L2.1Develop a financing strategy to meet 2030 climate commitments

The CCAS outlines both immediate actions and long-term transformations needed to achieve our GHG reduction targets and enhance resilience to climate impacts. To bring this strategy to life, resources and budgets may need to be reallocated, including capital investments and operating budgets.

Given the strategy’s long timeline, precisely estimating costs and return on investment is challenging and complex. In some cases, new revenue may be needed. This may involve re-allocation of existing budgets, sourcing external grants and financing, partnerships with industry, allocation of development driven revenue, or increased taxation.

This action involves exploring options for assessing costs and developing a financing strategy to implement CCAS actions and meet 2030 climate commitments.