Canada's climate finance can do better
Summary
The Canadian Association of Physicians for the Environment (CAPE) calls for Canada to increase its international climate finance contributions and prioritize adaptation for vulnerable countries, arguing that current levels are insufficient given Canada's high per capita emissions.
Key insights
- Canada's current climate finance contribution of Cdn $2.65 billion is considered below its fair share, especially as Canada is the only G7 nation to see emissions increase since the Paris agreement and has per capita emissions double the G20 average.
- The organization proposes three specific actions for Canada at the G7: doubling annual climate finance contributions to $5.2 billion, prioritizing adaptation and the most vulnerable countries, and improving measures to ensure funds reach local organizations and the poorest communities.
- While industrialized countries pledged to mobilize US$100 billion annually by 2020, this amount is viewed as insufficient, with estimates suggesting vulnerable countries may need up to $300 million per year by 2030 for adaptation costs alone.
Cite the original document
- APA
- Vipond, J. (2021). Canada's climate finance can do better. Canadian Association of Physicians for the Environment. https://cape.ca/canadas-climate-finance-can-do-better/
- Chicago
- Vipond, Joe. Canada's climate finance can do better. Canadian Association of Physicians for the Environment, 2021. https://cape.ca/canadas-climate-finance-can-do-better/.
- Wikipedia
- {{cite press release |last1=Vipond |first1=Joe |title=Canada's climate finance can do better |publisher=Canadian Association of Physicians for the Environment |date=12 June 2021 |url=https://cape.ca/canadas-climate-finance-can-do-better/ |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{vipond2021canadas, author = {Vipond, Joe}, title = {{Canada's climate finance can do better}}, publisher = {Canadian Association of Physicians for the Environment}, year = {2021}, month = jun, url = {https://cape.ca/canadas-climate-finance-can-do-better/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
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