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House Hansard - 144

44th Parl. 1st Sess.
December 8, 2022 10:00AM
  • Dec/8/22 7:43:14 p.m.
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Mr. Speaker, through the G20, Canada has committed to rationalize or phase out inefficient fossil fuel subsidies. This was reaffirmed in June of 2021 when G7 leaders committed to eliminate inefficient fossil fuel subsidies by 2025. Canada has since accelerated this commitment to 2023. Environment and Climate Change Canada and the Department of Finance are working together to identify and assess relevant measures to fulfill this commitment. To date, important progress has been made. Nine tax preferences that supported fossil fuel exploration or production have been or are in the process of being phased out or rationalized. In addition to phasing out or rationalizing inefficient fossil fuel subsidies, at COP26, Canada signed the statement of international public support for the clean energy transition. This commits Canada to further prioritize and support clean technology and new direct public support for the international unabated fossil fuel sector by the end of 2022, and accept unlimited and clearly defined circumstances that are consistent with the 1.5°C warming limits and the goals of the Paris Agreement. Further, the December 2021 mandate letters committed the government to develop a plan to phase out public finances of the fossil fuel sector, including by federal Crown corporations. As climate impacts continue to grow in frequency and intensity, the government recognizes that a more ambitious strategic and collaborative approach is required to adapt and build resilience to changing climates. That is why the Government of Canada is developing Canada's first national adaptation strategy, working with provincial, territorial and municipal governments, indigenous people and other key partners. This strategy will establish a shared vision for climate resilience in Canada, identifying key priorities for increased collaboration, and establish a framework for measuring progress at the national level. A national adaptation strategy offers the opportunity to unite actors across Canada through shared priorities, cohesive action and a whole-of-Canada approach to reducing climate change risk. The strategy will build on an existing foundation of four adaptation efforts that saw roughly $4.8 billion invested in adaptation and specific programming since 2011. The program suite supports efforts to mainstream adaptation, build climate resiliency throughout communities in Canada, and strengthen and support capacity for action.
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