What is the Net-Zero Challenge
The Net-Zero Challenge is a voluntary initiative that encourages businesses to develop and implement credible and effective plans to transition their facilities and operations to net-zero emissions by 2050. The Government of Canada is committed to reducing Canada's emissions by 40-45% from 2005 levels by 2030 and putting Canada on a path to reach net-zero emissions by 2050. The Canadian Net-Zero Emissions Accountability Act establishes in law Canada's emissions reduction target of net-zero emissions by 2050. To achieve these commitments, the federal government has published an emissions reduction roadmap, the 2030 Emissions Reduction Plan.
Getting Canada to net-zero emissions by 2050 will require collaboration and innovation across all parts of society, including the private sector. Unlocking further emissions reductions and planning now for a net-zero future is essential for Canada to remain competitive in an increasingly low-carbon global economy.
The Net-Zero Challenge takes into account that net-zero planning is an ongoing process and will be different for each participant. It also seeks to align with existing reporting requirements and minimize duplication. The design of the Challenge was informed by consultations with interested partners and stakeholders.
The Challenge aims to build a community of practice around net-zero planning in Canada, where ideas and best practices can be shared, and where participants can collaborate to further their own net-zero plans.
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