Bill C-30 (39th Parliament, 1st Session) committee  You have to remember, Mr. Godfrey, that I am not a trader by background. I am an electrician, so I come from an industry background. This trading thing is relatively new to me. However, this much I know: we trade globally and we don't make everything in Canada. We are better at d

Bill C-30 (39th Parliament, 1st Session) committee  Mr. Watson, you cannot decarbonize your economy overnight. You can start to inform the people who make the investment of the best way to make that investment. The only way, at least that I know, is to have a price mechanism. If you don't have a price mechanism, you make a cost-pl

Bill C-30 (39th Parliament, 1st Session) committee  I will take that if you'll allow me, Mr. Bigras. It is a market for carbon, and it's a market of ideas, and it's a market of products. There are a number of exchanges in Europe--I think six or seven, we lost track--and most of them are our members who offer this service, and var

Bill C-30 (39th Parliament, 1st Session) committee  Yes, I would complement what Mr. Delbeke says, that this is governed by all plans. It is a very powerful greenhouse gas, and it is not an illegal substance. It is governed by the Montreal Protocol. It is not an illegal substance, and as such it's not floating out there in the way

Bill C-30 (39th Parliament, 1st Session) committee  If I may complete this, Mr. Chairman.... If you look at some of the slides I provided you with, you can see that there are a number of governments and companies that are purchasing this. I will also point out to you that as a matter of fact, most of the money coming into the ma

Bill C-30 (39th Parliament, 1st Session) committee  Mr. Jean, this has been approved and consulted in a unanimous way with the members of the Canadian working group of IETA, which includes Shell Canada, Nexen, TCPL--Trans-Canada PipeLines, Ontario Power, Alcan, Holcim, St. Lawrence Cement, Lafarge.... I can go on and on.

Bill C-30 (39th Parliament, 1st Session) committee  I would not agree with that, Mr. Jean.

Bill C-30 (39th Parliament, 1st Session) committee  I have testified in front of other committees and commissions, and in front of Mr. Delbeke's commission on a group called “environment, competitiveness,and energy”; essentially, he's looking at how these three elements play. A market-mechanism emission trading system is another t

Bill C-30 (39th Parliament, 1st Session) committee  I would hesitate to get into the economics of Nicholas Stern, but what I will get into is the economics of the Dutch government, which has completed its purchase program at prices that are well below what others are purchasing at today. Again it's a matter of whether you are gett

Bill C-30 (39th Parliament, 1st Session) committee  Thank you for your question, Mr. Bigras. I'd like to answer you in French, but I hesitate to do so. So I'll answer you in English. Regarding the efficiency of the EU emission trading system, the emission trading system is the cornerstone--and I'm responding on behalf of Mr. Delb

Bill C-30 (39th Parliament, 1st Session) committee  In very simple terms, it means that you do more than you have to do because you gain from it. The market approach of the cap-and-trade system should awaken the entrepreneurial spirit in every business person who has a cap, and drive him to reduce more than he can, to make his ent

Bill C-30 (39th Parliament, 1st Session) committee  Thank you very much, Mr. Chairman, for inviting me today. I'll try to be brief. The IETA is a non-profit business organization dedicated to ensuring that the objectives of the framework convention on climate change and climate protection are met through the establishment of an e

Environment committee  Mr. Cullen, I will say the following. The centre of trading in the EU and around the world--and many people don't like to hear this--is in the U.K. The people who have been the biggest promoters of this have been U.K. businesses. To my knowledge, it is not an issue of whether w

Environment committee  And we recognize that.

Environment committee  There are different schemes. One of them is the U.K. emission trading scheme. This is actually a scheme that was designed by a joint government-business group, the U.K. emission trading group, led by Sir Charles Nicholson from the BP. That is the precursor to the EU emission tr