I think it's worse than that. I think it's turning in your aces and pulling out deuces.
To take on a target that is so much more onerous than any other country would even contemplate just puts you in a very awkward situation in dealing with how you're going to align with the U.S. You couldn't have a policy with a comparable effect on your industry that delivered anything like the reductions you're talking about. That's a big challenge—20% off from 2006 levels.
How are you going to reconcile these things? You either have to sacrifice industrial growth and have some output shift or force the costs on some other part of the economy, which the general public is not anxious to pick up.