A U.S.-based research group says the lender's commitment to achieving net-zero emissions from its lending by 2050 is insufficient.
) climate plans conflict with Ottawa's vision for a net-zero economy by 2050, according to the Institute for Energy Economics and Financial Analysis .
The findings come as rising borrowing costs challenge capital-intensive green investments. In 2021, RBC estimated that. Governments, businesses and communities would need to spend at least $60 billion annually, the bank says, up from roughly $15 billion per year when the report was published.
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