Mr. Speaker, the UN report was clear that we are the first generation to feel the impacts of climate change, and we are the last generation to be able to act. This is not just about future generations. This is about my kids and the kids of everyone here and the kids of everyone in this country. For children who are 10 years old today, we are talking about catastrophic impacts in 30 years, when they are 40 years old, if we do not take action.
Action on climate change should not be a partisan issue. It will affect all of us, whether we are rich or poor, whether we live in the north of the country or the south, whether we vote on the left of the spectrum or on the right of the spectrum, whether we are urban or rural. We are all in this together, and we need to come together.
Meanwhile, we have one party, the Conservative Party, that has no plan for climate change, and worse, thinks that polluting should be free. There are huge costs to pollution, and these are costs that we are paying as Canadians. Everyone across the country has seen this summer extreme heat. We have seen forest fires that are burning longer and brighter than ever. We have seen floods. We have seen droughts. Our Arctic is literally melting.
We need to act on climate change, and our focus should be on how we do it. How do we implement the climate plan that our government negotiated with provinces and territories, with indigenous peoples, with cities and towns, with businesses, with environmentalists, with hospitals, with schools, with all Canadians? We have a plan, and now we need to implement it.
The other problem with the Conservatives is that they do not understand the huge economic opportunity of action on climate change. It is in the trillions of dollars. There is a huge opportunity to do things better. We did not get out of the stone age because we ran out of stones; we got smarter.
We are seeing Canadian companies that are innovating. These are companies like CarbonCure, which is making cement that is lowering greenhouse gas emissions. They take the greenhouse gases from industry, they inject them, and they create stronger and cheaper cement. This solution is being used in California, where I saw it in a cement factory, and it is being used around the world. Would we not want good jobs? Would we not want economic opportunity? We need to take action on climate change. We need to create good jobs. We need to grow our economy, and that is exactly what we are doing.
I am extremely proud that under our government, we have created more than 600,000 jobs for Canadians. We have one of the lowest unemployment rates in decades. Our economy is the fastest-growing economy in the G7, and also we are reducing emissions.
We need to recognize that there is a huge cost to climate change. This is a cost that has gone from $400 million a year just over a decade ago to over a billion dollars. The UN report talks about the cost of climate change: $50 trillion. These are costs that are going to be borne by people. We need to act. As I said, we are the last generation to be able to act on climate change.
When we look at some examples of disasters, we can look at the Fort McMurray wildfire in 2016. It cost almost $9 billion. We know that we are going to continue to see wildfires like that, and they are going to get worse. However, if we take action, we can limit the impact.
In Paris, I was involved in negotiating the Paris Agreement with a delegation that included Conservatives, NDP representatives, the member from the Green Party, indigenous leaders, and premiers of all political persuasions. We all came together with the rest of the world, and we said that we all need a plan. For the first time ever, every country's representatives said that they were going to act on climate change. I pushed very hard, as a representative for Canada, to strive for 1.5 degrees. We, Canada, as a country, knew that we needed to be ambitious, not just for Canadians but also for people around the world.
One of the saddest moments I have ever witnessed was at COP 22, where we had a representative from a small island state speaking to an Inuit leader, and the Inuit leader said, “My homeland is melting, and it is causing yours to go under water.” This is what we are talking about. We are talking about the impacts of climate change that we see around the world. We really do need to come together.
We can think about what we have done as a government. We helped negotiate the Paris Agreement. We pushed for 1.5 degrees. We pushed to recognize the role of indigenous peoples in the Paris Agreement. We pushed for market measures, and then we came home and did the hard work.
We spent one year negotiating with the provinces and territories and indigenous leaders. We listened to Canadians from coast to coast to coast. It is clear that Canadians want climate action. They want smart action that is going to tackle climate change, reduce our emissions, create good jobs and grow our economy.
Let us talk about our plan.
Our plan includes phasing out coal. We know that coal is not just bad for the environment but is extremely bad for human health. The previous Liberal government of Ontario phased out coal, and Ontario went from over 50 smog days to zero. That had an impact, and not just on people's health. It meant fewer kids with asthma and fewer premature deaths, but it also meant less cost in terms of hospital visits. It was a good thing for the environment, for health and for the economy.
We are also making historic investments in public transit. When I talk about the investment in public transit and LRT in Ottawa, that is going to be the largest reduction in greenhouse gas emissions in the city's history. It is also good for people who live in Ottawa. They can get to places faster, cheaper and in a cleaner way. We are also investing in electric vehicles and a transportation strategy, because we know that we need to reduce emissions across the board.
We also know that we need to reduce emissions in how we build things. We have a net-zero building strategy. We have also made historic investments in social housing. We know that the people who are the most vulnerable should pay the least when it comes to their heating costs.
I was here in Ottawa visiting new social housing built to the passive standard. The cost for a resident in that building will be $12, not a month but a year, in heating costs. That is a huge opportunity.
