First and foremost, investing in real emission reductions in developing countries through the CDM is a perfectly legitimate way to take responsibility for emission reductions that are not achievable, in the very immediate timeframe, within Canada. It has a positive benefit on protecting Canada from climate change, because as we understand, emission reductions protect Canada from climate change wherever they take place.
There is no doubt that it's an opportunity also to export Canadian technologies. Unfortunately, currently only about 12 projects out of some 500 registered CDM projects have any Canadian involvement. This is a consequence of the lack of sufficient progress towards putting in place regulated targets for industrial emitters in Canada.
But I would agree with you as well that we should look at the CDM as a kind of specially targeted form of foreign aid, targeting investments that help Canada's environment but that also help developing countries get access to much-needed resources to get onto a more sustainable development path.