Canada Sets 2035 Emissions Reduction Target of 45–50% Below 2005 Levels
The new target builds on Canada’s 2030 climate goals and aims to advance a net-zero economy by 2050 while fostering economic growth and innovation.
- Canada’s 2035 emissions reduction target aims for a 45–50% decrease in greenhouse gas emissions compared to 2005 levels, aligning with its commitment to the Paris Agreement and the Canadian Net-Zero Emissions Accountability Act.
- The target builds on the existing 2030 goal of reducing emissions by 40–45% and is part of Canada’s legally mandated five-year climate action milestones toward achieving net-zero emissions by 2050.
- Key strategies include advancing clean electricity regulations, incentivizing clean technologies, and expanding carbon pollution pricing, which has already contributed significantly to emissions reductions since 2019.
- The initiative is expected to attract up to $25 billion annually in investments, create jobs, and position Canada as a leader in green innovation and clean technology exports.
- The plan incorporates Indigenous knowledge, scientific research, and public consultation, with a detailed 2035 Emissions Reduction Plan to be published by 2029 to ensure accountability and progress.