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Canada climate progress slows under Carney, finds RBC

Canadian climate progress has shown signs of running out of steam as policy uncertainty and difficulties in accessing decarbonisation incentives have taken a toll, according to Royal Bank of Canada (RBC).

Exclusive: Adaptation blended fund GAIA raises $600m at first close

The adaptation-focused blended finance GAIA Climate Loan fund, managed by Dutch blended finance-focused investor Climate Fund Managers, has raised $600 million at its first close.

Canada anti-greenwashing bill must be improved, PRI says

G7 DFI sets up private sector-backed council for EMDE infra funding

The founding members of the G7 Development Finance Institutions' (DFIs) 'infrastructure investment council' have been named, led by FinDev Canada.

Use AI to scale 'deeply complex' nature accounting, says RBC

Artificial intelligence (AI) should be used to help scale the nature accounting and help nature-based projects to better monitor progress and outcomes, according to Royal Bank of Canada (RBC). The 'Unearthing Value' report argued that natural capital remains an "underused economic engine" and should be a key focus for governments looking to deliver economic growth.

US sustainable bond investors unsure about labelling nuclear as green

While nuclear is increasingly attracting, debates on whether it should be classed as 'green' rumble on in New York. Genevieve Redgrave reports

Canadian firms call for more clarity on scope of anti-greenwashing bill

Canadian election 'casts a shadow over' work on taxonomy, disclosures

The future of Canadian sustainable finance policy, including a proposed green and transition taxonomy and sustainability-related disclosures, is shrouded in uncertainty as the country prepares for a federal election next month, a policy expert has said.

Canada regulator's guidance muddies waters on legality of net-zero plans, says accounting body

Guidance from Canada's Competition Bureau on how regulation of environmental claims such as net-zero plans will be enforced has "not mitigated the issues created by the legislation ... in fact it may have exacerbated them," according to an accounting body.

Climate finance statesman Carney 'considering' run for Canadian leadership

UN special envoy for climate action and finance Mark Carney is considering a bid for leadership of Canada's ruling Liberal Party, it has been reported.