Why We Wrote This
RBC launched the Climate Action Institute in 2023 to support Canadians in our collective journey to Net Zero, with a commitment to inform, engage and act on all aspects of the climate challenge. In our first year, our team published 20 research papers, on topics ranging from electricity regulations to mass timber. We’ve engaged with governments, industries and community groups, to share insights and ideas. We’ve heard and learned from Canadians at the forefront of climate change. And we’ve helped launch two groups—the Canadian Alliance for Net Zero Agrifood and the Climate Smart Buildings Alliance—to help develop private sector strategies to reduce emissions.
Read More about Why We Wrote This(opens a modal window)
John Stackhouse
Senior Vice-President, Office of the CEO
SECTORS
Oil and Gas
Why reining in methane may be the cheapest and fastest way to cut oil and gas emissions
Transportation
More than half a million EVs are on Canadian roads. That number needs to grow exponentially by 2030
Buildings
Governments and early adopters have driven heat pump adoption. Now comes the hard part
Electricity
Despite the wind power surge, Canada’s struggling to meet its goals for the renewable energy source
Heavy Industry
How Alberta became a magnet for green chemicals investments
Agriculture
The world is eyeing novel solutions to power carbon market. Canada needs to catch up
Ideas For 2024
As Canada enters the middle third of this critical decade — “the decisive decade,” as the 2020s have been called—more pragmatic ideas can get us closer to our climate goals.
Many of these ideas will require more collaboration, between governments and industries, and within sectors and networks. History has taught us that large-scale and rapid transformation can’t happen without networks and a collective will to look and think beyond boundaries. Emissions, after all, have little regard for boundaries. So, too, should the next chapter of climate action.
MORE INFO
About
Read our methodology and about the team behind Climate Action 2024
RBC Climate Action Institute
The Institute aims to inspire Canada’s Net Zero journey
Latest Research
Canada’s Energy Transformation: An Outlook Of Supply And Demand In The 2030s
A Year of Climate Action
RBC launched the Climate Action Institute in 2023 to support Canadians in our collective journey to Net Zero, with a commitment to inform, engage and act on all aspects of the climate challenge. In our first year, our team published 20 research papers, on topics ranging from electricity regulations to mass timber. We’ve engaged with governments, industries and community groups, to share insights and ideas. We’ve heard and learned from Canadians at the forefront of climate change. And we’ve helped launch two groups—the Canadian Alliance for Net Zero Agrifood and the Climate Smart Buildings Alliance—to help develop private sector strategies to reduce emissions.
We’re also setting out here to give Canadians an annual progress report on climate action, to show the country where we’re at, what’s working and what’s not. Climate Action 2024 was produced by the Institute’s research team, led by Myha Truong-Regan, who compiled databases on leading sectors, conducted surveys of Canadians, business leaders and farmers, analyzed consumer behaviour and interviewed scores of climate experts. The resulting report is anchored by six sectoral report cards, each with a deeper dive on the most pressing issue or opportunity in the sector. We search out individual and collective action, through case studies and “climate hero” stories of Canadians tackling complex problems, in technology, education, farming and community building. Lastly, we’ve anchored the report with a list of ideas, to create a springboard for more progress in the year ahead.
If we put our minds to it, this can be Canada’s climate action decade.
John Stackhouse
Senior Vice-President, Office of the CEO