I asked the officials from the two other departments again yesterday about the offset system and the three-year grace period for new entrants.
Given that there are no parameters defined for offset systems, that it's difficult to cost participation at even 10% in CDM, and that all new market entrants are graced out for three years, wouldn't most Canadians say these numbers can't stand the test of analysis? How can we know that the number put forward of $8 billion a year is actually sound? How is this possible? Do I misunderstand modelling, or is there something that I'm missing?
In my previous life, for nine years it was very clear across the federal system that Environment Canada had extraordinarily limited economic analysis capacity. This work was normally done by Finance Canada, and the numbers were generated by them and not Environment Canada.
We heard even yesterday—