MacArthur Foundation’s ‘impact banker’ gets a $750 million mandate, up 50%

Today, about 80% of Canada’s electricity comes from emissions-free sources. Wind and solar remain, by far, the cheapest new sources of electricity to add to the grid, according to the 2026 levelized-cost-of-energy report by the global accounting firm Lazard. But to build a grid that emits less carbon, we need much more capacity: as Canada’s roads, homes, buildings and industries reduce their depen