Question Period Note: CANADA’S 2030 EMISSIONS REDUCTION PLAN

• Canada is committed to reducing greenhouse gas emissions by 40 to 45 per cent below 2005 levels by 2030, and achieving net-zero emissions by 2050. The Canadian Net-Zero Emissions Accountability Act provides a durable framework, based on ensuring accountability and transparency, to deliver on this commitment.
• This past year, Canada released its first Emissions Reduction Plan under the Act, with $9.1 billion in new investments, providing a roadmap that goes sector by sector with the measures needed for Canada to reach its ambitious and achievable emissions reduction targets in a fair and affordable way. This includes investing $1.7 billion to extend the Incentives for Zero-Emission Vehicles program to make it more affordable for Canadians to buy and drive new electric vehicles, and incentives for homeowners to retrofit their homes to be more energy efficient.
• The 2030 Emissions Reduction Plan builds on significant progress Canada has already made to address climate change since 2015, including hallmark climate action such as establishing a price on pollution as well as incentive programs to make climate smart decisions more affordable, like the Canada Greener Homes Grant which is providing up to 700,000 Canadian housesholds with up to $5000 to make energy efficient home improvements, such as purchasing heat pumps.

Canada has made significant progress to address climate change. Since 2016, the Government of Canada has delivered $100 billion in investments for climate action, and with the release of the 2030 Emissions Reduction Plan, the Government of Canada announced a number of new actions and new investments to further reduce greenhouse gas emissions.
Taking into consideration the best available science and Indigenous knowledge, the 2030 ERP includes a host of new measures and strategies across all sectors of the economy, including investments of $9.1 billion to fight climate change. The plan puts in place the essential building blocks to grow a strong, resilient economy and meet Canada’s 2030 target, while leaving the flexibility to adapt to the future. Provinces and territories, Indigenous Peoples, the Net-Zero Advisory Body, Canadians, and key stakeholders were all engaged when establishing this 2030 ERP. Throughout the plan, the important insights provided by these groups has been reflected.
Canada’s 2030 target of 40-45% below 2005 levels is ambitious, required and achievable—reflecting both the scale of the climate crisis and economic opportunity that climate action presents. The strategies and measures outlined in the plan position Canada to achieve the lower bound of its target of 40-45% below 2005 levels. However, with increased ambition from key actors, including provinces and territories, municipalities, Indigenous Peoples, and businesses, as well as with the acceleration of clean technology innovation and deployment, the upper bound of Canada’s 2030 target will be well within reach.
Canada is also committed to achieving net-zero emissions by 2050. The Canadian Net-Zero Emissions Accountability Act, which received Royal Assent on June 29, 2021, provides a durable framework of accountability and transparency to deliver on this commitment. The Act aligns Canada’s 2030 target with its Nationally Determined Contribution submission (40-45% below 2005 levels), and requires the Minister of Environment and Climate Change to set subsequent targets for 2035, 2040, and 2045, at least 10 years in advance. The Act holds the federal government accountable as it charts Canada’s path to achieve net-zero emissions, by establishing a transparent process to plan, assess, and adjust the federal government’s efforts to achieve our national targets, based on the best scientific information available. It also provides for public participation and independent advice and review with respect to those efforts.

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