My political party and I see a benefit in this. We often talk about the cost of a measure, an investment, or the cost to a company, an industry or the consumer, but inaction also has a cost. We tend to forget that sometimes.
As an economist, you said earlier that market mechanisms such as pollution pricing, also known as the carbon tax, have an incentive effect on consumers to change their behaviour. Based on your assessment in recent years, does this measure alone enable the federal government to meet our targets and reduce our greenhouse gas emissions?