Natural Resources committee  The issue is that this constitutes a global objective. The logic that you just explained applies equally to the aluminum or cement sector, for example. Basically, all sectors engaged in international trade must receive support in order to reduce their emissions, because this affe

Natural Resources committee  Yes, but at the same time, Ms. Collins, I would just emphasize that it could be that production over the next 20 or 30 years goes down, because for humanity we need that to happen, and we're pretty high-cost producers. You wouldn't want to delude people in a region and say, hey,

Natural Resources committee  Humanity is way too slow in getting global greenhouse gas emissions down. First, wealthier countries need to be going fast like us, and then we also need to be using trade measures to make sure that other countries around the world are acting and following that. The policies we

Natural Resources committee  Yes, but with regard to the word “stability”, it actually should be something that's declining over time.

Natural Resources committee  Yes.

Natural Resources committee  Could I just jump in?

Natural Resources committee  When you use the word “externality”, we pedantic academics are thinking about environmental damage somewhere else. I think what you're talking about right now is that we have to account for anything that's outside of our system, like a war in the Middle East or a higher price of

Natural Resources committee  Absolutely. When you do this kind of work, you do modelling, which is what I and the people I've trained do, and we have to see what is outside and what is inside.

Natural Resources committee  Absolutely yes.

Natural Resources committee  Thank you for that. Yes, they have. It's taken us a while to get there but it is to get the policies focused on the pollutant, on the greenhouse gases, and not harming a particular industry or region. I'll just quickly say that I published a book 20 years. It did quite well. It

Natural Resources committee  It's Mark Jaccard here. Yes, but it's also leakage. It's also how you decide how much you're doing in other sectors in Canada. There are two parts to it.

Natural Resources committee  That's my view.

Natural Resources committee  Thanks for this opportunity to appear. In my remarks, I'm just going to focus on two challenges. The first is setting the level of the greenhouse gas cap, and the second is the design of a policy mechanism to achieve the cap, and I'm sure you're hearing a lot in both of those a

Natural Resources committee  Yes.