Thank you very much.
What I'd like to help you think about today are the opportunities for innovation in energy savings or energy demand technologies.
Let me provide a couple of examples of problems that are being solved by energy-efficient clean technologies.
One way to deliver quicker building retrofits at scale is to manufacture insulated panels in a factory instead of installing insulation on site. These panels are being manufactured right now in Brandon, Manitoba, by a company named Greenstone.
To rightsize those panels, you need to measure building dimensions exactly. A software developer in Alberta is using drones to take pictures that go into a 3-D model to get highly accurate measurements. That's a great example of mass customization, which involves figuring out how to deal with the intricacies of each building more productively.
Digital technologies play a role. BrainBox AI is a Montreal-based company that uses artificial intelligence to adjust HVAC systems in commercial buildings to get more energy savings.
The other thing we need to do is coordinate retrofits across many buildings at once that have similar equipment replacement cycles. That coordination can provide forward guidance to manufacturers and to other solution providers to come to the market with lower-cost and more innovative solutions.
All these examples are needed because we need five to 10 times the number of building retrofits that we're doing right now to achieve net-zero emissions. Figuring out how to scale energy efficiency can be almost a Canadian version of a moon shot that will produce clean technology spinoffs, because the objective is clear. How to get there involves solving a host of problems by inviting solutions from a variety of different sectors. That coordination between those user needs and domestic solution providers is an innovation strategy that has worked well in other small-economy clean technology leaders, like Denmark.
Of course, there are also social benefits, especially if we target low-income Canadians for energy savings. I would be happy to talk about that further during questions.
To conclude, we're not going to achieve the type of scale-up we need or the clean technology opportunities that could arise by offering small incentives to retrofit one building at a time. We need a more mission-oriented approach that actively explores innovations to solve energy efficiency and building retrofit challenges.