We are making historic investments in renewables and also in interconnecting grids. We know that provinces that are getting off coal can be linked with provinces that have clean power.
We are also making investments in energy efficiency. We are supporting Canadian businesses, hospitals, schools and individuals who want to do right by the environment and want to save money. The thing is, that also creates great jobs. It creates jobs for contractors. It creates jobs for builders, and it creates jobs for the people who are building the material. That is good for the economy.
There are so many opportunities for us to come together and take action on climate change. However, we also need to recognize that there is a cost to pollution. It is not free to pollute. It is literally a cost that is now being borne by Canadians.
When we looked at how we could do this, we gave two years to all the provinces to come up with their own plans for putting a price on pollution. Some provinces stepped up and showed leadership. The provinces that have, or had, a price on pollution, which were B.C., Alberta, Quebec and Ontario, until, unfortunately, recently under the new government, were the fastest-growing economies in the country while they were serious about tackling climate change. That is what we want. We want the environment and the economy to go together.
We also told the provinces to design their own plans and decide what they wanted to do with the revenues. The revenues will always stay in the provinces in which they are collected. A province like Saskatchewan could potentially cut its whole provincial sales tax, or it could do like other provinces, such as Quebec, and invest in clean technologies and electric vehicles, or British Columbia, and give money back in the form of tax cuts. However, what we cannot do is let big polluters get a free ride. We are all paying the cost of pollution.
We have a huge economic opportunity. When we say that there is a cost to pollution, businesses innovate. They figure out how to reduce the price of polluting by coming up with cleaner solutions. Those are clean solutions that they can then use and export. They will and are creating good jobs in Canada. That is what we want.
We are always focused on how we grow the economy, how we create good jobs and how we do right by the planet. When we look at what is happening across the country, there are so many great stories of companies that are tackling climate change and also growing their bottom line.
Take VeriForm, a steel manufacturer in Ontario, which is focused on energy efficiency retrofits. It cut almost 80% of greenhouse gas emissions and it saved $2 million. When I met with the owner, he said that even if he did not care greatly about climate change, which he does, he would have invested in these energy efficiency measures, because they added to the bottom line.
In Quebec, GHGSat is a company that uses satellite technology to measure emissions. Now people around the world are looking for this technology. When I talk to farmers in Manitoba and Saskatchewan, they are using climate resilient crops for zero-till agriculture. They are part of the solution. Why? Because they also recognize that they are being impacted by climate change. Everyone is impacted by climate change. It does not matter if it is a farmer in Saskatchewan or an Inuit in the high Arctic, we are all feeling the impacts from climate change. We all know we need to act.
When it comes to a price on pollution, we just found out last week that the winners of the Nobel Prize in economics are economists that showed that putting a price on pollution works. What did they use as the best example of that? It was British Columbia. What did British Columbia do? It put a price on pollution. It gave money back in the form of tax cuts, and it has been able to have one of the fastest-growing economies in the world while at the same time reducing emissions. It has one of the top clean tech sectors in the world.
I am proud that under our government, we have supported the clean technology sector and are focused on how to help companies have clean solutions. Those could be mom and pop shops or the big game-changing solutions. We are now punching way above our weight. Thirteen out of the 100 top clean tech companies are Canadian. That is something we should be totally proud of, but I want to see half those companies be Canadian. That is what our goal is. Our goal is to figure out how we do right by the planet, how we reduce emissions and how we create solutions the world so desperately needs.
Let us talk about what is going on around the world. COP24 is coming up. We need to get the rules for the Paris Agreement. The Paris Agreement is like the car; now we have to get the engine. We are working very closely with China and the European Union. Unfortunately, the U.S. stepped back on climate action.
What have we done as a country? We have stepped up. We are committed to the Paris Agreement, which includes being more ambitious. Every five years, everyone needs to ratchet up ambition.
We are also focused on phasing out coal and helping countries around the world do this. Canada and the U.K. have a powering past coal coalition. There are countries and businesses from around the world that are joining. Why? It is because they know that we need to get out of coal. If we are going to meet our Paris Agreement targets, we have to do that, but there is a huge opportunity, because the price of renewables has dropped.
My hon. colleague from the NDP talked about the need to support a just transition. I was just meeting with our just transition task force and talking exactly about how we can do that. This is a task force that went to communities where we are phasing out coal. They talked to workers. They talked to communities. We have labour unions and businesses involved. How do we figure this out and transition to a cleaner economy? It is better for the environment, but it is also a $30-trillion opportunity. That is not coming from me. That is coming from the governor of the Bank of England, Mark Carney. That is coming from the head of BlackRock. That is coming from businesses across the world that recognize that we need clean solutions. They recognize the risks of inaction.
The challenge is that we have one party, the Conservative Party, that does not want any action. The Conservatives took no action for the last decade. The emergency we are talking about right now was an emergency 10 years ago. This was an emergency, and they never took it seriously, and now what do they want to do? They want to kill all climate action—