Thank you, Chair.
I first want to touch on a couple of comments that have already been made around the table, and then ask some questions regarding the examination and evaluation of different greenhouse gas mitigating programs.
Mr. Trudeau was asking about CCS. That's very important technology. Yvo de Boer was at the GLOBE International conference. There were a number of different countries represented, or international partners in the fight against climate change, and we spent half a day on CCS. In that half day, there was a lot of science. The importance of developed countries investing in that technology was clearly spelled out, so that there would be commercial pilot projects able to demonstrate it's doable—and we have the science to show it is doable, and we can commercialize it through pilot projects.
Canada and Alberta have committed over $3 billion, and the United States almost $3.5 billion. There is also France, Japan, England, and all of those countries. But Canada is one of the leaders in this technology, and also in the commitment to create these pilot projects. As more and more countries participate in this, the cost to commercialize it drops dramatically—and again, Canada has made those commitments. It might be something this committee would like to spend a meeting on and to call in some world experts on. A lot of it could be done through video conferencing.
Regarding regulations, we have heard about the importance of harmonizing regulations in these changing economic times, and with changing technologies. If you create regulations just to create regulations—and there are regulations all over the world—it would be counterproductive. You must have regulations that are in harmony with where the world is going, and you must have regulations that are effective. Therefore, we have the clean energy dialogue, and we are working within the international community on that.
It is also important to invest in the IMF, and Canada has increased our investment to that institution. So again, we've taken strong leadership there to create these transferable technologies.
Now, as for my question for the officials, we've heard questions regarding the evaluation of the different programs. So my question is do we examine the economic costs and benefits of proposed greenhouse gas-mitigating programs and other environmental initiatives?