Thank you for the question.
When it comes to the industrial carbon pricing system, first, it's important to understand that the industrial sector in Canada is significant. It is therefore responsible for a large proportion of emissions. The industrial carbon pricing system is a very effective tool because of how it’s designed. It's not just a price on emissions. Pricing doesn't apply to all emissions; it depends. It's performance-based pricing.
Some companies that have emissions below a certain threshold will even be able to make money by selling their credits to other, more polluting companies in the same industry.
The design is very well done to maintain industrial competition and avoid costs for consumers.