Madam Speaker, as the Government of Canada continues to protect and support Canadians through the COVID-19 pandemic, it is also important that the country look to the future. We can build back from the pandemic in a way that addresses climate change and delivers a strong, inclusive economy.
That is why on December 11, 2020, the Government of Canada announced “A Healthy Environment and a Healthy Economy”, Canada's strengthened climate plan. It is a plan to achieve both our environmental and our economic goals. It is a credible plan to exceed our 2030 greenhouse gas emissions target and it is a cornerstone of the government's commitment to create over one million jobs, restoring employment to pre-pandemic levels.
Canada's strengthened climate plan includes 64 new and strengthened measures and $15 billion in new investments, bringing the government's total committed funding for climate change and clean growth to about $100 billion since 2017.
The plan's five pillars are these: making the places Canadian live and gather more affordable by cutting energy waste; making clean, affordable transportation and power available in every community; continuing to ensure pollution is not free and that households get more money back; building Canada's green and clean industrial advantage; and embracing the power of nature to support healthier families and more resilient communities.
Implementing Canada's strengthened climate plan will enable Canada to exceed its current 2030 GHG target, but we will not stop there. We are committed to bringing forward an updated 2030 target this year, and while Canada's strengthened climate plan is focused primarily on additional steps that the federal government is taking, the Government of Canada is committed to working with provinces, territories and indigenous peoples to advance shared priorities that will further lower emissions, including on a regional and bilateral basis.
The Government of Canada welcomes the return of the United States to the Paris Agreement. Canada and the U.S. agree that the climate crisis requires increased and bold ambition, as well as coordinated action in the lead-up to the COP26 climate conference in November of 2021. Canada looks forward to co-operating with the U.S. on the global stage and in a bilateral context on numerous opportunities, including methane emissions, zero-emission vehicles, clean energy transmission and attaining net-zero emissions. Canada welcomes the U.S. plans to host a climate leaders summit on Earth Day, April 22, as the hon. member mentioned, to build momentum toward COP26.
With respect to the hon. member's point that Canada was required to improve its target within the 2020 calendar year, I would like to clarify that under the Paris Agreement, this requirement only applies to countries with 2025 targets. Canada and countless other countries set a 2030 target. Nevertheless, we intend to meet and exceed our Paris Agreement commitments and bring forward a new, more ambitious 2030 target this year.
I would like to thank the hon. member for her commitment to increasing climate action. She knows that I am a great admirer of her long-standing interest and advocacy on this issue, and I look forward to working with her and all House members to tackle climate change, which knows no borders.