Mr. Speaker, our government is taking meaningful actions to fight pollution and make Canada's future greener.
Our government understands that climate action is now an economic necessity and Canadians can count on us to continue the work. For example, Canada is taking significant steps toward reducing our emissions by 40% to 45% below 2005 levels by 2030, and reaching net zero by 2050.
Last fall at COP27 in Egypt, Canadian representatives also fought hard to prevent other countries from backing down on phasing out subsidies for fossil fuels and coal, which remain the largest sources of CO2 emissions. We are also on track to eliminate coal-fired power here in Canada by 2030.
In the months ahead, as we prepare for the 2023 budget, Canadians can count on this government to continue to work hard to build an economy that works for everyone, to create good jobs and to make life more affordable.