The main element is making sure that manufacturers are able to recycle what they pay in carbon taxation back into investment in emissions-reducing projects, just ensuring that there's a “one for one” there so that as carbon revenue comes into the government it doesn't go into general revenues—that they're able to put it back into an operation. For example, if a manufacturer wants to reduce its facilities' emissions by implementing a new energy generation system or something like that, providing that recycling ability would help them reduce their emissions overall. I think it would be pretty powerful.
On November 2nd, 2020. See this statement in context.