Absolutely. The cost of fossil fuel alternatives has decreased extremely rapidly in the past few years. For example, the cost of solar power has decreased by something like 80% and wind energy by 26%, year on year. If you look at the International Energy Agency's tech readiness scale, we're also finding they are quite high on the tech readiness scale, with 11 being top marks: they're in the nines and 10s for that.
They are technologically ready. The cost has come down. A paper came out recently in Nature, which is the world's top journal, with the finding that renewable energy is actually more cost-effective and cheaper than coal.
One of the ways to bring down the costs and increase reliability is by combining clusters of innovations, and this is what's happening in the newest legislation in Europe, under the renewable energy communities and energy communities legislation, where they're combining a range of innovations that would support more reliability. Also, when you cluster renewables, you can bring down the costs of things like storage, which I can explain in more detail to anybody who wants to have a meeting with me about that.
Yes, technology is moving really rapidly, but so is regulation in places like Europe, and that regulation is ready to be adapted to Canada. I think this is the area where we should really be focusing our efforts, our attention and our spending.