We will provide national leadership and join with the provinces and territories to take action on climate change, put a price on carbon, and reduce carbon pollution.
Climate change is an immediate and significant threat to our communities and our economy. Stephen Harper has had nearly a decade to take action on climate change but has failed to do so. His lack of leadership has tarnished Canada’s reputation abroad, making it harder for Canadian businesses to compete.
The provinces and territories recognize the need to act now, and have already begun to price carbon and take action to reduce greenhouse gas emissions. We will end the cycle of federal parties – of all stripes – setting arbitrary targets
without a real federal/provincial/territorial plan in place.
We will instead partner with provincial and territorial leaders to develop real climate change solutions, consistent with our international obligations to protect the planet, all while growing our economy. Together, we will attend the
Paris climate conference, and within 90 days formally meet to establish a pan-Canadian framework for combatting climate change.
We will work together to establish national emissions-reduction targets, and ensure that the provinces and territories have targeted federal funding and the flexibility to design their own policies to meet these commitments, including their own carbon pricing policies.
These targets must recognise the economic cost and catastrophic impact that a greater-than-two-degree increase in average global temperatures would represent, as well as the need for Canada to do its part to prevent that from happening.
Partnering with the provinces and territories, we will create a new Low Carbon Economy Trust. The Trust will provide funding to projects that materially reduce carbon emissions under the new pan-Canadian framework. We will endow the Low Carbon Economy Trust with $2 billion in our mandate.
We will protect our communities from the challenges of climate change and grow our economy by making significant new investments in green infrastructure.
We will fulfill our G20 commitment and phase out subsidies for the fossil fuel industry over the medium-term.
We will also work in partnership with the United States and Mexico to develop an ambitious North American clean energy and environmental agreement.