Treasury Board And Finance
Although the green taxonomy is currently used mainly as voluntary steerage, the Ministry of Finance plans to make it a normal in the formation of national initiatives together with the decarbonization of state-owned enterprises. It could additionally be expanded into necessary disclosures of taxonomy-relevant investment portfolios from the non-public sector, changing into an exercise in regulatory energy. Financing the transition of all financial sectors and actors, no matter their starting point, and including but not limited to high emitting sectors and actions, raises sure challenges. The Commission published its ‘strategy for financing the transition to a sustainable economy’ on 6 July 2021. It builds on earlier initiatives and reviews, such because the 2018 motion plan on financing sustainable progress and the stories of the Technical Expert Group on Sustainable Finance. It additionally builds on the suggestions to a consultation held between eight April and 15 July …