Boosting the Economy Through Climate Action: Highlights from GLOBExCHANGE – The Environment Journal

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Boosting the Economy Through Climate Action: Highlights from GLOBExCHANGE – The Environment Journal

At the recent GLOBExCHANGE conference in Toronto, Environment Minister Steven Guilbeault highlighted the rising costs of wildfires in Canada, estimated at around $1 billion each year. He stressed that ignoring climate issues leads to higher economic and environmental costs. Guilbeault emphasized that strong climate action can boost the economy, especially as Canada faces various pressures, including tariffs from the U.S.

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He noted the growing clean tech sector in Canada, which has created over 350,000 green jobs in 2023 alone. “Good jobs and wages are increasing, and Canada is at the forefront of this movement,” he said.

Canada’s emissions have reached their lowest level in 27 years. Guilbeault continues to foster partnerships that will sustain this progress. He believes that a thriving economy and a healthy environment go hand in hand, which requires bold, data-driven actions.

Among the achievements of the ministry are the launch of Canada’s first national climate plan, pricing pollution to encourage innovation, and significant investments in climate adaptation and infrastructure. These efforts are part of a broader strategy to promote greener practices across sectors like energy and waste management.

The GLOBExCHANGE program focuses on four key areas:

  • Achieving Net Zero
  • Building Resilient Communities
  • Ensuring Water Security
  • Restoring and Protecting Nature

Elizabeth Gamble, president of GLOBE Series, remarked on the importance of collaboration. She noted that in times of global instability, trust and teamwork among business and sustainability sectors are crucial for progress.

The event also featured notable advocates for climate action, including Catherine McKenna, former Environment Minister and founder of Climate and Nature Solutions. McKenna spoke about the significance of women in climate leadership, emphasizing that they are more likely to push for government action on climate change. She launched the Canadian chapter of Women Leading on Climate, which connects female leaders across various fields to foster ambitious climate policies.

Merran Smith from New Economy Canada echoed this sentiment, urging bold action during uncertain times. She called for investment in Canada to maximize opportunities for growth and protection of the environment.

David Coletto, CEO of Abacus Data, addressed the role of effective communication in the sustainability space. He advised those in the field to connect with their audience, ensuring that discussions about climate and sustainability resonate clearly.

For more information on GLOBExCHANGE and the GLOBE Series, explore their official site.

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