power in 2023, less than one third of G20 fossil fuel subsidies that year.
Canada's Sustainable Jobs Legislation: A milestone for workers and communities on the path to net-zero
IISD celebrates the Canadian Sustainable Jobs Act, Bill C-50, being officially passed into law as a significant milestone to engage and support workers and communities in moving to a low-carbon economy.