It looks like we're going to be right up against the bell, Mr. Chair. I'll do my best to hit it right on the nose here.
There's been some discussion at this committee about carbon pricing. I know this is a matter that's of interest to Canadians right now. I was sitting at the environment committee when ECCC was there. They reported to the committee that they estimate that the carbon price is responsible for about 30% of the emission reductions in the current federal emissions reduction plan, which I found fairly surprising. The committee has asked for their analysis so that they can better understand how they came up with that number.
It does seem that in a lot of this discussion, we're talking about comparing the option of carbon pricing to the option of doing nothing. I don't think that's an option that very many Canadians will accept. I do think that most Canadians want Canada to act on climate change to reduce domestic emissions, and to do it as inexpensively as possible.
The question for you, Mr. Giroux, is whether in your opinion there is a less expensive way to achieve the domestic emissions reductions outlined in the emissions reduction plan and in accordance with the national targets. Is there a less expensive way to do that than through the current pricing approach?