In Canada, RBC's report says that it will cost $2 trillion to get to net zero by 2050. Apparently, governments today spend about $15 billion a year. That number has to go to $60 billion a year.
We could be the best global citizens and do all the work, but if the United States, China, India, Brazil, Russia and others don't follow, we're asking a lot of people to pay a lot of money without necessarily knowing that it will have a significant impact.
I appreciate the dialogue we've had here today. I hope we get really tight on what we mean by benefit and what we mean by cost. I think that's important so that there's transparency around what things cost. I am somewhat skeptical that we're going to get there on a very linear path.
Thank you, Mr. Chair.