Mr. Speaker, in response to my hon. colleague's remarks, I have to say that of course our government cares about the cost of living for Canadians, and that is why the Government of Canada has a serious, credible plan with low-cost measures to make sure we tackle climate change head-on.
Carbon pollution pricing is a common-sense way to reduce our emissions, invest in a cleaner tomorrow for our kids and grandkids, and help Canada compete in the emerging global low-carbon economy. In fact, last year, the province with a price on carbon pollution also led the country in economic growth. We know from experiences in B.C., Alberta and other provinces that governments can make sure that a price on carbon pollution protects middle-class families from any negative economic impacts. Putting a price on carbon pollution creates incentives for individuals, households and businesses to build on investments they have already made to lower their emissions. Carbon pollution pricing also reduces our impact on the environment.
The upfront costs to businesses and households depend on the design of the respective carbon pricing systems, the types of fuel consumed and how revenue is used or rebated. Revenues from the federal system will be returned directly to the province or territory that they came from. Revenues from pricing carbon pollution can be used to support Canadians, grow the economy and protect the environment. We have seen this already in B.C., Alberta and Quebec. B.C. has reduced income and business taxes and provided northern and rural homeowners a benefit of up to $200 annually. Alberta provides rebates to low- and middle-income households.
Canadians want to take advantage of these significant economic opportunities in the low-carbon economy. Analysis by the Global Commission on the Economy and Climate estimates that transitioning to a low-carbon economy will deliver direct economic gains of $26 trillion U.S. and generate 65 million new jobs, and help avoid 700,000 premature deaths by 2030.
With that, I want to reiterate that we do care about costs that will be incurred by Canadians. That is why our plan puts in place measures to ensure that these costs are not directly borne by Canadians. At the same time, we are doing what we need to do to protect future generations from the scourge of climate change.