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RELATED Canadian investors stand firm on ESG despite greenhushing trend, report finds The anti-DEI movement confronts an unlikely opponent: big banks Meet the four most sustainable funds on the market for 2025 Deadlines to submit reports starting in 2026 will be pushed back to 2028.
The accelerated transition scenario assumes a significant increase in energy costs in the near term, and substantially greater initial greeninvestments, rising to €2 trillion by 2025, compared to only €0.5 trillion in the other.
Going forward the CSRD will include more and more companies as the years progress, covering 50,000+ companies inside and outside the EU by the end of the 2028 reporting year. The EU Green Taxonomy is also instrumental for the upcoming EU Green Bonds Standard.
The EU has therefore installed a number of contingencies, including a pledge to delay the launch of ETS 2 from 2027 to 2028 if energy prices are still deemed to be exceptionally high, and a commitment to release additional CO2 allowances onto the market if prices exceed €45 per tonne of CO2. .
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But Im going to go out on a limb here and predict that the other provinces will win this battle, backing the CSSBs carefully crafted consensus to bring Canada into alignment with Europe and many other jurisdictions in 2027 and 2028.
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