Thank you, Mr. Chair.
Thank you, Mr. Calzado and Mr. Tremblay, for joining us today.
I'd like to focus on the investment tax credit regime here in Canada.
Mr. Calzado, specifically for you—and you know this quite well—Canada's clean energy investment tax credit regime is one of the most robust in the G7.
For people watching at home, the investment tax credit regime is a refundable tax credit ranging from 15% to 60% of all capital costs when it comes to renewable energy projects as well as for clean-tech manufacturing. The purpose is to rapidly accelerate the deployment of private sector capital to try to build out renewable energy projects by lowering the upfront capital costs for developers and manufacturers.
Mr. Calzado, can you please talk about how important the investment tax credit regime is to try to accelerate that private sector deployment of capital to build out renewable energy projects?