Climate change Global commitment Lower emissions
The journey to net-zero starts now
A prosperous lower-carbon outlook for Canada. Click the icon below to read the report:
Most Canadians understand that global temperature swings and more frequent extreme-weather events pose significant risks to our way of life. But how do we really make a dent in the mission to decarbonize Canada by 2050?
The need for sound policy and transformative businesses decisions has never been more urgent. With the right set of policies and investments, we can achieve our emission targets without a significant impact on economic growth.
But Canada must act now to ensure the economic benefits of the transition while playing its part to realize the aspiration of net-zero by 2050.
A world in which global temperatures rise by 3°C is a world of significantly lower global growth
There are two main obstacles to achieving meaningful carbon reductions in Canada.
We have unique underlying drivers of emissions, like a naturally cold climate, a large geography, and an industrialized economy that relies on its considerable natural resources.
The other challenge is the likely unequal transition costs across the country.
The choice facing Canadians is not whether we’re getting there, but how we can reap the rewards while minimizing transition costs. Canada’s opportunity to offset the economic impact of decarbonization lies in its ability to lead in the clean technology market—a market whose value in 2022 is estimated to be more than $2.5 trillion.
What can you do?
Achieving a lower-emissions future requires action now. The good news: you’re not on this journey alone.
We can help you plan and navigate a route to decarbonization. Here are five steps all business across Canada can take:
- Establish climate change aspirations
- Develop a climate change strategy
- Align the organizational model so that capital, operating, and governance decisions are made to deliver the climate change strategy
- Enhance organizational capability
- Regularly monitor and report performance
The energy transformation is coming.
Find out how you can act sooner rather than later.
Want to learn more? Let’s connect
