Mr. Speaker, Canada and the world are facing a real climate emergency. This was made very clear with the release of the Intergovernmental Panel on Climate Change's special report on global warming.
Climate-related risks to our health, livelihoods, food security, water supply, safety and security and economic growth are projected to increase with global warming of 1.5° and increase further if we surpass 1.5° Celsius.
Here at home, Canadians are already feeling the impacts of climate change. Communities in Ontario, Quebec and New Brunswick have once again suffered record-breaking flooding in the spring. Thousands of residents in northern Alberta were evacuated because of out-of-control wildfires. Last summer, in the province of Quebec, the deaths of more than 90 people were linked to the heat wave.
Extreme events are becoming more frequent, more devastating for Canadians and more expensive in terms of both disaster response and recovery.
My children and grandchildren have now lived through two severe floods and two tornadoes in the Ottawa region in the past four years. We now have to constantly worry about ticks that carry Lyme disease. These impacts have now become their normal, and it is not right.
The Government of Canada recognizes that the impacts of climate change will only continue to be more devastating if no action is taken.
We also recognize that Canada is one of the highest per capita emitters in the world and consistently ranks in the top 10 of the world's highest absolute GHG emitters. How could we expect other countries to reduce their emissions if we do not do the same?
In 2015, this government was involved in the negotiation of the Paris agreement with a delegation that included representatives from the three political parties as well as indigenous leaders. We all came together with the rest of the world, and for the first time ever, every country's representative said that they were going to act on climate change.
Canada pushed countries to limit temperature increases to 1.5°, because this is the only way to avoid catastrophic climate change impacts, such as increases in average temperature, heavy precipitation and severe droughts devastating local ecosystems and the Canadian way of life.
I will be splitting my time with the member for Kitchener Centre.
In 2016, we came together again to develop a national climate plan with concrete measures to reduce emissions, build resilience and grow the economy. Our plan includes more than 50 concrete measures, regulations, standards, programs and investments to achieve our goal, and pricing carbon pollution is an important and effective part of that.
Our plan includes putting a price on carbon pollution, because it is the most effective way to reduce emissions. It sends an important signal to the markets and provides an incentive for businesses to reduce energy use through conservation and efficiency measures. Hence, my mention of cars that consume less. We know it works.
Last year, the three provinces that already put in place their own carbon pollution pricing, British Columbia, Quebec and Alberta, were also among the top performers in GDP growth across Canada.
This climate action is so effective that more than 74 jurisdictions around the world, representing about half of the world economy, have adopted it as part of their plans to reach the Paris agreement targets. Doctors, industry leaders and Nobel Prize-winning experts have all agreed that putting a price on pollution is effective and have demanded that governments take this action.
Pollution should not be free anywhere across this country. Based on analysis conducted by Environment and Climate Change Canada, putting a price on carbon pollution would reduce greenhouse gas emissions by 50 million to 60 million tonnes in 2022. This is equivalent to shutting down about 30 to 35 coal-fired electricity-generating units for a year.
It is also important to note that all direct proceeds from the federal carbon pollution pricing system will be returned to the jurisdictions in which they were collected. Households receive a climate action incentive, which gives most families more than what they pay and creates incentives for cleaner choices. Funds will also be given to the province's 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.
Again, putting a price on pollution is not the only action this government is taking to address climate change. As part of our climate plan, we are also regulating the oil and gas sector to reduce methane emissions by 40% to 45% by 2025, which will encourage companies to find cleaner, more efficient ways to run their operations.
We are phasing out the use of coal-fired electricity by 2030, as part of Canada's efforts to have 90% of electricity from non-emitting sources by 2030, while working with the affected families, communities and businesses to help them with the transition to a cleaner economy.
We are making a historic investment of $3 billion to spur innovation and bring clean technologies to market, such as funding to support technology to scrub carbon dioxide directly from the air, as well as $75 million to tackle challenges in clean technology.
We are developing net-zero energy ready building codes to be adopted by 2030 for new buildings, developing a model code to guide efficiency improvements for retrofitting existing buildings and establishing mandatory labelling to provide businesses and consumers with information on energy performance.
As we work to fight climate change, we know that Canadians are feeling the impacts of a changing climate. That is why we are taking action to help our communities adapt and prepare for the challenges that lie ahead.
I have only a few seconds left, so I will be happy to take questions.