Most of the G7 countries have some form of carbon pricing. This is the case in all of Europe, in Japan and even in countries like China. The main outlier is the United States. Of course, that creates a particular situation for Canada, because the U.S. is our main trading partner.
In terms of economic impact, I'm not sure I can speak to that. I know that Europeans have been much better at reducing their emissions than Canada has, but of course the situation in terms of the importance of the oil and gas sector, for example, is very different. These things are hard to compare. Among G7 countries, we are in a situation where having some form of carbon pricing makes us like most other G7 countries.
