Finance committee  We consider the recommendation that we've put forward today to be very much a minimum start in terms of what has to happen to get us on the track we need to get on to, to avoid dangerous climate change impacts around the world. That includes a price on carbon, either through a ta

Finance committee  Okay. I am familiar with it. I don't know it in a high degree of detail.

Finance committee  No, I did not write it.

Finance committee  I think it's fair to say I'm familiar with it. Others within Pembina are more aware of it.

Finance committee  It's fair to say that I'm somewhat familiar with the carbon budget proposal that you refer to.

Finance committee  I was not, no.

Finance committee  Unfortunately, I don't understand French, so I'm sorry, I'm going to have to leave that one for Andrew. It wasn't communicated to me in English, so I'm unable to answer.

Finance committee  Sure, I can speak to that. As the market in Canada matures, as we get a price on carbon and we go down the path of developing systems that coordinate with other international schemes, we will want to have the ability to have a carbon exchange system in Canada. Whether we have

Finance committee  Because once we get a price on carbon, then it becomes a tradeable commodity like any other commodity, and then there is a value associated with it. It's something that becomes sought after in an international market kind of scenario. There can be money to be made from having tha

Finance committee  I think that speaks to the level of taxes required to change behaviour. Our recommendation is that the price be no less than $30 per tonne by 2009 and then up to at least $50 a tonne in 2020. Quite a body of research now demonstrates that at those kinds of price levels, we would

Finance committee  We need to achieve the polluter-pays principle. We need to have them paying for a good chunk of the cost they're incurring on the environment right now. Then we could use some of that revenue too. Of course, one option would be to incent additional emission reductions through som

Finance committee  Thank you, Mr. Chairman and members of the panel. My name is Amy Taylor, and I'm a program director with the Pembina Institute. The Pembina Institute is pleased to have the opportunity to appear before you today, and I appreciate you accommodating my lack of presence in Ottawa i

Finance committee  I can.

Finance committee  You can do that a number of ways. You can do it through stricter regulation; you can do it through environmental taxes, where you actually impose a cost directly; or you can do it through permit trading. There are a number of different options available for internalizing those co

Finance committee  Right. We'd certainly like to see emission reductions take place at home in Canada, but from a climate change perspective it doesn't actually matter, as long as the emissions are reduced at the end of the day, because it's a global issue.