Madam Speaker, I would like to thank the hon. member for his work on this bill to help us strengthen it.
Carbon budgets are one path forward. We took the view that this should be a made-in-Canada approach moving forward. The approach is tailored to Canadian circumstances, ensuring the target setting and planning of the key measures, including sectoral measures, are made with the collaboration of all governments in Canada, including indigenous people, industry, non-governmental organizations and Canadians. The level of ambition, or of a target or of a budget is more important than of the two approaches used. Canada has recently announced a highly ambitious new target for 2030, 40% to 45% reduction in greenhouse gas emissions below 2005—