Thank you, Mr. Chairman.
It's a long and complicated answer, but I think there are a couple of points.
First of all, could Canada meet the target? Yes, if we were prepared to buy massive amounts of foreign credits, we could meet the target.
We could have a debate about how much that would cost. Matthew says the cost is much less than $20 a tonne. That would depend on how many countries are out there buying credits when the time comes, if many of them are off their targets, as they appear to be. Many of the countries that have filed plans indicate that they may have to use international credits. Many of the countries in Europe are suggesting they will use carbon sinks, something they argued against Canada being able to include when the protocol was under negotiation. It's a debate about how much it will cost and whether that's the best way to spend the money.