As Mr. Boies said, we need to use both the carrot and the stick, that is to say the regulations that impose minimums and provide predictability. In Quebec, we're talking about 5% by 2025, but we haven't yet passed the regulations for the 10% by 2030 target. We should be talking about 20%, 25% and 30%, which would create an obligation. The binding aspect is really important.
The clean fuel standard will add a lot of value to renewable natural gas. Our refiners are already asking a lot of questions about it.
Various other sectors also need help. I'm thinking of cement plants that still use coal and are competing with other cement plants that also use coal, but are under a different government jurisdiction. If we want to force our cement plants to become cleaner, but they can't move towards electrification, perhaps we should help them initially pay the price difference between coal and natural gas, and then gradually decrease the subsidy.
The price difference between coal and natural gas is very significant, and some customers would initially need a little help with operating expenses to make the transition.
If I may, I would like to talk about something we haven't talked about today, namely the economic benefits. We have talked about the costs of RNG, but one study shows that potential construction projects in Quebec would create 88,000 jobs, 15,000 of which would be in production. So we haven't talked about the major economic benefits of these circular economy projects.
I can forward the study to the committee at a later time.