Proceeds from Climate Awareness Bonds are allocated to EIB’s lending to activities contributing substantially to climate change mitigation in line with evolving EU sustainable finance legislation. The so-called EU Taxonomy Regulation, aiming to ‘establish the criteria for determining whether an economic activity is environmentally sustainable’, entered into force in July 2020.
The COVID-19 pandemic over the past 10 months has brought into sharp relief issues that have hindered Canada’s economic competitiveness and left some communities at a disadvantage in trying to achieve their full potential. For Canada to prosper in a rapidly changing world, we must ensure everyone has the opportunity to contribute.