In terms of formal penalties under the Kyoto Protocol, the most significant one would be the fact that Canada would have to make up for not bringing down its emissions sufficiently before 2012, and that number would be multiplied by a penalty factor of 1.3 in the second round. If Canada adopts, as we wish, a more ambitious objective for the second round to ensure that our emissions continue to decrease, we will face an even greater challenge, and the penalty factor will apply in the second round.
More importantly, however, is that we must take a step back and consider Canada's reputation or, as Louise said, Canada's influence in the negotiations. For instance, I heard the Environment minister say that China and India must commit for the period following 2012. I don't understand how Canada can even imagine it can convince developing countries to do better when we are not even respecting our own commitments.