Things like carbon border adjustment mechanisms or pricing carbon at the border can be really key ways to make sure that heavy-emitting industries, or industries just generally across the board, are not overly exposed to trade or competitiveness pressures globally.
With a strong industrial pricing system, Canada can also prepare for other countries or other jurisdictions like the European Union putting in their own carbon border adjustment mechanisms, ensuring that we don't pay a fee to places like the European Union for our emissions and that we keep that revenue in Canada to reinvest in emissions reductions. A carbon border adjustment mechanism that Canada develops can work well in concert with things like domestic industrial pricing to prompt investment in decarbonization both at home and abroad.