I think there's a tremendous amount of growth we could see in clean growth, clean energy, for instance in looking at smart grids, and in looking at energy efficiency. We're investing over a billion dollars in energy efficiency alone, and I am a big believer in it.
I grew up in Labrador in a town called Happy Valley-Goose Bay, and it was isolated at the time. When the federal government announced big programs, they never seemed to affect my community. What I love about, for instance, retrofits, which is something my counterpart in the United States is looking at as well, is that they affect where you live; they affect where you work. In other words, the jobs are created in your community. The International Energy Agency, whose meetings I now attend fairly regularly, has identified energy efficiency and home retrofits, for instance, and commercial retrofits, as being the world's hidden fuel. Those could get us anywhere from 30% to 40% towards our Paris targets. These are small things, but done en masse across this country, they can help us meet those targets.
We're willing to look at anything, really, that seems like a good idea to help us lower emissions and protect our workers. We've put $9.4 million towards tidal energy in Nova Scotia. We're putting money towards geothermal energy in Alberta. We have $15-million worth of solar farms in Alberta. We're building solar farms in Prince Edward Island. In the throne speech, we committed to working on the Atlantic Loop, which in effect would get the Maritimes off coal.
All of these things will help us lower emissions. All of these things will create jobs.