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Compared with current climate-change-response spending in Canada of $15 to $25 billion per year, the Corporate Knights plan has capital requirements of $126 billion per year over the next critical decade. Related post: These 6 greeninvestments would kick-start Canada's economic renewal.
As climatechange and the impacts of the carbon-based economy are becoming a centerstage conundrum across the globe, driving shareholder value is no longer the only goal for financial institutions (FIs). FIs are in a position to help build and accelerate sustainable development.
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