Bill C-30 (39th Parliament, 1st Session) committee  The Kyoto Protocol is like a practice for the actual game. In actual fact, it isn't a final agreement. As Prof. Boyd said, to combat climate change, we have to achieve global objectives in the order of 25 billion tonnes, and Canada in all that only constitutes a very small part.

Bill C-30 (39th Parliament, 1st Session) committee  I'm sorry, what are you calling air caps?

Bill C-30 (39th Parliament, 1st Session) committee  Oh yes. The cap is there just for the market to get a certain price and to achieve a goal. If you don't put on caps, you will never get an economic incentive to reduce, really, because anything goes. You can see that markets that work without a fixed cap will not bring interest,

Bill C-30 (39th Parliament, 1st Session) committee  Thank you. Carbon intensity is a relative indicator. It indicates nothing with regard to the total quantity of greenhouse gases emitted. As Mr. Boyd said, we in Canada have increased our emissions by reducing our carbon intensity and, if there are no limits, carbon intensity can