Environment committee  Yes, there will probably be grants to the sectors affected.

Environment committee  In fact, this average reduction will probably be closer to 6% or 7%. The population differences between those two provinces are significant, but those in greenhouse gas emissions are less so. For example, a 15% reduction in greenhouse gases in Saskatchewan is still significant in absolute terms because the province emits more GHGs per capita than Ontario.

Environment committee  There will be other things in tomorrow's report.

Environment committee  The 10% will be returned to the sectors most affected by carbon pricing. I don't have the details on hand, but it's something—

Environment committee  I'm not sure whether all the measures have been planned, but, in part, I think—

Environment committee  The pricing is indeed the same, but the carbon intensity or total emissions will probably decrease as a result of the price on carbon. Unlike in the years before, when emissions will fall slightly, the increase in the price on carbon will more than offset the decrease in emissions.

Environment committee  They are forecasts and there is always an element of uncertainty. I can give you a very simple example to illustrate the uncertainty. If the price of a barrel of oil drops to $10 and the economy continues to do well, the price of gasoline will fall and the price on carbon will not have much impact.

Environment committee  Yes, we made comparisons with European countries that have a carbon exchange system and other countries that have implemented carbon pricing. We compared what happened in terms of consumer elasticity and reaction to those price changes and to a cap being imposed on emissions.

Environment committee  Do you know?

Environment committee  That's a question that would be best answered by the Minister herself and probably the government in general. My understanding is that it's to avoid negatively affecting the competitiveness of big emitters. To go back to your initial question, it is true that those who are at that baseline have a permit to emit at no cost.

Environment committee  That's an interesting question that I asked myself when we first started looking at that issue, and it's a common comment that I've heard. Under the OBPS, as I prefer to call it to avoid mumbling the words, the large emitters will have a baseline, so those that are more efficient than the average will have credits.

Environment committee  Thank you for asking me this question again and allowing me to come back to it. In this report, we measured the greenhouse gas reductions that would result from the price on carbon in those four provinces for the 2019-24 period. That reduction would range from 4% in Ontario to 15% in Saskatchewan.

Environment committee  Yes.

Environment committee  Of course. It is on page 7 of the English version of the report, and on page 8 in the French version.

Environment committee  Of course. Figure 2-1 shows that both tax revenues and the price of carbon will increase significantly between 2019 and 2024. However, the price of carbon will increase by 150%, at a higher rate than revenues. This means that carbon intensity will decrease. The percentages shown—-15%, -7%, -4%, -6%, -6% and -6%—are those of the greenhouse gas reductions to be expected in each province.