Mr. Speaker, with or without the government of the United States, the momentum around the Paris agreement and climate action is unstoppable. We in Canada look forward to working with many states and U.S. stakeholders, and with partners and communities around the world, to build these relationships while protecting the environment.
I am proud of the instrumental role we played in negotiating the Paris agreement. Today, we are steadfast in our determination to implement our commitments through our domestic efforts, which included the pan-Canadian framework, and through our global leadership, including through advancing the implementation of the agreement.
Canada's historic $2.65-billion commitment is our largest climate investment ever, and it shows our commitment to global action.
As a member of the High Ambition Coalition, we want to see more ambitious and accelerated climate action, not less. We want to move forward, not back. We want to build on the exceptional success of the Paris agreement and see the results, not bring the world back to discussions that took place years ago.
Canada will continue to play a leadership role when it comes to climate change. In September 2017, Canada will host and co-chair a ministerial meeting with China and the European Union to move forward on the implementation of the Paris agreement and encourage clean economic growth. In 2018, when Canada holds the G7 presidency, it will give priority to action on climate change and promoting clean economic growth.
Since forming government, we have worked hard here at home to develop pan-Canadian solutions with provinces and territories.
In the Vancouver declaration, the federal government and the provinces and territories agreed on two essential things. The first is to implement GHG mitigation policies in support of meeting or exceeding Canada's 2030 target of a 30% reduction below 2005 levels. The second is to increase the level of ambition of environmental policies over time in order to drive greater GHG emissions reductions, consistent with the Paris agreement.
In the pan-Canadian framework on clean growth and climate change, our government, along with provinces and territories, put forward a comprehensive, detailed plan that shows how we will meet our emissions reductions target, a plan that the previous government always failed to deliver.
Our government made it clear from the start that it was taking a very different path from the one the Harper government infamously took, which consisted in setting targets without ever coming up with a plan to achieve them and taking no real action to fight climate change. This has made Canada's targets that much harder to achieve, but we are determined to do so.