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March 22, 2023

Canada’s latest green taxonomy proposals exclude gas and nuclear

The Canadian parliament buildings, Ottawa. The country’s future taxonomy might have more in common with Asian countries, such as Japan and Singapore, who are also embedding transition criteria in their frameworks (Photo: Tetyana Kovyrina/ Pexels)
The Canadian parliament buildings, Ottawa. The country’s future taxonomy might have more in common with Asian countries, such as Japan and Singapore, who are also embedding transition criteria in their frameworks (Photo: Tetyana Kovyrina/ Pexels)

Canada’s Sustainable Finance Action Council recommends its new taxonomy focuses on green and transition categories and diverges in some respects from both the EU and UK approaches. Earlier this month, Canada’s Department of Finance published a roadmap to establish a taxonomy for sustainable investment in the country that considers transition...

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