The thing that comes to mind is this--and I think there are two steps. One is that I think, for the reasons I gave, that this bill is likely to lead to meaningful improvements in environmental outcomes. Then the question becomes whether improved environmental performance links with improved economic performance. This builds a little bit on the earlier question by Mr. Scarpaleggia as well.
I've given you the basic statistic that, according to the World Economic Forum, nine of the top 15 countries find themselves ranked highly for both environmental and competitiveness performance. To answer Mr. Scarpaleggia's question, Michael Porter has done an analysis correlating those two--the guy who does the global competitive analysis for the Davos forum, a business professor at Harvard--and he's found a very strong statistical correlation between the environmental performance outcomes and the competitiveness performance outcomes--which isn't to say it's a one-to-one. Obviously, good environmental performance is not the only variable that affects your economic performance, but it's among that short list of significant variables that's an indicator of strong economic outcomes.
Will this alone create stronger competiveness? No. But what it does is create an incentive for innovation, more productive use of natural capital. If you think of it, the economy of the future is going to reward countries that are energy efficient, low polluting, and use their natural capital wisely. We're already seeing that. If you look at where the growth is around the world, it's in things like clean energy, hybrids, electric cars, fuel-efficient vehicles, local food, organic food.
Those sectors and other kinds of green sectors are growing much faster than traditional sectors of the economy and have been for a decade. So in terms of where the economy of the future is going, Canada positions itself well by creating conditions that will encourage clean innovation and encourage effective, productive use of our natural capital. We should get the greatest--