September 16, 2020
How can we foster a recovery that gets Canadians back to work while ensuring our country is competitive, prosperous and climate-resilient in the clean economy of the twenty-first century?
Today, the Task Force for a Resilient Recovery - an independent group of 15 finance, policy and sustainability leaders - launched their final report with key recommendations for building a resilient economic recovery from COVID-19.
The Task Force urges Canada’s leaders to learn from the missed opportunities of 2010, when countries made investments coming out of the 2008-09 financial crisis that resulted in a historic global increase in carbon emissions. The Task Force’s final report recommends $55.4 billion in green recovery investments that will support long-term jobs and economic growth and keep Canada on pace with its international peers.
Bridge to the Future includes new analysis of international recovery investments, which shows that Canada’s peers are leading the charge towards a recovery built around the massive opportunities of a clean economy and a net-zero emissions future.
The Task Force calls for 5 bold moves and makes 22 recommendations for how Canada can stay competitive and prosperous in this global clean economy, including with investments in energy-efficient and climate-resilient buildings, jumpstarting Canada’s production and adoption of zero-emission vehicles, investing in hydrogen and clean energy, and growing the nature economy.
We’re still in the middle of a health crisis, but now is the time to start planning for getting Canadians back to work and growing our economy again. By investing in a resilient recovery, we can do this while fighting climate change and staying competitive in the fast-growing global clean economy.
Smart Prosperity Institute is pleased to have been a Research Partner for the Task Force and for SPI’s Executive Chair, Stewart Elgie, to have participated in this authoritative group.