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Private climate finance has yet to play a significant part in Canada’s climate action landscape, though the government is increasingly pairing the mobilization of private finance with its public commitments. There are a number of initiatives that are quickly working to elevate the role of private finance. In the form of loans, Canada will invest nearly 1.8 billion Canadian dollars to mobilize private-sector support for clean innovation in developing countries. However, there is room for improvement in Canada’s tracking and transparent reporting of the role of private finance.

Windmills in the foothills of the Rocky Mountains.© bobloblaw, iStockPhoto
Windmills in the foothills of the Rocky Mountains. Source: © bobloblaw, iStockPhoto.

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