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House Hansard - 78

44th Parl. 1st Sess.
May 31, 2022 10:00AM
  • May/31/22 7:11:57 p.m.
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Madam Speaker, I thank my friend and hon. colleague from Saanich—Gulf Islands. I agree with her that the recent IPCC report is a stark reminder of the impact of climate change. As climate impacts intensify, it is only becoming more obvious that moving to a clean net-zero economy is critical to protecting the well-being of Canadians and communities and securing Canada's economic future. At COP26, Canada announced that it would take additional action to significantly reduce GHG emissions from the oil and gas sector by setting emission caps. At COP26, Canada also joined over 100 countries in signing the global methane pledge to reduce global anthropogenic methane emissions by 30% by 2030. Canada will lead the way on oil and gas methane by going beyond our current target of 40% to 45% reduction by 2025 to reduce emissions by 75% by 2030. As countries and businesses around the world move rapidly toward net-zero emissions, more ambition is needed today to ensure that Canada is not left behind and can secure a foothold in the low-carbon future. In 2021, as the hon. member knows, the Canadian Net-Zero Emissions Accountability Act became law. The act enshrines Canada's commitment to achieve net-zero emissions by 2050, establishes Canada's 2030 target as the first key milestone for this path and ensures a transparent and accountable process in meeting our climate objectives. The 2030 emissions reduction plan, or the ERP, was established on March 29 and is the first of many to come under the act. The ERP is about more than achieving incremental GHG emission reductions to reach Canada's 2030 target; it is also about putting in place foundational measures to ensure that Canada's future not only is carbon-neutral, but makes energy alternatives more affordable and creates new, sustainable job opportunities for workers. The ERP includes a suite of new mitigation measures and strategies, building on the foundation set by the pan-Canadian framework and the 2020 strengthened climate plan and considering the best available science, indigenous knowledge and the advice of the net-zero advisory body. Achieving Canada's climate objectives will be a whole-of-economy and whole-of-society effort. Every economic sector has a role to play and a responsibility to reduce emissions, but the pathway to achieving emission reductions will look different for each. The 2030 ERP takes into account this reality, sets out guideposts for each sector to further reduce emissions, and highlights the measures and strategies toward emission reductions of 40% below 2005 levels. Finally, the hon. member will know that the emissions reduction plan includes $9.1 billion of new federal investments, on top of the $100 billion that has already been invested since 2015, very important investments indeed in climate action.
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