Thank you, Madam Chair.
Thank you to all of the witnesses for joining us today and for your testimony.
I'm going to begin with Mr. Mills and his presentation. Throughout these hearings, we've heard from other witnesses that Canada stands well positioned in terms of its natural resources to help move toward this green recovery. Your comment was that it's going to take some time because, as you mentioned, all nations are making this transition, and there is that sheer volume and the requirements that will be needed for resources and inputs.
That report you just mentioned, “The Role of Critical Minerals in Clean Energy Transitions”, just released by the International Energy Agency, talks about the global energy transition that will accelerate the demand for key minerals such as lithium, graphite, nickel and rare earth metals. That should explode, rising by 4,200%, 2,500%, 1,900% and 700% respectively by 2040.
How do we get to our targets in time? All nations are pledging to the Paris Agreement, but to your point that the cost of getting that input is going to continue, are those figures attainable?