Thank you, Chair.
I would like to continue the questioning with Mr. Mertins-Kirkwood.
These are questions that will be squarely in your wheelhouse as well.
Both yesterday and today, there's an event in Ottawa, the Sustainable Finance Forum, where, among others, the sustainable finance action council is present. This group was set up in 2021 to provide advice to the Minister of Finance on how to build a sustainable finance system. Part of that is the development of a taxonomy that could be utilized across the sector.
We know from other countries that have brought this in, for both transition finance and green finance, that it's had a big impact. We heard yesterday that Japan has had about $20 billion of investment in the transition space in the wake of bringing that in.
I was hoping you could explain to this committee the importance of Canada's adopting such a framework, both to crowd in investment as well as to deal with issues like greenwashing in Canada.