This event is being hosted in partnership with the MacDonald-Laurier Institute.
The big takeaway from COP26 was the centrality of sustainable finance to the global green transition. The India-Canada partnership is critical for the future of green finance: Canada punches above its weight when it comes to institutional finance, and has sought to nudge pools of untapped return-seeking capital towards projects with a significant climate mitigation and adaptation aspect. India plans to accelerate its green transition, as reaffirmed by its Net Zero commitment at the COP26, which Prime Minister Modi conditioned on an increase in the availability of high-quality patient capital. The economic partnership between the two nations can effectively be aligned to ensure that investment dollars flow where the marginal cost of reducing emissions is lowest. A Canada-India partnership, further, can transform the discourse within the G20 and beyond on the facilitation of cross-border capital flows. Unlocking private climate financing which could lead to an optimal allocation of sustainable finance and an efficient path for carbon reduction.
