Investing in Climate Action: What Canada Can Learn from the US

As we begin a new year, we’re creeping ever closer to the point of no return in the fight against climate change. Sea levels are rising, the earth is warming, we’ve seen thawing permafrost and large scale die-offs in coral reefs, and parts of the Amazon are experiencing increased instances of drought and deforestation.

Thankfully, the world is taking notice and more money than ever before is on the table.

The U.S. is making its largest investment ever in green technology in the form of the Inflation Reduction Act or I.R.A., an almost 370 billion dollar pledge to fight climate change. Across the pond, the European Commission has pledged to mobilize at least a trillion Euros in sustainable investments over the next ten years. So how does Canada ensure it isn’t left behind and instead find its place at the head of the pack? Now is the time to think big.

On this episode of Disruptors, an RBC podcast, host John Stackhouse speaks to Dr. Andrew Steer, President and CEO of the $10 billion Bezos Earth Fund, as well as Eli Aheto, a Managing Director at BeyondNetZero, a new climate venture from General Atlantic that invests in high-growth companies developing innovative climate solutions. These two titans are collectively responsible for investing billions of dollars in green tech. They discuss with John about where the money will go and what the future can look like—if we play our cards right.

For more information on the Bezos Earth Fund, visit their site. More information on BeyondNetZero can be found here.