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CANADIAN APPROACHES TO SUSTAINABLE DEVELOPMENT FINANCE IS INNOVATIVE
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INNOVATIVE FINANCING FOR SUSTAINABLEDEVELOPMENT
CANADIAN APPROACH
COURSE : FINANCIAL ACCOUNTING II
PROFESSOR : MALIKA SINGH
MARCH 10, 2021
,INTRODUCTION
Micro-contributions, taxes, public-private alliances, and market-based financial
transfers are examples of non-traditional methods for raising additional funds for
development assistance through "innovative" ventures. Sustainable development
is described as development that meets current needs without jeopardising
national governments' ability to meet their own.
This aim focuses on developing and expanding renewable energy resources such
as solar, wind, hydropower, liquid and solid biofuels, biogas, and geothermal
energy. These renewable energy sources do not release greenhouse gases into
the atmosphere, making them good for the climate and human health. Canada's
Feminist International Assistance Policy was initiated in 2017, with the aim of
eradicating poverty and fostering a more stable, equitable, and prosperous world.
Canada is convinced that the most successful way to accomplish these goals is to
promote gender equality and empower women and girls.
The Canadian government has a variety of financial and non-financial
instruments at its disposal to achieve its goals. To achieve these goals, the
Canadian government has a variety of financial and non-financial instruments at
its disposal.
Global Affairs Canada (GAC), for example, has used conventional grant and
donation agreements to achieve sustainable development goals such as reducing
maternal mortality, increasing food security, and protecting refugees and
internally displaced persons over several decades.
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, These types of investments will continue to be an important part of Canada's aid
strategy. Parallel to this, Canada is eager to seize new prospects for development
collaborations and to promote promising new approaches. As a result, the 2017
Policy stresses Canada's dedication to better managing its Official Development
Assistance (ODA) to generate new sources of public and private financing for
sustainable development, as well as expanding its collaborations in this regard.
This can be accomplished by using a variety of novel regulatory regimes, ranging
from compensation arrangements to debt, guarantees, equity, and sovereign loan
investment. Canada does everything it can to achieve the Sustainable
Development Goals (SDGs) and to acknowledge the size and complexity of what is
needed to raise all communities out of poverty by attracting new opportunities
and partners to complement its ODA.
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