Mr. Speaker, here we are, Wednesday night, after midnight. Déjà vu, all over again.
Our government is committed to achieving Canada's targets and our record speaks for itself. We will continue to take action with our sector-by-sector approach that has been achieving real results while fostering economic growth. So far, our government has contributed to reducing Canada's emissions through stringent regulations for the transportation and electricity sectors, two of the largest sources of emissions in Canada.
I would now like to take a moment to highlight some of the great achievements we have made so far. First, Canada has strengthened its position as a world leader in clean energy production by becoming the first major coal user to ban future construction of traditional coal-fired electricity generation units. Second, 2025 passenger vehicles and light trucks will emit about half as many greenhouse gases as 2008 models. Third, greenhouse gas emissions from 2018 model year heavy-duty vehicles will be reduced by up to 23%.
Let me reiterate. Our government's collective actions are achieving real results. Thanks to our actions, carbon emissions will go down close to 130 megatonnes from what they would have been under the Liberals. This is a reduction equivalent to the elimination of 37 coal-fired electricity plants. We are accomplishing this without the NDP's carbon tax, which would raise the price of everything.
Between 2005 and 2011, greenhouse gas emissions have decreased by 4.8%, while the economy has grown by 8.4%. Per capita emissions are at an historic low. In addition to doing our part through the United Nations, we are also actively involved in fora such as the Arctic Council, the Montreal protocol, and the climate and clean air coalition, to develop practical and collaborative initiatives to reduce greenhouse gas emissions and short-lived climate pollutants.
Canada has strong international commitments to support developing country mitigation and adaptation efforts. Our Conservative government, in partnership with other developed countries, has fully delivered on the fast start financing commitment, which provided $30 billion over the three-year period of 2010 to 2012. In fact, we exceeded the commitment by providing $33 billion. As can clearly be seen, the figures speak for themselves. Our government has committed the largest ever contribution to support international efforts to address climate change, a contribution that has supported mitigation and adaptation efforts in over 60 developing countries.
We remain committed to working with other countries to address climate change.