There is no such thing as an efficient fossil fuel subsidy. Fossil fuel subsidies could be seen as providing small benefits, but overall, in the context of the climate crisis, there's no such thing as an efficient fossil fuel subsidy.
The importance of a definition is a matter of transparency. As the commissioner said earlier, we need to know specifically what we're trying to take away from this in the context of subsidies. It's critically important that we look at what the debate on the definition is going to lead us to. We have a major investment gap here in Canada. In yesterday's report, the IPCC said we need to increase investments, only in North America, by a factor of three to increase the capacity of renewables and make sure we pay for the infrastructure that is going to lead us towards meeting our goals for 2030.
I see the definition debate as an opportunity to increase the ambition on transparency, but also to look at opportunities regarding the kinds of subsidies we actually need to unlock the renewable energy potential here in Canada.