Thank you.
For greenhouse gases, the framework sets a 2010 implementation date for emission intensity reduction targets. For air pollutants, the framework sets fixed emission caps that will enter into force as soon as possible between 2012 and 2015.
In order to minimize cost to industry and the impact in the economy, the framework contains compliance mechanisms intended to provide industry with flexibility in meeting its regulatory options.
The framework also requires rigorous monitoring and reporting in order to ensure compliance, assessment, and transparency.
These are all ingredients that are missing in Bill C-377. There is no costing. There is nothing on the framework. There are just international targets, with no costing and direction as to how Canada can achieve those targets.
As you can see, the Turning the Corner plan does include that--a costing, a framework, consultation, and a realistic plan that is already seeing positive results.
The short-term targets are expressed as reductions from the 2006 levels. To support the development and implementation of regulations, comprehensive and consistent baseline data for 2006 will be required from facilities in the regulated sectors. To this end, the government will require that facilities in those sectors that will be covered by the regulations report 2006 emissions and other relevant data under a notice issued under section 71 of CEPA 1999. That is also at work, and industry is required to report by the end of May of this year.
This is another example of the regulatory process happening. It's exciting, Chair, to see it actually happening. After years of inaction, this government is getting it done.
Are the bells ringing?