Net-Zero Emissions by 2050
Canada’s recent climate actions have the country on track to deliver the largest emissions reduction in its history. Science tells us that to avoid the catastrophic effects of a warming climate, we must transition to a net-zero economy by 2050.
The Government of Canada cannot achieve net-zero emissions on its own. This goal will require support and engagement from all parts of society, including provinces, territories, Indigenous Peoples, youth, and businesses. To ensure the country’s success, the Canadian Net-Zero Emissions Accountability Act would establish an independent advisory body to provide ongoing advice to the Government as Canada charts its path to net-zero by 2050.
What is Net-Zero?
Achieving net-zero emissions means our economy either emits no greenhouse gas emissions or offsets its emissions, for example, through actions such as tree planting or employing technologies that can capture carbon before it is released into the air.
In addition to setting five-year milestone targets, this commitment also requires emission-reduction plans for each milestone target and the publication of interim and final reports on the results. The Government of Canada will bring forward the first plan mandated under this new legislation—a plan to exceed Canada’s 2030 climate goal.
Canada’s path to net-zero will protect the environment and grow the economy. As investors and consumers increasingly look for cleaner products, the Government will continue to work to ensure that Canada attracts investments and creates good jobs and future opportunities in a globally competitive economy.
Canada is not alone in taking these steps. It has joined over 120 countries in pledging to be net zero by 2050, including several other G7 nations such as the UK, Germany, Italy, France, and Japan as well as hundreds of cities around the world, including Guelph, Halifax, Hamilton, Montréal, Toronto, and Vancouver.
- Government of Canada charts course for clean growth by introducing bill to legislate net-zero emissions by 2050 (November 19, 2020)
- Strategic Assessment of Climate Change – new major projects with a lifetime beyond 2050 are required to have a credible plan that outlines how they will achieve net-zero emissions by 2050.
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