The Task Force for a Resilient Recovery has released its final report, recommending CAD 55.4 billion in green recovery investments to support long-term jobs and economic growth in Canada.
The Task Force encourages Canada’s leaders to learn from the missed opportunities after the 2008/09 financial crisis when countries invested in recovery measures that resulted in a historic global increase in carbon emissions. To avoid locking the Canadian economy into a high-pollution future and to keep Canada on pace with its international peers, the Task Force suggests five bold moves for a resilient recovery:
- Invest in climate-resilient and energy-efficient buildings
- Jumpstart Canada’s production and adoption of zero-emission vehicles
- Go big on growing Canada’s clean energy sectors
- Invest in the nature that protects and sustains us
- Grow clean competitiveness and jobs across the Canadian economy.
The final report includes detailed recommendations and policy instruments for each of the five recovery priorities. The Task Force is an independent group of 15 finance, policy, and sustainability leaders launched in May to identify and recommend how the government can stimulate an economic recovery that gets Canadians back to work while supporting the country’s climate goals. Richard Florizone, President and CEO of the International Institute for Sustainable Development and Chair of the Task Force for a Resilient Recovery, says:
“Drawing on ideas from across Canada and around the world, our recommendations will deliver the safe, clean and long-term economic recovery that Canadians are ready for.”