Industrial carbon pricing, from our perspective, is a really important aspect in correctly incentivizing energy storage deployment. Especially in market-based electricity systems like Ontario's and Alberta's, the OBPS correctly prices different kinds of generations—natural gas, energy storage or nuclear—and properly values the cleanliness that some of those technologies bring.
When you compare that to jurisdictions that don't have carbon pricing, like, for example, the U.S., what we see is that there will be deeper tax credits and more subsidies used instead—almost a reverse carbon price—that will require more spending on the part of the government.