Madam Speaker, Canadians are already seeing the effects of climate change. We know they want us to take ambitious climate action. That is why the government introduced the Canadian net-zero emissions accountability act, which will include a target to ensure that Canada achieves net-zero emissions by 2050, making us one of the first 10 countries in the world to achieve that goal.
However, before achieving net-zero emissions in the long run, we have to reduce Canada's emissions in the short and medium terms. Under the Paris Agreement, Canada is aiming to reduce greenhouse gas emissions to 30% below 2005 levels by 2030. We pledged to exceed that objective, and we will soon be announcing stronger measures to ensure we do.
There are several elements of the Canadian net-zero emissions accountability act that would help ensure that the work to reach the 2030 targets starts early and leads to reductions in the short term.
The act would require the Minister of Environment and Climate Change to table and make public an emissions reduction plan that sets out key measures and strategies to achieve the 2030 target within six months of royal assent. The minister would also be required to provide an update on progress toward achieving the 2030 target at least once by the end of 2027, and the commissioner of the environment and sustainable development would be required, at least once every five years after royal assent, to examine and report on implementation of the measures meant to achieve the target.
It should be expected that the impact of the measures will increase over time. To get the actions right, we need to consult with stakeholders, provinces, territories and indigenous groups. While the new measures we are coming forward with will start to drive down emissions before 2030, we expect reductions will ramp up over time.
A good example of this is Canada's existing regulations for light-duty vehicles, which introduces increasingly stringent performance standards for each new model year. Another example is the government's commitment to plant two billion trees. Once planted, trees absorb an increasing amount of carbon over time, although the amount is small in the initial years. The new or enhanced measures would ensure that we can exceed our 2030 target and drive even deeper reductions toward 2050.
Looking to the long term, the Canadian net-zero emissions accountability act includes an array of accountability and transparency mechanisms, as well as provisions for public participation and expert advice, all of which will apply at regular intervals over the coming 30 years and help to keep successive governments on track. This includes requirements to seek the input of provinces, territories, indigenous peoples, experts and Canadians when setting each emissions reduction target and the plans to meet the targets.
Progress reports and final assessment reports will inform Canadians about the implementation of each plan and the emissions reductions each has achieved. If a target is not met, the government will have to explain why and indicate what it will do to remedy that failure. These mechanisms will ensure a transparent, accountable and successful approach to achieving our long-term goal of net-zero emissions by 2050.