Of course, each program has its own realities, and they must be studied before making recommendations. Certainly, overall, for this type of program and investments of this magnitude, we must ensure that criteria are imposed to guarantee the longevity of investments and effective management of the risk of extreme weather events related to what's being done.
We must remember that Canada is a large country that is complicated, in that some regions are at risk of coastal storms, while others are at risk of wildfires, river overflows or urban flooding. There's a certain challenge there in connecting with regional risk characteristics.
Clear criteria must be established, and they may reflect a certain obligation to fully understand the risks prior to investing, for example. I think that's an opportunity to be seized. It's something that needs to be done. In Quebec, municipalities are currently developing climate plans that include climate change reduction and adaptation as well as mitigation of its effects.
We were just talking earlier about funding for these initiatives. Those municipalities are currently able to develop climate plans because they've received $500 million from the Quebec government to do it. That $500 million comes from the carbon market with California, which generates revenue for Quebec that can be reinvested in this type of initiative.
Once municipalities have risk assessment and analysis processes in place, it will certainly be easier to implement the program. It will also be possible to move forward and build safe housing.