Thank you very much, Mr. DeMarco, for appearing again at committee. Welcome back.
Thank you to all the witnesses and experts. Our panel is well attended today, and we appreciate the opportunity to ask some good questions.
Mr. DeMarco, you focused a lot on ambition in your report. I appreciate that. I'm a strong believer in our needing to be more ambitious with respect to achieving our climate targets and our decarbonization. I'm also a strong believer in carbon pricing and the impact it can have as a market-based instrument in reducing our emissions. It is a topic of conversation in the House of Commons and the media quite frequently. It seems as though the conversation we're having in the House of Commons isn't so much about how we fight climate change as it is about whether we fight climate change.
I agree with much of your report, and I appreciate it. In broad strokes, I feel as though I can take this away from it: All the necessary architecture is in place to continue our action on fighting climate change and increasing our emissions reduction plan—to lower our emissions even more—but we need to move faster. We need to set larger, higher and more ambitious targets.
Would you agree with this characterization, and could you also point to the importance and value of a market-based instrument like carbon pricing and its contribution to those emissions reduction targets?