Thank you so much, Mr. Chair.
Since I monopolized Mr. Boswell in my first round, I think I'm going to direct my questions to Mr. Giroux in this next round.
Mr. Giroux, I know there's been quite a bit of focus on climate change and some of the elements within the fall economic statement with respect to some of the things we're doing around reducing emissions. Particularly, an important pillar of Canada's clean economy is the investment tax credits that we've outlined and that were previously announced. What's different in our fall economic statement, though, is that we're actually providing a timeline for our path towards delivering on all of that.
I want to talk a little more about the impact of climate change on our overall economy. I believe it was my colleague who talked about the Canada Climate Institute saying that it has found that GDP has taken a $25-billion hit annually over the last 10 years due to climate impacts. The institute has also found that no economic sector is immune to climate change impacts. Climate damages will trigger net losses for most of Canada's economic sectors through lower productivity and output, lower returns on investment and reduced employment.
Therefore, lowering emissions is key. Do you believe that investing in credits like the investment tax credit is the best bet for preserving both the fiscal health and the economic stability of our country?