I have become a convert of energy efficiency, Mr. Cannings, partially through your efforts, but definitely just by the facts.
The International Energy Agency calls energy efficiency the hidden fuel. If we were to get it right, it would allow us to meet about 30% of our Paris accord commitments. What I really like about retrofits, as a guy who grew up in Happy Valley-Goose Bay, Labrador, is that no matter where you live in this country, this program will affect you. It will actually physically affect the home in which you live.
It's not one of these programs that will affect that crowd over there, that province or that region. Growing up, you'd hear about ambitious government programs, perhaps, but they never seemed to affect your community. Retrofits would affect both commercial and residential buildings. They affect the communities, and they affect people living in those communities.
We are going to continue to work on an ambitious program in this space. We're making a significant down payment both in the fall economic statement and in our climate plan. We're going to keep pushing on this because it is effective, and it hits all Canadians.