Madam Speaker, it is most interesting that it was Conservatives in Canada who brought in the first carbon tax. It was Conservatives in Alberta and then Conservatives in British Columbia who introduced the price on carbon in this country. The Conservatives here campaigned on it federally in 2019, but they have amnesia.
My question is about the cost of not dealing with the climate crisis. It is true that the carbon tax is a pricing mechanism that is supposed to lead to people reducing their carbon. If we did not have that, we would have more carbon emissions. Here is the cost. The Canadian Climate Institute's report says that by 2030, Canada could face annual losses to real GDP of $35 billion, and that depending on whether or not we get our emissions act together, we could be looking at $78 billion to $101 billion annually by 2050 and $391 billion to $865 billion by 2100.
What is the cost to the Canadian economy of failing to get our carbon emissions down? Tell me what that is.