Yes, carbon pricing is a powerful tool. Our research has shown that the large-emitter trading systems, the industrial carbon pricing systems in Canada, will disproportionately drive Canada's GHG reductions, and it leverages the power of markets to do so.
Is it the only tool we have in front of us? No, there are other ways to do it, and there are smart ways to implement them and combine them, but certainly we need to think about the economic impacts. Economic research has consistently shown carbon pricing can be a good way to do that.