Thank you for the question.
It's really complementary. Of course, at the national level, we need to have these targets and these policies. It really gets done, from my perspective, at the municipal level. It's more than a complementarity. We are implementing programs within the localities, whether they are small, rural, northern, urban or medium-sized. There is no one size that fits all, but we need to think about the outcomes and let the solution come from the locality, I would say, or the municipal entity. As Berry has mentioned, they can partner and develop their capacity.
This is why it's also so important for GMF, because we're able to de-risk some of the investment with the federal investments that have been made. Then afterwards, either we're able to bring in private capital, or the municipality chooses to invest again within the PACE program, for example, that has been developed, and developing, also, if I may, the market. When I say that, if we're staying in the retrofit sector, of course, there are the contractors and the insurers. When you look at the resiliency side of things, why not invest in home energy retrofits? Also, instead of renovating a home twice, think about the energy efficiency but also the resiliency side of things, because sometimes these measures can be complementary and add up.
This is why we've—
Oh, sorry.