June 4 (Bloomberg) -- Canada's Conservative Party government said it won't implement an opposition bill on climate change passed by Parliament today.

``We have our own plans for climate change, and that's what we budgeted and that's what we are implementing,'' Finance Minister Jim Flaherty told reporters in Ottawa after the bill passed with support of all three opposition parties. ``That is, regulating all of the industries in Canada, setting standards and enforcing those standards.''

The so-called private member's bill, sponsored by New Democratic Party Leader Jack Layton, calls for an 80 percent reduction in greenhouse gas emissions from 1990 levels by 2050. Lawmakers voted 148-116 to pass it, with the Conservatives voting against. The government's proposal, released last year, seeks pollution cuts of up to 70 percent by 2050, while using a later base year.

``There is nothing `gradual' about Jack Layton's bill -- it would require a 40 percent reduction in greenhouse gases by 2020,'' Garry Keller, a spokesman for Environment Minister John Baird, said in a statement. ``According to our officials, this bill could cause a 300 percent increase in electricity, home heating and transportation costs for Canadian families.''

The Conservatives last year rejected similar opposition bills demanding proposals to implement the Kyoto treaty, saying they would trigger an economic recession.

To contact the reporter on this story: Greg Quinn in Ottawa at gquinn1@bloomberg.net.

Last Updated: June 4, 2008 17:19 EDT