Thank you very much.
My final question is for Mr. Youngman from the OECD.
I looked at what has been done in Europe over the last three or four years. I found the Emissions Trading System Review; the Revision of the Effort-sharing Regulation for sectors not subject to the emissions trading system; and the Land Use, Land Use Change and Forestry Regulation Review. All of these have been done recently. I found a review of the CO2 emission standards for cars and vans; the review of renewable energy standards; the revision of the Energy Efficiency Directive in Europe; the overhaul of energy taxation; the revision of the border carbon adjustment mechanism, an area where Canada lags far behind; the revision of the sustainable fuels standards for aviation; and the revision of the Energy Performance of Buildings Directive. I will stop there, as I will run out of time.
These are the many advances which have been achieved in the last several years and where Canada, it seems to me, is behind. Of course, all is not lost and there might be a way to move forward in this area.
I would like to ask you the following question. Is Europe a model in terms of regulations and standards, and also of the ability to quickly adapt regulations over time when the economic environment changes?
Should we follow their lead?
Should a country like Canada, which often finds it hard to move quickly, be more flexible and act more swiftly?