Government of Canada

Government of Canada

June 23, 2010 09:14 ET

Government of Canada Makes Major Investment to International Climate Change

OTTAWA, ONTARIO--(Marketwire - June 23, 2010) - Today, the Honourable Jim Prentice, Minister of the Environment, announced that the Government of Canada is delivering on its commitment under the Copenhagen Accord to help the poorest and most vulnerable countries with their efforts to fight climate change. As promised as part of the Copenhagen Accord, Canada will invest $400 million for international climate change efforts this fiscal year. This represents the 2010 portion of Canada's fair share of the fast-start financing promised by developed countries under the Copenhagen Accord.

"This is an important announcement for Canada and for the global community," said Minister Prentice. "Through this investment, we are working to help developing countries reduce their emissions and adapt to the effects of climate change. As countries begin to follow through on their commitments made in Copenhagen last December, Canada will continue to provide its fair share of the support promised".

Under the Copenhagen Accord, developed countries committed to provide fast-start financing approaching US$30 billion for 2010-2012 that would help the poorest and most vulnerable countries adapt to the effects of climate change, including clean energy development and delivery, efforts to address deforestation and to enhance sustainable agriculture. Canada's contribution is consistent with our traditional share of developed country donor pledges in the context of multilateral international assistance efforts—approximately 4%.

The Government of Canada is continuing to deliver strong action on the environment both domestically and internationally. As inscribed in the Copenhagen Accord, Canada has set an ambitious, realistic target to reduce greenhouse gas emissions of 17 per cent below 2005 levels by 2020, a target which reflects the importance of aligning with the United States. 

The Government has recently published draft regulations for regulating greenhouse gas emissions from vehicles, and will continue to work with the United States to do the same for heavy trucks. Furthermore, we have tabled new regulations requiring renewable content for gasoline and diesel fuel. Starting in September 2010, gasoline will be required to contain five per cent renewable content.

For more information and to view a backgrounder on this announcement, please visit the Web site of Environment Canada, at http://www.ec.gc.ca/.

www.gc.ca

(Également offert en français)

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