Cohesion of Sustainable Finance Policies across Jurisdictions

Julie Segal

Canadian Public Policy, 2025, vol. 51, issue S2, 115-131

Abstract: This article evaluates to what degree climate-related financial policies have been planned in tandem with general climate commitments and to what degree they have been implemented cohesively across different parts of the financial system. The article looks at four jurisdictions—Canada, the European Union, the United Kingdom, and Australia—and hypothesizes that Canada has lagged behind the other three. It evaluates which typical climate-related policies each jurisdiction has implemented. As part of this, it investigates whether the implementation of climate-related financial policy is correlated with how closely a jurisdiction initially considered sustainable finance in its general climate commitment. The article finds that Canada has lagged behind its peers in terms of policy implementation, even though it did not materially differ from them in terms of initial consideration of sustainable finance within its climate commitment. The value of cohesive sustainable finance policy for policy efficiency and risk mitigation is then briefly explored.

Keywords: climate; policy; regulation; sustainable finance; transition (search for similar items in EconPapers)
Date: 2025
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