Capital Mobilization Plan
On September 29, 2020, the Institute for Sustainable Finance launched landmark research to provide a concrete, data-driven capital blueprint for Canada’s low carbon transition. The Capital Mobilization Plan for a Canadian Low Carbon Economy highlights that cooperation between the public sector, private sector, and financial system is critical to securing investments needed to meet Canada’s 2030 climate targets.
The plan was refreshed in October 2021 to reflect both the increase in the reduction target and the new Government of Canada projected emissions to 2030. The refresh also puts Canada’s commitments, progress and required investment into a global perspective.
“What gets financed, gets built,” said Ryan Riordan, co-author of the report and Associate Professor at Smith School of Business. “This is the heart of the financial sector’s role in helping Canada achieve a more competitive, climate-smart economy.”
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Responding to a foundational recommendation from Canada’s Expert Panel on Sustainable Finance, this report represents the first critical effort to close the knowledge gap around the scale of Canada’s low carbon investment opportunity. To grasp the competitive advantages of a lower carbon economy, and avoid the increasingly salient costs of inaction, we have to mobilize the capital that will underpin our transition, explains Riordan. “Public and private investors need a solid grasp of that investment horizon. That’s the starting place: a sound and rigorous analysis that shows how and where capital needs to flow.”