Launch a new Canadian Green Bond that can enable additional investments to support green projects when a lack of capital represents a barrier to green projects.

What success looks like

Increase the impact of green initiatives by introducing a new financing mechanism to promote increased investment when a lack of capital represents a barrier.

Government's narrative on progress

Budget 2016 included investments of $5 billion over five years towards infrastructure projects that protect communities and support Canada's ongoing transition to a clean growth economy. Budget 2017 announced the government's plan to invest $21.9 billion in green infrastructure, including initiatives, which will support the implementation of the Pan-Canadian Framework on Clean Growth and Climate Change. Of this, $9.2 billion will be provided to provinces and territories over the next decade through bilateral agreements. A further $5 billion will be available for green infrastructure projects through the Canada Infrastructure Bank and $2.8 billion through a series of national programs. In addition, the Government of Canada announced the creation of the Expert Panel on Sustainable Finance that will explore the opportunities and challenges relating to the financing of sustainable investments in Canada including infrastructure. The panel members released an Interim Report reviewing findings from their consultations to date in October 2018, and will provide a final report and recommendations to the government by the spring of 2019.

Note: this is the government's own description, not an independent assessment.