"A binding green taxonomy is also a prerequisite to better ties to Europe. It is hard to imagine that the deeper economic and financial integration of Canada and the EU that Carney so eagerly promotes is possible without a merging of taxonomies. Unless both economies can agree on the same baseline for investment requirements and restrictions, they will never find common ground. The green taxonomy can thus be seen as an indicator of the Carney government’s future plans. If the end goal is still net-zero 2050, then a green taxonomy remains a crucial step in that process. The farther it progresses, the closer we get to Euro-style stagnation and decline. Canada can either open itself for business or commit to a net-zero future. It can’t do both." @InvestNowOrg