Mr. Speaker, it is always a pleasure to rise to engage with my dear colleague from Saanich—Gulf Islands.
The government does and will always take climate change commitments very seriously. In 2015, Canada, alongside 194 other countries, adopted the Paris Agreement under the United Nations Framework Convention on Climate Change. The agreement sets a global goal to limit warming, strengthen resilience and align financial flows with low emissions and climate-resilient development. In addition, almost every country in the world, including Canada, has committed to reducing greenhouse gas emissions and preparing for the impacts that climate change presents.
Our government recognizes that climate action is both a moral responsibility and an economic necessity. Budget 2025 sets Canada on a path to meet our legally binding commitments, while building a strong, resilient economy. This includes cutting greenhouse gas emissions and addressing the impacts of climate change. Our climate competitiveness strategy in budget 2025 drives these outcomes while building a resilient economy. As the Prime Minister has stated, this budget puts us on a path for real results for climate, for nature and for reconciliation with indigenous peoples. We respect our Paris commitments, and we are determined to achieve them.
Industrial carbon pricing is central to Canada's climate strategy. It is designed not only to reduce emissions but also to unlock investment in clean technologies, support Canadian industries and maintain our competitiveness in global markets. By putting a price on pollution for large industrial polluters, we drive decarbonization, support innovation and create good jobs, while keeping energy and goods affordable.
Strong industrial carbon markets also help Canada maintain trade relationships with partners like Europe and the U.K., ensuring that our exports meet the growing global demand for low-carbon products.
We are also investing in adaptation. The national adaptation strategy, supported by the Government of Canada adaptation action plan, lays out more than 70 actions to protect communities, improve health outcomes, safeguard nature and support a resilient economy. Since 2015, Canada has invested over $6.6 billion in adaptation, including new funding in budget 2025 for community infrastructure and youth-focused initiatives.
The Government of Canada has a fundamental commitment to reconciliation and respects indigenous peoples as equal partners in the country we are building together. If I did not believe that, I would not be standing on this side of the House. The government supports the United Nations Declaration on the Rights of Indigenous Peoples and invests in indigenous-led climate solutions. Since 2020, over $2 billion has been committed to indigenous climate action, including funds for clean energy, energy efficiency and resiliency. Indigenous knowledge and leadership are critical to achieving meaningful, long-term and long-lasting change.
The Government of Canada is fully committed to delivering on its climate obligations, supporting adaptation, advancing nature protection and working with indigenous peoples across this country to ensure a sustainable, resilient and prosperous Canada for all.