To address these issues, in 2016 the G20 launched the Green Finance Study Group, of which Finance Canada and the Bank of Canada are active members. The group issued a report last year with options to address green finance barriers at both the international and national levels. The study group will continue to build on this progress in 2017.
We are also aware of the likely impact on trade, since countries such as Kenya may be required to negotiate new bilateral agreements with the United Kingdom once it exits the EU. This may have an impact over the medium term, with reduced foreign direct investments as well as export earnings from the UK and EU.