Thank you.
I ask because I'm trying to figure out what would constitute an efficient subsidy. What is the definition of an efficient subsidy? The Minister of Environment and Climate Change announced that he planned to put an end to inefficient subsidies. To my mind, an efficient subsidy is one that leads to the reduction of greenhouse gas emissions. I don't see how a subsidy can be efficient if it increases production.
Would you agree with me on that point?
I'd like to hear from Mr. Klein as well.