August 25, 2020
Canada’s private sector needs reliable and consistent data and information to play its critical role in addressing climate risks and harnessing clean and resilient growth opportunities. The existing transparency gap is distorting market risk assessment, slowing progress on the low-carbon transition, and leaving Canada’s economy vulnerable to impacts.
In its final report, the Canadian Expert Panel on Sustainable Finance recommended forming a Canadian Centre for Climate Information and Analytics (C3IA) as a trusted single-stop source for authoritative climate data and information relevant to sustainable finance.
Bridging the transparency gap through the C3IA would allow markets to respond to climate risk and seize opportunity, ultimately allocating capital towards:
Across more than 50 interviews, experts echo that a lack of transparency is distorting economic activity away from the best available solutions for climate change. This research sheds light on specific data gaps and pain points, and how the C3IA can help.
Results are clustered into three pillars, and explore topics such as: