Canada formalizes ‘net zero’ emissions plans after decades of failure to meet climate targets

DM

Prime Minister Justin Trudeau has laid out a loose framework to get Canada to “net zero” greenhouse gas emissions by 2050, introducing new climate change obligations to a country that has missed all of its previous environmental commitments. The Liberal government on Thursday tabled Bill C-12, which for the first time formalizes its plans to eliminate Canada’s net carbon output. The legislation will require the environment minister to set five-year targets, beginning in 2030, to curb emissions, and report progress back to Parliament on a regular basis. It also requires the finance minister to provide annual reports on what she is doing to guard against financial risks posed by climate change.

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