OTTAWA – By taking bold climate action, Canada will create new jobs for the future, strengthen the economy, and grow the middle class, while also ensuring clean air and water for our kids and grandkids, said Prime Minister Justin Trudeau today.
During today’s Leaders Summit on Climate, Trudeau announced Canada will enhance its emissions reduction target under the Paris Agreement by 40-45 per cent below 2005 levels by 2030.
“Canada understands that if you don’t have a plan to tackle climate change, then you don’t have a plan to create jobs and economic growth,” said Trudeau. “Canada is a committed partner in the global fight against climate change, and together we will build a cleaner and more prosperous future for all.”
In his address, Trudeau highlighted the importance of working with other global leaders to tackle climate change, create growth, and improve the well-being of all people.
Today’s announcement builds on the $53.6 billion that the government has invested since October to establish Canada’s green recovery for the COVID-19 pandemic, create jobs, and secure a cleaner future for everyone. Budget 2021, announced this week, also builds on that approach, including through a new investment in Canada’s Net-Zero Accelerator that will incentivize Canadian business and industry to develop net-zero technologies, and build a clean industrial advantage.
Budget 2021 includes $101.4 billion over three years in proposed investments as part of the Government of Canada’s growth plan that will create good jobs and support a resilient and inclusive recovery.
Budget 2021 also includes new measures to make life more affordable and communities more livable by helping more than 200,000 Canadians make their homes greener and working towards conserving 30 per cent of Canada’s lands and oceans by 2030.
These new measures will help Canada exceed its Paris climate targets, reduce pollution, and help us reach net-zero emissions by 2050.
Under the Paris Agreement to the United Nations Framework Convention on Climate Change (UNFCCC), countries agreed to collectively strengthen the global response to climate change, including by limiting global warming to well below 2°C, while also pursuing efforts to limit warming to 1.5°C. Canada will formally submit its new Nationally Determined Contribution to the UNFCCC in the coming months.