Absolutely.
It is one of the most powerful levers that we've seen so far in making progress towards our 2030 goals. As I know you spoke about earlier today, we're not quite where we need to be. We have a ways to go to be on track for 2030, but the industrial carbon price is doing a lot of that needed heavy lifting.
I know that one of your previous witnesses, Jonathan Arnold from the CCI, spoke extensively around this. I would refer back to some of the research that the CCI has published on this. However, the emissions reductions from industrial carbon pricing are critical. Certainly, we need clarity about what the path between here and 2030 is, and what the pricing regime will look like beyond 2030.
Around the world, countries are making progress, and Canada risks being left behind if we don't set clarity and have commitments that can outlast any one Parliament or any one political party.