Financing Environmental Change: A New Role for Canadian Environmental Law

McGill Law Journal, Vol 49, pp. 145-202, 2003

55 Pages Posted: 10 Mar 2011

Date Written: 2004

Abstract

Financial institutions occupy a central role in equity and debt markets, providing the finance that shapes economic development and thus environmental pressures. Environmental regulation has traditionally focused on development itself but not those that financially sponsor developers. To achieve an environmentally sustainable economy in Canada, new regulations and policies to promote environmentally friendly financing in the financial services sector are necessary. This article explains why financing environmental change is crucial, surveys the main private financial institutions in Canada relevant to this task, and makes recommendations on how financial regulation and its broader institutional context can be reformed to support sustainable development.

Keywords: Canada, Environmental law, Financial services

Suggested Citation

Richardson, Benjamin J., Financing Environmental Change: A New Role for Canadian Environmental Law (2004). McGill Law Journal, Vol 49, pp. 145-202, 2003. Available at SSRN: https://ssrn.com/abstract=1782248

Benjamin J. Richardson (Contact Author)

University of Tasmania - Faculty of Law ( email )

Private Bag 89
Hobart, Tasmania 7001
Australia

HOME PAGE: http://www.utas.edu.au/law

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