The recent 271 page report describes, sector by sector, how Canada’s emissions are being generated, and what policies the federal government - budgeting $9.1 billion in new climate-related spending - is planning or implementing to decarbonize Canada’s economy, with a near term goal of 40-45% emissions reduction (as compared to 2005 levels) by 2030.

The US Securities and Exchange Commission (SEC) proposed a landmark climate-related disclosure rule on Monday that would require publicly-traded companies to detail climate-related risks to their operations and provide standardized emission metrics.

On Tuesday, the Council of the European Union supported a “general approach” to advance a proposed EU carbon border adjustment mechanism to a vote in the European Parliament. The Council’s vote backs the proposed regulation’s framework, but leaves some details to further deliberation.

Representatives from 175 UN member states, gathered in Nairobi for an Environmental Assembly meeting last week, voted unanimously in favour of creating a legally binding global treaty to reduce plastic waste.

The Output-Based Pricing System Proceeds Fund will support clean energy and industrial decarbonization projects in provinces where revenues were generated.

Although Ontario’s grid is exceedingly clean by North American standards, deriving 94% of its electricity from non-emitting sources like wind, hydro, and nuclear, a clean energy credit registry could help businesses meet quantifiable emission reduction goals and boost ESG credentials by allowing certified clean energy purchases from the grid.

After attacking Ontario Liberals for their “carbon tax” in 2018, and federal Liberals for their “carbon tax” in 2019, Ford quietly decided that in 2022, he actually wouldn’t mind his own.

In mandate letters sent last week, Prime Minister Trudeau directed Finance Minister Chrystia Freeland and Environment Minister Steven Guilbeault to “work with provinces and territories to move toward mandatory climate-related financial disclosures based on the Task Force on Climate-related Financial Disclosures [TCFD] framework.”

A proposed electric vehicle tax credit in US Democrats’ Build Back Better bill is raising trade tensions with Canada and Mexico. Both countries claim the policy, if included in the final bill, will violate the USMCA (formerly NAFTA) by disadvantaging their respective auto manufacturing industries.

At COP26, delegates and other notable persons from the worlds of politics, business, and finance announced various pacts and initiatives, some better received than others. Here is a summary of the conference in 10 points covering its five greatest achievements and five most notable failures.