Again, this is an essential commitment to providing the certainty investors want in assessing the opportunities here in Canada. A taxonomy is a crucial commitment, along with the need for the underlying infrastructure and other areas of regulatory certainty that investors are looking for.
We need public action, but we also need significant private investment to help us achieve our 2030 and 2050 Paris goals, so the taxonomy will help investors who have set their own climate targets. Many large asset owners in Canada and around the world have set their own reduction targets, and they need to have consistent, clear information to assess whether or not they're on track as a pension plan or other asset owner that has said it will meet a particular reduction target by 2030. They need information to measure their progress against those goals, so it's a crucial commitment from this government.