UPDATE: Canada launches new Expert Taskforce on Natural Capital Accounting and Nature Financing

Today, the Honourable Nathalie Provost, Secretary of State (Nature), and the Honourable Julie Dabrusin, Minister of the Environment, Climate Change and Nature, announced the establishment of the Expert Taskforce on Natural Capital Accounting and Nature Financing.

Canada’s natural assets underpin our economic prosperity, yet current investments to protect these assets are insufficient to meet the scale of the challenge. While governments have made historic investments to protect nature, more action is needed to close the global financing gap for nature conservation. Canada must find new ways to attract public and private investment to protect nature and its benefits for future generations.

Today, the Honourable Nathalie Provost, Secretary of State (Nature), and the Honourable Julie Dabrusin, Minister of the Environment, Climate Change and Nature, announced the establishment of the Expert Taskforce on Natural Capital Accounting and Nature Financing. Bringing together experts in nature conservation, Indigenous-led conservation, finance, economics, business, and public policy, the Taskforce will provide independent advice to the Government of Canada on how to better measure, value, and account for nature in decision-making.

The creation of the Taskforce builds on Prime Minister Mark Carney’s announcement of A Force of Nature: Canada’s Strategy to Protect Nature, which includes an investment of $3.8 billion to protect and restore nature across the country.