Mr. Speaker, I am going to be sharing my time with the hon. member for Winnipeg North, and I look forward to his comments after I have had a chance to speak.
Our government is taking climate change seriously. We know that climate change is real and that we have a plan to tackle it. After the Paris Agreement negotiations in 2015, Canada set out a plan to tackle emissions to do its part to limit the global temperature increase to 1.5° C. We spent a year working with provinces and territories, engaging indigenous peoples and listening to Canadians from across the country. Two and a half years ago, we released our national climate plan, the pan-Canadian framework on clean growth and climate change. I went through that plan last week. It is an 86-page document that says what we are going to do and how we are going to do it.
The plan is designed to reduce our greenhouse gas emissions by 30% below 2005 levels by 2030. It is going to help us to adapt to a changing climate and spur clean technology and innovation. Our plan includes putting a price on carbon pollution across Canada, something we are talking about today, because we know it is effective and puts money back in the pockets of Canadians. As part of an overall plan, 90% of the revenues that are collected are going straight back to families through their tax returns in provinces where pollution pricing does not exist, such as in Ontario.
The other 10% is going back to businesses to help them reduce their carbon footprints with the climate action incentive fund, which supports these types of projects and measures that are undertaken by SMEs, municipalities, universities, schools and hospitals as well as not-for-profit organizations. The recipients of these funds will benefit from funding projects to decrease their energy usage, save money and reduce carbon pollution. It is also an economic plan for these types of organizations.
Putting a price on carbon is going to reduce emissions by 50 million to 60 million tonnes by 2022. It will also promote innovation, providing incentives to reduce energy use through conservation and efficiency measures.
However, our plan is much more than pricing carbon pollution. Our plan includes over 50 concrete measures in policies, regulations, standards and investments to reduce Canada's emissions, drive clean growth and help Canadians adapt to the impacts of climate change.
The Government of Canada has also invested $28.7 billion to support improvements in public transit. Through this investment, we are making it easier for Canadians to choose lower-emission transit options. The Ontario government has put a freeze on some of these projects, but we are hopeful to see further investments in Guelph, including alternate-fuelled buses through the municipality, greening its fleet, and the incentives in place by the Federation of Canadian Municipalities to create charging stations. We invested in 26 new buses a few years ago. Those buses were purchased in a way that is going to help our community to have more people on the bus.
Outside our community, we are looking at the ongoing concern of establishing an all-day, two-way GO train service to and from the GTA. We have a lot of commuters who are getting through traffic on the 401 to get to work and then facing delays getting home to their families. However, the multi-billion-dollar project to expand Ontario's GO Transit network has taken two major steps forward, on May 30 of this year, with the Canada Infrastructure Bank's announcing an investment of up to $2 billion and the province's short-listing four consortia to advance to the next stage of procurement on this project. That project is attracting international investment; it is not all being funded by Canadians through the infrastructure bank, which is one of the measures that our government has brought forward.
The rail expansion that we are talking about is officially known as the GO regional express rail on-corridor project. It involves significant construction work along the greater Toronto and Hamilton area rail corridor, as well as a new train maintenance facility and upgrades at Toronto's Union Station. The wide-reaching project also incorporates rail electrification, refurbishment and maintenance on trains, and oversight of train control and dispatch operations, among many other aspects, and introducing data as a way to help us move trains from point A to point B.
The overall approach that we are taking is strategic. It is something along the lines of what Guelph has developed, a community energy initiative. Now we are looking at the same types of principles nationally to see where the main contributors to climate change are. Industry is the largest, including oil and gas, but it is all industry, amounting to 37% of greenhouse gas emissions in Canada or 269 megatonnes.
We are looking at small business retrofits across the board. In Guelph, we have Canadian Solar that is doing great work on providing solar panels across Canada. Linamar in Guelph is developing the car of the future.
We are looking at new processes within our manufacturing industry. One of the members across the way mentioned VeriForm, which is just in Cambridge, southwest of Guelph, that is looking at how to reduce the climate change impact on businesses.
