For instance, in the European Union, according to the reduction plan of greenhouse gas emission, member countries should grant emission license with certain emission quota to relevant companies, and the companies can only emit greenhouse gas within their quotas.
We regard this level as appropriate in light of our updated projection for the economy and inflation—in particular, we expect inflation to reach our 2 per cent target in the second half of 2018. This is a little later than we projected in July, primarily because the Canadian dollar has strengthened in 2017.