I think it is very important. That signal that comes in the form of carbon pricing, the excess credits that the sector can generate and sell to those that are regulated under those systems, provides a revenue stream. In Alberta it's been extremely helpful for securing finances. I think it is extremely important.
My organization has done some work on ways in which those systems could be strengthened to provide greater incentives and reduce uncertainty, but certainly the price incentive that carbon pricing provides is a really important complement to the regulations, as are the proposed investment tax credits that help defray some of the costs.