Environment committee  The auto industry is an interesting case. No, I haven't specifically modelled that sector, but it is in the model, and it comes under other manufacturing or light manufacturing. On the emissions from that sector, from production, there's no issue, really. It is really about sel

Environment committee  No, they're not. GDP is not a great number or a great estimator of national welfare, meaning well-being. The model does kick that sort of information out, and the numbers aren't large, so you can think about it. Those are the types of questions that need to be asked and answered

Environment committee  Which number would that be?

Environment committee  We don't have numbers for lost income, but you could look at the burden on households, and you could look at the burden on the various income strata—deciles they call them—to see the impact. Then if there is an impact, say in the cement industry, one designs policy to address it.

Environment committee  No.

Environment committee  No. This is the notion that sectoral impacts matter. At the national level, there is not a big impact. Again, those types of questions have to be looked at. One has to think about them and then one has to basically design a policy to address them.

Environment committee  I'll be very quick. I'm not saying it has no influence; I'm saying the influence is likely not as stark as the first look would imply. There are opportunities there.

Environment committee  I can jump in. I'm not advocating nuclear. In fact, if one tumbles the numbers, nuclear is a very high-cost policy option, but it is being actively contemplated in the country. I think for the carbon prices, nuclear becomes competitive, but there are all kinds of reductions belo

Environment committee  Thank you. One of the observations was that the targets in Turning the Corner and Bill C-377 are not that far off. One is 35% off BAU in 2020, and one is 50% off BAU. So my quick observation is that if someone is saying that the one target is going to reduce GDP by 50%, while th

Environment committee  Thank you. I'll be very fast. It's a great question. The aluminum industry is interesting in that there are investments in new high-efficiency facilities like in Kitimat--$2 billion, which is reducing emissions significantly. Those emissions can be used through a trading mechani

Environment committee  I'm going to jump in. I don't know where that number came from, but it seems massive. We're talking about halving the size of the economy. Energy accounts for 3% to 5% of the energy bills of some of the large final emitters. I don't understand if you doubled that how you'd sudd

Environment committee  Yes, okay, just to throw in the numbers—

Environment committee  That's a very good question. The regional implications will depend on the emission intensity of the electricity. Quebec, then, being a low-emitting generator of electricity, would benefit greatly, one would think, with an increased rise in the price of electricity, because they'

Environment committee  I can jump in there. This discussion is surreal. Regardless of the targets—you've got two deep targets—you're talking significant reductions from what we're going to do anyway. That requires a response. If one announces these are the targets, one needs a response to hit the targ

Environment committee  You're contemplating a range of targets. You're contemplating a range of actions. Whether we need more analysis or not, I don't know. I mean, I can scurry off and bring you piles and piles of data and information, and we can pore over those. I think what I'm hearing are some fun