Canada pledges bold new 2030 carbon reduction target, will issue first green bond

“In 2021, job growth means green growth,” Finance Minister Chrystia Freeland said in a speech to lawmakers.

Ottawa will also issue its first green bonds this year to fund projects aimed at fighting climate change. Some C$5 billion will be issued, or about 2% of total government bond issuance during the current fiscal year. “There are definitely jobs to be found by focusing on technologies like carbon capture, electric vehicles, and clean tech generally,” said Trevin Stratton, chief economist at the Canadian Chamber of Commerce.

Britain’s opposition parties and environmental campaigners welcomed the ambition but said the move had so far been undermined by the government’s lack of policies to deliver it. Tom Burke, a former government adviser, said the UK’s approach to cutting emissions had so far looked like a “Boris blunderbuss” with a huge range of marginal moves rather than a coordinated structural change.

So far Trudeau and the parrot patrol HAVE DONE NOTHING except cost CANADA and Canadian taxpayer turned lab rat MORE TAXES and zero to GHC reduction

A green bond. Copied directly from the We playbook. Letting you make the world a greener place. A sucker is born every minute.

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