Mr. Speaker, according to a press release, the UN's most senior official on climate issues, Yvo de Boer, has reiterated that the current carbon market owes its existence to the Kyoto protocol. He also mentioned that if we do not reach a new agreement that goes beyond 2012, the carbon market could vanish just as quickly as it appeared.
Does the minister realize that if we do not reach a new firm agreement that goes beyond 2012, we could be contributing to the disappearance of the carbon market, a market that tripled between 2005 and 2006, to the tune of $30 billion?
Will the minister take action?