We're already paying the cost of climate change right now. We've gone from $400 million in costs a decade ago to $2 billion. The costs are estimated to rise to $43 billion or more.
We're paying the costs, and we have a huge economic opportunity of clean growth. You can tackle climate change, grow the economy and create good jobs, and do it in an affordable way. Let's be clear: with a price on pollution, we're giving the money back. All the money is going back to Canadians. That means that 80% of them are better off; it is the Parliamentary Budget Officer who is saying that the 20% who are going to pay more are the wealthiest.
We need to take action on climate change, but the way you develop a climate plan is by actually working with Canadians. It's doing the hard work over a full year, negotiating with provinces and territories, indigenous peoples and cities, hearing from Canadians of all sorts—environmentalists, young people. You don't make a climate plan in secret meetings with oil lobbyists. You simply don't. That is not what the future looks like.
I am the environment minister for energy workers as well as young people, people who live in the north and people who live in the south, and we have a responsibility. We can show the world how you can tackle climate change while you're a natural resources-based economy, and how you can do it in an affordable way by creating jobs. I'm proud that we have the Carbon Pricing Leadership Coalition, where you have the major companies in Canada stepping up and saying, yes, we have to put a price on pollution. I'm proud that we have young people marching on the street demanding more of us, not less.
We all need to take climate change extremely seriously. It is not just an environmental issue. It is an economic issue. It is a health issue. It is an existential issue for indigenous peoples and for people who live in small island developing states where they are literally going under water, and, as the Pope has said, it is a moral issue.
We need to continue acting on climate change. We have a plan that we are working hard on. We will meet our targets and then, you know what, we're going to do more because we need to do more. The whole world needs to do more, but hard things are hard. It's hard for countries around the world. I was really pleased to be hosting a nature summit last week in Montreal, where governments were talking about how we can do more on climate change through nature-based solutions. That's amazing.
That's why here in Canada we have Stephen Guilbeault,
a leading Quebec environmentalist who is helping us do more by telling us how Canada can reduce its emissions in the transportation sector and how to build greener buildings.
Tamara Vrooman, who is the head of Vancity, is also providing us solutions. I was in Vancouver seeing an affordable housing build that is net zero. How awesome is that? We can do amazing things. We have the ingenuity. We are Canadians. We can tackle climate change. We live in one of the coldest—and sometimes one of the hottest—countries, and we can build better. We can get around better. We can do it all while creating good jobs and making life affordable and bringing folks together. That is what we are committed to doing. That is what I will continue spending every single waking moment doing. I am a competitive swimmer. We have a goal. We've set the goal. Every single day we're going to continue working on this goal. I'm going to do everything I can, my damnedest, to bring people together so we can do this.