Thank you so much, Mr. Chair, and thank you to the witnesses.
In this document, the government has indicated that it is reducing GHG emissions by 20%, relative to 2006, by 2020. That is not assuming any provision under the Kyoto mechanisms.
Here in this document, the same statement, same target period, the proposed 2020 target would represent a 38% reduction. So that is 20% that the government has committed to, and 38% in the bill, is it not?
My question is, though, if there was an agreement for a cap and trade regime, which is under discussion with the United States, would that change the statement with respect to the ambitious nature of the targets, the 20% in the 2007 commitment and the aspirational amendments to CEPA? Would a continental agreement for cap and trade change the nature of those commitments, in your opinion, with respect to the ambitious or unambitious nature of it?