To ensure a green recovery, clear guidelines are needed. This report presents seven “green strings” that should be attached to COVID-19 recovery measures announced by Canada’s government.
“Green strings” are those key principles, criteria, and conditionalities that are critical to apply to our ongoing economic stimulus and recovery efforts.
The seven principles are:
1. Financial support to industry must include conditions for a zero-emission transition.
2. Apply strict financial conditions to increase financial stability, secure jobs, and incentivize low-carbon transition.
3. Ensure recovery is worker-focused and accelerates and enables a just transition.
4. Support the evolution and creation of the sectors and infrastructure of tomorrow.
5. Protect, follow, and strengthen environmental regulations and climate policy frameworks during recovery.
6. Ensure transparency and accountability.
7. Support must contribute to increased equity and well-being, leaving no one behind