Thank you for the question.
When we talk about the untapped opportunity for renewable energy in Canada, we are really talking about opportunities that exist across the country. Right now we are in the midst of conversations and procurement processes really from coast to coast as we see conversations in Nova Scotia, Quebec, Ontario and Saskatchewan as well as a real boom in the deregulated market in Alberta.
Really when we're talking about the untapped resource, we are talking about the opportunities to deploy wind and solar in all of these jurisdictions. There is likely to be a pretty great opportunity in provinces like Alberta and Saskatchewan and Nova Scotia, where there are highly emitting grids and there is opportunity to deploy wind and solar to reduce emissions in those grids as we move forward to net zero 2035 for our grid. Really we do see lots of opportunities here.
I would say that in the context of this conversation, really the competitiveness challenge that we are seeing from the Inflation Reduction Act in the U.S. is a barrier, or it will become a barrier very rapidly. That's why we advocate for the government to have a rapid response both on the programming side—and we have seen pieces of that with the fall economic statement—and on the policy side. If we get a longer-term view of the target price, that does send a signal to bring on renewable energy in the provinces that require a heavier decarbonization lift.
The clean electricity regulation will send a signal to all of the system operators to begin preparing their plans and their grids for a decarbonized system. Then we think on the programming side seeing the launch of the refundable investment tax credits and the finalization in the 2023 budget will be very helpful. We would also be eager to see the launch of the pan-Canadian grid council so we can talk about some of the great modernization that is required to ensure that we can affordably and effectively reach net zero by 2035.