Mr. Speaker, I am pleased to speak to the very important Bill C-311 today. I will probably not take all the time I am allowed, because I want to give more of my colleagues the opportunity to speak.
This bill is very crucial because it is part of a strategy to fight climate change. Yes, it is a Canadian strategy, but it is first and foremost an international one.
I remember when Canada ratified the Kyoto protocol in 1997. A few years later, the protocol was consolidated by the introduction of Bill C-288 by the Liberal Party. Countries like Canada must not just sign international agreements or an international protocol on climate change. They must follow up with legislation supporting these agreements. That was the reasoning behind Bill C-288, introduced by our Liberal colleague at the time.
With only months before the important conference on climate change to be held in Cancun in December, Canada must wake up and be a leader on the international stage. The government must immediately invite its counterparts to discuss climate change at the G8 and G20 summits. Discussions will focus on three aspects—financial reform, banking reform and international assistance—but the issue of climate change must also be addressed.
For that reason, the Minister of the Environment must invite his G8 and G20 counterparts to a meeting as soon as possible to discuss the issue of climate change. Why? Because the discussions prior to a conference of the parties on climate change are vital. If the major players—the industrialized countries or the emerging countries—are unable to come to an agreement in the weeks or months ahead, the success of the Copenhagen summit will be compromised.
We must also send a message to Canadians and Quebeckers indicating that we are prepared to adopt legislative measures to fight climate change. A law must be passed to engage in this fight. Section 5 of Bill C-311 provides all that is needed to send a clear message.
First, we must prevent temperatures from rising more than 2°C above industrial era temperatures. This must be very clear because a number of international studies, in particular those conducted by the IPCC, no longer refer to a 2° increase in temperature, but an increase of 4°C or 5°C. We must make it very clear to our partners, and to all those concerned, that we must prevent temperatures from increasing by more than 2°C.
Now, how can we limit that increase? By setting clear objectives and specific targets. Bill C-311 goes beyond other bills that I have read or motions that have been passed in the House. It does not just set a long-term goal like 2050. An 80% reduction in greenhouse gases by 2050 is fine, but there need to be short- and medium-term goals. The proposal is for a 25% reduction by 2020, in relation to 1990 levels.
This is what experts and scientists are recommending in order to limit the increase in temperature. The bill has the advantage of using all available options to reach these objectives.
One of these options is the creation of a carbon exchange to cap greenhouse gas emissions. We have been proposing this for a decade or so.
The entire Montreal market was ready. At the end of the 1990s, when an agreement was signed with the Toronto Stock Exchange and Montreal decided to specialize in derivatives, some specialists in the Quebec financial sector brought up the carbon exchange. They knew that it was an attractive derivative and that Montreal could make a significant contribution to this specialization. And that laid the foundation for the Montreal climate exchange.
Then two weeks ago, the government announced that we would have to wait at least a year, if not two, before a carbon exchange could be set up in Canada. Two years ago, the environment minister at the time was so pleased with himself when he launched the Montreal climate exchange. Two years later, his successor announced that the whole thing was being put on hold. The government has refused to set targets that respect scientific recommendations and has decided to ignore all of the options set out in the Kyoto protocol. Yet it is allowing some large groups to contribute to the fight against climate change. Basically, this government has decided to give up.
I remember making similar speeches in the House in the 1990s. I was sitting in more or less the same place, but about four rows back. Back then, Reform and Alliance MPs said that climate change was a natural phenomenon and that there was no link between human activity and rising temperatures.
Now we are back at square one. We are back to having to discuss the issue yet again. How long will that last? Nobody knows. But one thing is for sure: the G20 summit in June will provide a golden opportunity to put this issue on the agenda and to make sure that the G20, which is made up of important partners, can agree on a plan for the Cancun conference in December.
That is why I see this bill as part of a comprehensive strategy to fight climate change that starts with getting the G8 ministers together as soon as possible and ensuring strong support in the House for Bill C-311.
I thank my colleague for introducing this bill. We will be very happy to vote in favour of it.