Sure. Thank you.
The green transition of Canada's economy is required to achieve net zero. It requires advanced planning, investments in technology development and the deployment of those technologies. These measures would mean significant changes to our daily lives in the decades ahead.
The launch of the advisory panel would create an independent and credible platform to gather ideas, research and analysis on the many pathways to achieve net-zero emissions by 2050 across Canada, and to do so in a manner that will ensure the prosperity and economic health of Canada in the future. The advisory panel would comprise eminent Canadians drawn from all regions of the country and from various sectors and perspectives. The advisory body's analysis would support the Government of Canada in making informed choices with respect to reducing emissions and growing our economy. The primary mandate, as you know, is to provide advice on the most promising pathways to achieve net zero by 2050.
We certainly recognize there is a need for this independent body to have the resources to carry out their work. That is why there is a dedicated budget of over $15 million over the next three years and a dedicated secretariat to support their work.
The advisory body, going forward, would establish a transparent and inclusive process to engage with stakeholders.