Thank you, Mr. Flato.
The Government of Canada recognizes the real impact of climate change on our environment, as highlighted by the IPCC. That’s why the government worked with the provinces and territories, and with input from Indigenous peoples, to develop and adopt the pan-Canadian framework on clean growth and climate change. This framework is Canada's plan to reduce greenhouse gas emissions, pursuant to the commitments in the Paris Agreement.
The pan-Canadian framework outlines over 50 concrete measures to reduce carbon pollution, help us adapt and become more resilient to a changing climate, promote clean technology solutions, and create good jobs that contribute to a stronger economy.
We've made significant progress implementing the pan-Canadian framework. We can point to several successes, such as new regulations to reduce methane reductions, establishing the Canadian centre for climate services to improve access to climate science and information, and making historic investments to support clean growth and address climate change.
A price on carbon pollution is a key part of Canada's plan to fight climate change and to grow the economy. Pricing carbon pollution is the most efficient way to reduce greenhouse gas emissions and stimulate investments in clean innovation. It creates incentives for individuals, households and businesses to choose cleaner options.
The federal government worked with provinces and territories giving them the flexibility to design their own climate plans that included putting a price on carbon pollution. Many provinces and territories took action and are either developing their own carbon pollution pricing systems or have accepted the federal system. As announced by the Prime Minister on October 23, the Government of Canada will put the federal carbon pollution pricing system in place in these provinces that do not take action. All direct proceeds from the federal system will be returned to the jurisdiction of origin.
Much work remains. The government will continue to work with provinces and territories, indigenous peoples, businesses, academia, youth and international government to inform the transition to a low-carbon and resilient economy.
Thank you.