Yes, Mr. Chair. I am pleased to introduce an amendment to add new subclauses 7(1.1), 7(2) and 7(3) for the Canadian net-zero emissions accountability act.
On April 22, 2021, during the leaders summit on climate organized by President Biden, Prime Minister Justin Trudeau announced that Canada will enhance its emissions-reduction target under the Paris Agreement, known as a nationally determined contribution, to a 40% to 45% reduction of greenhouse gas emissions below 2005 levels by 2030.
This amendment strengthens the act by codifying the target announced in May of reducing Canada's GHG emissions to 40% to 45% below 2005 levels by 2030. Also of importance is that this amendment also prevents backsliding from Canada's greenhouse gas emissions targets by providing that a target for a specific milestone year must represent a progression beyond the previous one and be as ambitious as Canada's most recent nationally determined contribution.