Mr. Speaker, Canadians see the impacts of climate change in our country: floods, droughts and forest fires. We understand the need to take action to ensure a sustainable planet for future generations. In fact, it is one of the core reasons I ran for office in the first place.
With regard to the rankings stated in the member's speech, he knows that those rankings were in place before a number of initiatives were implemented, including carbon pricing nationally. We have definitely gone up, but we have a lot more work to do. That is why Canada is committed to being a global leader in addressing climate change.
We joined other countries in developing the Paris Agreement. Canada was also one of the first countries to sign and ratify the agreement.
For the past two years, we have been working with our provincial and territorial partners to implement actions under the pan-Canadian framework on clean growth and climate change, which is Canada's plan to meet our Paris Agreement greenhouse gas emissions reduction target of 30% below 2005 levels by 2030.
A key pillar of the framework is putting a price on carbon pollution. When carbon pollution is not free, people and businesses are motivated to pollute less. Our analysis found that pricing carbon pollution in Canada will reduce Canada's greenhouse gas emissions by 50 million to 60 million tonnes by 2022. That is equivalent to closing more than 30 coal-fired electricity plants.
In the provinces of Ontario, Saskatchewan, Manitoba and New Brunswick, the federal backstop carbon pricing system will be in place to protect the environment and spur innovation. Any direct proceeds collected will go directly back to the people in these provinces. Households will receive a climate action incentive, which will give most families more than they pay under the new system. Funds will also be given to the provinces' schools, hospitals, businesses and indigenous communities to, for example, help them become more energy efficient and reduce emissions, helping Canadians save even more money and improve our local economies.
The framework also contains important additional actions to reduce emissions across all sectors of the economy, including phasing out coal-fired power plants, developing new building codes and regulating methane emissions. We are also protecting and enhancing carbon sequestration in our forest and agricultural sectors and are supporting clean technology and innovation.
A great deal of effort continues to be devoted to implementing this plan, and the plan is working. As reported in Canada' s 2018 greenhouse gas emissions projections, Canada' s GHG emissions in 2030 are expected to be 223 million tonnes lower than projected prior to the adoption and implementation of Canada' s climate plan.
While this improvement reflects the breadth and depth of our plan, we expect additional reductions from actions such as our investments in public transit, clean tech and innovation, carbon stored in forests, soils and wetlands and measures taken by provinces and territories.
We are committed to being transparent with Canadians on our climate action. Canada submits annual reports to the United Nations Framework Convention on Climate Change on its greenhouse gas emissions levels. It also publishes annual greenhouse gas emissions projections toward 2030.
We have also established robust reporting and oversight mechanisms to track and drive the implementation of the pan-Canadian framework, including annual reports to first ministers and Canadians. The “Second Annual Synthesis Report on the Status of Implementation” was published in December 2018.
Our government is committed to transparency for Canadians as we continue to take steps toward meeting our Paris Agreement targets and protecting this planet for our children and future generations.