The COP27 agreement, which nearly 200 countries signed after talks at the summit were extended through the weekend, states that transitioning to a low-carbon economy will require between US$4 and US$6 trillion in investments a year. Separately, signatories committed to creating a loss and damage fund through which wealthy countries will pay climate-vulnerable nations for harms caused by global warming. (The Logic)
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
The Big Read
The Real story: How one of Canada’s pioneering VC firms hit the wall
Montreal’s RailVision Analytics raises US$4M in seed funding
Government launches BDC legislative review
Suncor to retain downstream assets in defiance of activist investor push
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.