Because I mentioned it quickly, I'll speak to the report that came out.
Essentially, we estimate that about 14% of all of Canada's public infrastructure assets that are municipally owned are in poor or very poor condition. We're going to be updating that number, and I would be happy to distribute the information to the committee. The report is coming out in a couple of months. I'll make sure to send that over to you folks. Using outdated figures, the number is a $294-billion backlog for infrastructure repairs. That speaks to the level of need for funding for a state of good repair. When that amount of infrastructure is in a state of poor condition, it enhances climate risk under any scenario.
In terms of the report I mentioned—I'll circulate information about this after the fact, as well—FCM partnered with the Insurance Bureau of Canada. This report was led by the Canadian Climate Institute. It's called “Prepare or Repair”. The main finding is this: If we were to invest $4 billion in climate adaptation, it would generate about $5 billion to $10 billion in savings. There's a real opportunity here, given the financial impact and financial risk presented by extreme weather, to invest proactively in order to make sure that we're preparing for climate risks and natural hazards—that we're protecting our communities in those ways. It's more affordable to invest in preparing than it is to repair after the fact.
Louise, do you have anything to add?