I'll just speak to the importance of setting stretched targets and the reason why Kyoto is so valuable. John said on several occasions that we need realistic targets, as has the government.
I spent seven years working with communities across Canada and set up the Green Municipal Fund, which achieved significant emissions reductions from projects. That happened because we set a very high bar. We said, “Don't come to us if you can't look at achieving 35% reductions from your current performance.” We did that because we wanted people to stretch. We have serious barriers of people not understanding what their potential is. We never had a case where people couldn't meet those objectives.
The challenge we face is that people lack confidence in their capacities. They don't understand how easy it is. Reductions are easier than you think, and we make money at it. That's why realistic targets are not enough. You need a stretched target that drives people to be more creative.
So I encourage the government to go beyond just looking at what we can do now and push industry to be creative and come into the system in a much more creative way, with real targets.