When the initial output-based pricing system was crafted, there was a fairly significant competitiveness risk analysis process that every sector underwent. Sectors were ranked by their level of exposure and then, as was mentioned in other remarks, the percentage of emissions that were subject to the carbon price were then calibrated based on the level of risk.
We believe that before we get into a conversation about changing benchmarks and other stringency measures, another competitiveness review should be completed.
