Thank you, Mr. Chair. I am anticipating your ruling given the last one, but I appreciate the opportunity to present it.
Again, carbon budgets are the gold standard globally to make climate accountability legislation work. As I remember, one of our witnesses, and I'm trying to remember now who—it's very embarrassing—very accurately put it that if you were trying to balance your household budget and you wanted to get to so much money saved in your bank account, you'd be doing a better job to budget for that year to year and have specificity around what you're trying to achieve.
Again, the difference between a carbon budget and the way the bill is currently designed is that a carbon budget is a certain number of megatonnes produced by year. We're operating in a carbon budget globally. We are at very grave risk of exceeding the carbon budget that would allow us to meet the Paris objective of as far below 2°C as possible and no more than 1.5°C.
We are much more likely to succeed in meeting those targets by using the gold standard approach of carbon budgets than by using the bill the way it's currently structured. I'm putting forward PV-17 and hope that perhaps it might survive your ruling, Mr. Chair, and then survive a vote.