We have introduced an accelerated capital cost allowance to write down costs in the first year. Instead of paying taxes, people will pay for greening their businesses to reduce the cost of operations.
We have also looked at transportation. Twenty-three percent of greenhouse gases, 171 megatonnes, are emitted through transportation. We are looking at how we can reduce those through EV incentives that we have now introduced. We are also promoting EV within our communities through a not-for-profit organization called eMERGE that has held a couple of car shows to show the community how we can transition to electric vehicles. In fact, we have had many owners displaying their cars and saying what their challenges have been and how they are overcoming challenges to show that it really is not that hard to get into an EV.
We are looking at active transportation, increasing bike lanes, and as I mentioned, increasing the number of buses in our fleet, getting new buses in our fleet, providing fare boxes at bus stops and four special transit vehicles, all of which are funded through the federal government's support.
We are looking at our built environment, the buildings and the 12% of greenhouse gas emissions, or 87 megatonnes, that are emitted through building heating and cooling. FCM now has a green fund that we have doubled so that we can put climate action incentives in place to help people save money on the operation of their building and, at the same time, reduce their greenhouse gas emissions.
As well, 11% is coming from electricity. How do we provide a better way of getting electricity other than using fossil fuels? We are looking at research into cold-water aquifer development so that we can get geothermal working on our side to provide heating and cooling in urban buildings.
Forestry, agriculture and waste draw a lot of attention with 17% of greenhouse gas emissions, or 127 megatonnes. I am proud to say that Guelph and Wellington County were the recipients of a $10-million fund through the smart cities challenge to reduce food waste and promote clean technology companies that are focused on providing sustainable food and reducing food waste. We are looking at that developing and going into the future.
Beyond all of these, looking at the different areas of greenhouse gas emission opportunities, we are also looking at adaptation and climate resilience. We are looking at the floods and forest fires that are happening and how we can reduce greenhouse gas emissions through adaptation programs.
I was a member of the Rotary Club in Guelph. It just completed a 10-year program of planting 60,000 trees in our area. It is looking at how to sequester carbon and promote more oxygen into the atmosphere. Even though the Ontario government is cutting tree-planting programs, Guelph is looking at ways to increase its tree canopy to a 40% target within the municipality.
Flood resilience is another area. We all experience floods. Even though Guelph is not on a major river like the Ottawa River, we still get floods. The federal government has provided support for sewer upgrades and snow storage areas and flood resilience programs, all helped by federal funding.
Clean technology, innovation and jobs is where we are all heading. It is a new economy. We are looking at the opportunities that climate change provides for us to develop the technology of the future. I co-founded an organization I am so proud of, Innovation Guelph, that is working with Bioenterprise in Guelph. It received $5.6 million and is helping 135 new start-up companies to develop solutions around clean technologies.
Looking at this nationally, Sustainable Development Technology Canada is providing funding support for companies across Canada to develop these types of solutions. It has also launched joint funding opportunities in collaboration with Emissions Reduction Alberta and Alberta Innovates, which I also visited during my term here. It has partnered with the Ontario Centres of Excellence to enhance Ontario's greenhouse gas innovation initiative. SDTC estimates that its projects have reduced annual emissions by 6.3 megatonnes of CO2 equivalent, generated $1.4 billion in annual revenue and supported growth of more than 9,200 direct and indirect jobs since 2015.
We have also funded the upgrade of the community energy initiative in Guelph with $175,000, which is going into projects in Guelph to try to help us move forward into the future.
However, our work is not done. The transition to a low-carbon economy does not occur overnight. We recognize that evidence-informed policy requires ongoing support, so we established a new independent climate change and clean growth institute to provide trusted information and advice for years to come. We are going to review these findings to help us contribute to take strong action on climate change, which includes the price on carbon but does not exclude all these other things we are doing.
I am thankful for the time I had to talk about climate change as it relates to Guelph.