RECOMMENDATIONS FOR BUDGET 2024 1 - Nature Protection and Recovery 2

Many of the recommendations in this document are relevant to the rights and authorities of Indigenous peoples—First Nations, Inuit, and Métis—whose traditional territories and knowledge are integral to the achievement of Canada’s climate and conservation goals. [...] Delivering the transformational change required to effectively tackle the twin crises of biodiversity loss and climate change requires that biodiversity and ecosystem services are recognized and factored into decision-making and investments across governments and society and that public policies and financial flows are aligned with framework goals and targets.10 The KMGBF commits Canada to “identi. [...] Action is urgently needed to identify environmentally harmful subsidies in Canada14 and to pursue innovations in federal subsidy and tax reform, budgeting and policymaking, and leadership in the expansion of green financial products, to improve coherence between economic and environmental policy, and reorient the flow of public capital to catalyze new nature- positive economic opportunities. [...] Recommendation: To deliver on Canada’s nature protection and recovery commitments, the federal government must: Photo: Ivan Fox • Invest in long-term financing arrangements to support Indigenous-led and co- led conservation initiatives and partnerships to protect, restore and steward land and ocean ecosystems, and to support provincial/territorial governments, civil society and others to be good p. [...] In this context, the sees as the best options to make further progress to federal government has a critical role to play as a key reduce emissions over the coming years, providing leader to position investments and policy to drive benefits for the climate and the environment, as emission reductions, as well as to create market well as the economy, and improving equity, human certainty and draw in.