We support an approach to climate change that achieves real environmental and economic benefits for all Canadians. Given the highly integrated nature of the North American economy, this includes aligning our climate policies with those of the United States.
The Government of Canada is making progress towards our ambitious target of reducing Canada's total greenhouse gas emissions by 17 per cent from 2005 levels by 2020 through a sector-by-sector approach aligned with the United States where appropriate.
It is estimated that federal measures, combined with actions taken by provinces, have brought us about one half of the way towards our 2020 target.
We have started with greenhouse gas regulations for Canada's transportation and electricity sectors - the two largest greenhouse gas emitters -and we will continue to address emissions from other major-emitting sectors.
Canada has also consistently been a strong supporter of international action on climate change, including by targeting financing where it can have the greatest impact.
As a constructive and active Party to the United Nations Framework Convention on Climate Change, Canada has significantly scaled up its climate change related support to accelerate global progress and effective action by all countries with an overall commitment of $1.2 billion in new and additional climate change financing for the fiscal years 2010/11, 2011/12 and 2012/2013. Canada continues to deliver on this commitment under the Copenhagen Accord, providing its fair share of new and additional fast-start financing to support climate change actions in developing countries.