Mr. Speaker, I appreciate the question from the member opposite. With emissions trading, the experience we have as I mentioned is quite limited. When they get to the micro, micro level of individuals, clearly it is not workable, no.
I think it has some potential if you are looking at a transition phase where you have different regions or different contributors to greenhouse gases. What it does is it puts a market price on the result of not meeting certain targets. If those permits become concentrated in the hands of a few and the price goes up, the entity that is producing the greenhouse gas emissions faces a higher cost. The economics start to move more toward taking the measures that will be necessary to meet their own target.
The market pressures are reasonable. It has some practical challenges to fully implement, certainly on a global basis, and even implementing it here in Canada, but it would provide some transitional relief and it is something we should try.