Thank you, Madam Chair.
Both witnesses can answer this question in whichever order they like.
The 2020 interim report on the pan-Canadian approach to pricing carbon pollution indicated that the tools and policies used to date in Canada, under the current carbon pricing regimes, seemed to work to mitigate carbon leakage and competitiveness risks. However, the report did indicate that, even though the price of carbon will rise to $170 per tonne by 2030, additional measures could prove necessary.
What do you make of that assessment? I'd like to hear from both of you in turn.