Question Period Note: How is Canada demonstrating its leadership on climate change internationally

Canada's approach to climate change is based on science and is focused on demonstrating leadership in the global effort to transition toward a low-carbon, climate resilient global economy.

• Canada is steadfast in its commitment to ambitious climate action. It has taken on a leadership role in supporting developing countries to address climate change while also delivering on its commitments under the Paris Agreement.
• At the June 2021 G7 Leaders Summit, Canada announced a doubling of its international climate finance commitment to $5.3 billion over the next five years.

• At COP26, Canada announced that more than $2 billion would be for adaptation, more than $1 billion would support nature-based solutions and biodiversity co-benefits, and atleast $1 billion would support the phase-out of coal.
• Gender equality is a priority in Canada's climate change programming. Canada's Feminist International Assistance Policy recognizes that environment and climate action is most effective when women and girls play an active role.

• Canada also works with the G7, G20 and other partners, including international financial institutions, to eliminate financial flows harmful to nature and to advance ambitious new commitments, including phasing out support for coal.

Climate change and biodiversity loss pose a fundamental global threat with poor, marginalized countries and vulnerable communities most impacted.

In June 2021, at the G7 Leaders Summit, world leaders adopted the 2030 Nature Compact, agreeing to work towards net-zero emissions by 2050 and reverse the decline in nature by 2030. Canada also announced a doubling of its international climate finance commitment to $5.3 billion over the next five years (2021-26). At the 26th United Nations Climate Change Conference (COP26), held in Glasgow in November 2021, Canada announced that over $2 billion of this funding would be for adaptation, over $1 billion would support nature-based solutions and biodiversity, and at least $1 billion would help developing countries to phase-out coal. Canada also endorsed the United Kingdom-led Global Forest Finance Pledge, which aims to identify US$12 billion in public finance (2021-25) to reduce deforestation. This funding is being delivered through a range of multilateral and international financial institutions (Asian Development Bank, World Bank), other climate and environment-focused facilities (Green Climate Fund, Global Environment Facility), and bilateral channels.

Canada's Feminist International Assistance Policy identifies environment and climate action as a key thematic area, requiring gender equality considerations to be integrated across climate programming. Canada also encourages innovative approaches to financing sustainable development to help developing countries meet their Sustainable Development Goals.

Canada works with our partners, including international financial institutions, to encourage the elimination of financial flows harmful to nature and to advance ambitious new commitments including phasing out support for coal. Canada also supports the work of the UN and the Secretary-General's Special Envoy for Climate Action and Finance to ensure that private finance accounts for the risks and opportunities of climate change.

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