Thank you very much for your comments.
Certainly, we do have a position on the electrification of fleets, and we watched with interest Mayor Holder's testimony here. I think London is a great example of the kinds of investment that cities are trying to gear up to make in terms of converting their diesel transit fleets towards electric. This is happening in communities across the country and is an increasing priority with our members, both in big cities and in medium-sized and smaller communities across the country.
You're right to say that the emission reduction possibilities through the electrification of fleets, particularly diesel transit, is really significant. FCM's position, which we will be presenting as part of the federal budget submission that we make to the committee, is to invest particularly in the electrification fleets. A target that FCM is reaching for is 50% of the municipal fleets to be converted over 10 years. That's about 7,000 diesel buses.
Again, the emissions targets that we'd be able to meet are 13% of the gap for the Paris target, so it's quite significant and in line with the direction that we've seen coming from your government. It's certainly a big priority in communities across the country, in both large and mid-size communities in particular, to be able to advance and meet our climate targets in such a substantive way.