Environment committee  Thank you. There is a typo in my presentation, so in true form, I'll have to point it out. Thank you, Mr. Chairman and honourable members of the committee. I want to thank you for this invitation which will allow me to speak to you today. If I may, I will continue my presenta

Environment committee  Yes.

Environment committee  I haven't seen a detailed plan in terms of measures. Objectives have been identified, but in terms of specific measures, no.

Environment committee  I think there are two parts to the answer. The first one, as Professor Dissou mentioned, is that essentially, the broader the pool of potential emissions you're considering with a measure, the lower the cost of addressing the measure. Essentially, if you think of it this way—let

Environment committee  Well, it's not clear that we'd receive the investments. We'd receive the credits.

Environment committee  It's not as clear. Are we a net buyer or a net seller of emissions reductions?

Environment committee  It depends on how costly we are in reducing emissions.

Environment committee  You can connect an intensity approach to a level approach if you agree on end points.

Environment committee  You back out what the levels would be. You have to have a level approach. You have to figure out what the level of emissions is going to be. But the target can be specified any way you want, as long as you agree on an end point. Then you can back out from there. The levels consis

Environment committee  A Canadian market is probably a good first step, but we need to think of a broader market. Considered with the U.S., Canada's emissions are roughly 2% of the world's, give or take a fraction. This is a relatively small part of the action in greenhouse gas emissions reductions. To

Environment committee  If I was not clear, I am sorry, especially since this is exactly the kind of situation I have in mind. It seems to me that based on certain established conventions, including rulings by the Supreme Court of Canada, the Canadian Parliament has the responsibility to negotiate and i

Environment committee  Indeed, the transaction costs would be much lower if we had compatible systems. However, because we have a system of tradable permits, we will have to decide at some point how many permits we will issue, even if we have intensity targets. One way or another, if we opt for a trada

Environment committee  This contribution to a technology fund can be presented much more as a tax on carbon emissions. Depending on the structure and the way this fund is set up, it's a form of carbon emission tax. How this tax revenue will be spent has been determined from quite a broad standpoint. Th

Environment committee  Of course, the less waste you produce the more productive you are, but that's true across all factors of production, not just one in particular. You could become more efficient, if you want, in using one factor, but at the cost of becoming less efficient in the mix of factors for

Environment committee  Sure. I think we would be spending less on energy, but that doesn't mean that overall we'd be more productive.