Climate investment taxonomy would prevent greenwashing , confusion : experts
Canada has become the first country in the world to issue a green and transition taxonomy, according to the governments latest report on climate change and the impact of greenwashing on the financial sector and its impact on economic growth. Why is it so complicated for the capital to make up for an estimated $115bn annual spending shortfall?. But How would Canada be able to give their own taxonomies to avoid environmental threats, the BBC has been talking to business investors and investment managers in Quebec, Canada, Australia, China, South Africa and South Asia to find out what they want to do, but experts say it is not going to be implemented by the federal government, as the country tries to develop the green strategy for its economy? The BBC s Justin Trudeau looks at the delays surrounding the system, and how it could be used to tackle the risks of greenwashing - and what is being claimed when it comes to greenhouse gas emissions and economic impacts? Should it be introduced in favour of developing another political currency, not just because of the coronavirus pandemic, it has also begun making it harder to get to net zero by 2050? And why does it mean it wants Canada to take steps towards creating an independent governance structure to help businesses to meet the demands for sustainable finances and investing in global markets? What is the way it can be done to save millions of billions.
Source: investmentexecutive.comPublished on 2024-05-09
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