Madam Speaker, Canada's first ministers adopted Canada's clean growth and climate plan in December 2016 to take ambitious action to fight climate change, to adapt and build resilience to the changing climate, and to drive clean economic growth.
A landmark achievement of the pan-Canadian framework on clean growth and climate change is the first climate change plan in Canada's history to include joint and individual commitments by federal, provincial, and territorial governments and to have been developed with input from indigenous peoples.
The pan-Canadian framework on clean growth and climate change lays out over 50 concrete measures to reduce carbon pollution, enhance our adaptation and resistance to the impact of climate change, and encourage the development of clean jobs that contribute to a strong economy.
We have been actively implementing the pan-Canadian framework, and we are starting to see results, putting Canada on the path to meet our Paris Agreement greenhouse gas emissions reduction target of 30% below 2005 levels by 2030.
As published in December 2017 in Canada's third biennial report to the UNFCCC, Canada's greenhouse gas emissions are currently projected to be 583 megatonnes of CO2 in 2030, which is 232 megatonnes lower than what was projected in our second biennial report, which was released in early 2016. This decline in projected emissions is the biggest improvement in Canada's emissions outlook since reporting began, and it is widespread across all economic sectors, reflecting the breadth and depth of the pan-Canadian framework on clean growth and climate change.
However, it is important to note that these projections do not account for expected emissions reductions in several other areas as a result of historically significant investments in public transit, where $20 billion is being invested to improve public transit infrastructure; extensive investments in clean technology and innovation that will promote clean growth and lead to new technologies to reduce emissions from industry and other sectors; and storage of carbon in forests, soils, and wetlands, which can be significant for a country the size of Canada.
These projections also do not reflect policies that may be adopted by federal, municipal, provincial and territorial governments by 2030.
Along with the provinces and territories, Canada is committed to reporting on and examining the results of these policies so we can become more ambitious over time. Once that process is complete, we may have identified other policies that will be needed in the future.
When the policies and programs within the pan-Canadian framework are fully implemented, they will not only allow Canada to meet its 2030 target in full but also position Canada to set and achieve deeper emission reduction targets beyond 2030, as is required by the Paris Agreement.
This government is firmly committed to addressing the threat of climate change. Canada has played a constructive role on the international stage. We have worked with provinces, territories, and indigenous peoples to develop a comprehensive and detailed plan that will ensure that we meet our Paris Agreement targets. We are firmly committed to actively fighting climate change and to creating and growing a clean growth economy.