A group of CAN-Rac member organizations, including the David Suzuki Foundation, the Pembina Institute, West Coast Environmental Law, the Conservation Council of New Brunswick and the International Institute for Sustainable Development recently submitted a letter to the committee with our recommendations.
It's been modelled that industrial carbon pricing could be the tool in our policy tool box right now that drives the largest share of emissions reductions in Canada, which is why we're very impatient to see the government move forward with it.
The efficiency argument is also from an economic perspective in terms of the marginal cost of reductions happening first. That's what we mean by efficiency, that investors and companies will be investing first in those emissions that are lower cost and increasing the investments in those that are higher over time.