Bonds & Climate Change: The State of the Market 2016

2016 marks the 5th edition of the Climate Bonds Initiative’s State of the Market report, as well as the 5th edition of the Bonds and Climate Change Canada Report, produced in collaboration with Climate Bonds & HSBC. This year, we report on the Canadian market activity up to May 30 2016.

In the 2016 Canadian Report, we find that:

  • Canada’s climate-aligned bond market has grown to C$ 32.9bn – making Canada’s market the 5th largest in the world.
  • Both the full climate-aligned universe and the C$ 2.9bn labelled green segment of the Canadian market have grown over the past year, though less quickly than had been expected.
  • 2016 remains an important opportunity for the federal and provincial governments to take action and show the leadership necessary to accelerate market growth.

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    About the Project

    The goal of this project is to shed light on the relationship between economic activity and the environment by exploring the linkages between changes in our natural capital and our measures of productivity generally, and through the construction of an environmentally adjusted measure of productivity specifically.

    While it is now commonly accepted that economic activity and the state of our environment are linked, many economic measures still fail to incorporate the environment – both the things we draw from it and the pollution we release into it. By developing and calculating measures of productivity that include natural capital, Canada may be able to better understand these linkages. This, in turn, may lead to the identification of strategies that can help Canada become more efficient and innovative in the use and protection of natural capital, and thus more productive and more prosperous.

    Using the forestry sector as a case study, this project aims to construct an environmentally adjusted measure of multifactor productivity. In doing so, we aim to add another layer of understanding to the environmental and economic performance of this sector. The proposed measure will have relevance to the Canadian economy as a whole.