Thank you for the question.
As I stated in my presentation earlier, agriculture is not a sector that I follow closely. Nonetheless, we know of a company in Manitoba that manufactures a grain dryer that would enable farmers to reduce their greenhouse gas emissions.
We can confirm that carbon pricing has been effective. We established that carbon pricing sends out a price signal which has created, for those entrepreneurs seeking opportunities, an incentive to offer new technology on the market. This technology, along with the financial support provided in the 2021 budget, will be made available to farmers.
This dynamic increases with carbon pricing. What's more, when the price increases gradually over time, it creates a stable environment for investments. This is what we are seeing in all economic sectors, including those with big industrial GHG emitters.
It is true that emissions are hard to bring down in some sectors because their emissions are linked to processes. However, we should not let this factor stop us, because we know full well that all of the countries that signed the Paris Agreement see economic opportunities in decarbonizing the economy. These countries are looking for market opportunities and are investing in research and development so that their businesses can become leaders in the field.