Bill C-30 (39th Parliament, 1st Session) committee  I would add that there is value in being able to link with other carbon markets. The world's largest carbon market is currently in the European Union, and the European Commission has made it clear there wouldn't be any possibility of Canada being able to link to the European mark

Bill C-30 (39th Parliament, 1st Session) committee  Well, we always have to be very careful with the word “reduction” because a reduction is always a reduction below something. The kinds of reductions often talked about are reductions that are only in a very relative sense below some future projection of rapidly increasing emissio

Bill C-30 (39th Parliament, 1st Session) committee  Good morning. Thank you very much for your invitation to appear before you today. Today I'm representing both the Pembina Institute and the Climate Action Network of Canada. I'd like to elaborate today on one of the recommendations contained in the package of proposed amendme

Environment committee  First of all, I think we heard a contradiction, because in her opening remarks Aldyen Donnelly said that the market was massively oversupplied; later she said she could only find 91 megatons, and those two things seem to contradict one another. I would refer you initially to the

Environment committee  I will just read from the testimony of Mr. Marcu, who said that the current offsets available in the CDM pipeline amount to about 1.2 billion credits. He said that probably you'd have to discount that a little bit to end up with 800 million, which are much bigger numbers that wha

Environment committee  There are different parts of the global carbon market. The EU emissions trading system is one part. I believe that Aldyen Donnelly, in her initial remarks, was referring to the so-called “hot air” credits that in theory are available to be traded under Kyoto. I might have time

Environment committee  If you read the report Entitled “Réduire radicalement les gaz à effet de serre”, which was published by the David Suzuki Foundation and the Pembina Institute in November 2005, you will find an entire section dealing with the technological and economic opportunities to help us red

Environment committee  Yes.

Environment committee  To begin, I would like to say that I have been working in the field of climate change since 1999. I was not there when Canada's targets were set, but we heard Louise Comeau's testimony regarding the analysis which was carried out in the 1990s. So not only do we have the analysis

Environment committee  The answer is quite simple. As I indicated, in the short term, we believe that the Kyoto objective is the one we should keep; after all, it a legal obligation. And as for the medium and long term, about a year ago we published, along with the David Suzuki Foundation, a fairly det

Environment committee  In terms of formal penalties under the Kyoto Protocol, the most significant one would be the fact that Canada would have to make up for not bringing down its emissions sufficiently before 2012, and that number would be multiplied by a penalty factor of 1.3 in the second round. If

Environment committee  If you or any other representative of the government were able to say clearly and publicly that the government intends to meet the Kyoto target, I would withdraw my remarks about abandoning, but I haven't heard a statement of that kind.

Environment committee  What I've said publicly on many occasions is that the notice of intent that accompanied Bill C-30 foresees Canada's emissions remaining above current levels until at least 2020, and possibly 2025, which, when combined with the government's refusal to purchase international credit

Environment committee  No, we do not. We have published an initial reaction to Bill C-30, which is available on our website. I invite all members of the committee to consult that.

Environment committee  I think--