Open Letter to the Prime Minister on Climate Finance: Canadian Coalition on Climate Change and Development

The Canadian Coalition on Climate Change and Development (C4D) warns that Canada is now one of the few major contributor countries without an official climate finance commitment after its $5.3 billion envelope ended on March 31, 2026. The coalition calls for a new financial allocation in the Spring Economic Statement to maintain Canada's global credibility and leadership. They advocate for high-quality funding that prioritizes grants for adaptation and loss and damage over loans to avoid increasing debt in vulnerable nations, supports nature-based solutions, and assists Global South governments in building sustainable regulatory frameworks.

• Canada's previous climate finance envelope of $5.3 billion expired on March 31, 2026, leaving the country as one of the few major contributors without an official commitment.
• Canada is lagging behind peer countries such as Switzerland and the European Union, which have funding commitments extending through 2027 and beyond.
• The coalition argues that climate finance should be delivered via flexible, high-quality vehicles, specifically recommending grants for adaptation and loss and damage because loans are often ineffective and increase debt for poor countries.
• The coalition recommends that Canada's climate finance focus on nature-based solutions for biodiversity and adaptation, and support Global South governments in creating inclusive sustainable policies rather than focusing solely on private sector investment lending.

APA

Novokowsky, A., & Han, S. (2026). Open Letter to the Prime Minister on Climate Finance: Canadian Coalition on Climate Change and Development. International Institute for Sustainable Development. https://www.iisd.org/publications/commentary/open-letter-pmo-climate-finance-c4d

Chicago

Novokowsky, Alexandria, and Soomin Han. Open Letter to the Prime Minister on Climate Finance: Canadian Coalition on Climate Change and Development. International Institute for Sustainable Development, 2026. https://www.iisd.org/publications/commentary/open-letter-pmo-climate-finance-c4d.

Wikipedia

{{cite press release |last1=Novokowsky |first1=Alexandria |last2=Han |first2=Soomin |title=Open Letter to the Prime Minister on Climate Finance: Canadian Coalition on Climate Change and Development |publisher=International Institute for Sustainable Development |date=2 April 2026 |url=https://www.iisd.org/publications/commentary/open-letter-pmo-climate-finance-c4d |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{novokowsky2026open, author = {Novokowsky, Alexandria and Han, Soomin}, title = {{Open Letter to the Prime Minister on Climate Finance: Canadian Coalition on Climate Change and Development}}, publisher = {International Institute for Sustainable Development}, year = {2026}, month = apr, url = {https://www.iisd.org/publications/commentary/open-letter-pmo-climate-finance-c4d}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }