What always bothers me is that the tax system ends up serving the polluting industries. I remember that according to the Liberals' Green Plan, the large industrial emitters were to be responsible for lowering their greenhouse gas emissions by 45 megatons. However, if polluting companies in the major industrial sectors adopted technology funding measures, a 6-megaton reduction would be possible.
In a way, I would say that an approach that allows businesses to finance these technologies through the provision of greenhouse gas emission credits is a better idea than using tax instruments.
Where I'm from, we have a lot of trouble accepting the idea that tax instruments should serve a polluting industry, which is making huge profits. In any case, that industry has the capital it needs to make the transition. There is no possible comparison between the textile and manufacturing industries and the oil industry. There is a significant gap between them.