Mr. Speaker, I appreciate the member opposite's continued interest in this very important issue.
Our government is serious about tackling climate change, and doing so in ways that best serve Canadians. That is why our government is working in collaboration with the provinces and territories to develop a new model code for existing buildings and homes by 2022. It is part of the pan-Canadian framework on clean growth and climate change, and the buildings strategy adopted by federal, provincial, and territorial energy ministers just last year. It is supported by the $182 million we included in budget 2017 to improve energy efficiency in existing buildings and encourage the construction of new net-zero energy buildings across the country.
Canadians understand the benefits of such efforts. They recognize that making their homes more energy efficient will result in lower monthly utility bills, improved comfort, and a higher resale value down the road. Through the Generation Energy dialogue, we asked Canadians to imagine their energy future. It is clear that Canadians want to take action on energy efficiency as part of the transition to a low-carbon energy future. Provinces, territories, and G20 member countries are also moving in this direction. However, none of this will happen overnight. Instead, we are signalling our intentions to the market so that there is plenty of time to adjust and adapt.
Our country's history with furnaces is a good example of how well this approach works. The price of residential gas furnaces dropped 30% between 2000 and 2010, because the market had plenty of lead time before new regulations were finalized. That is why we are also working with the building industry to lower energy and construction costs through innovative research, development, and demonstration projects. That is why we are investing in new building technologies that will bring costs down even more for consumers.
This is a five-year process that explicitly considers cost-effectiveness and affordability. It is a process that is both evidence-based and consensus-driven. It is a process built around industry-wide consultations, regional representation, and plenty of opportunities for public input well in advance of the new codes being published. This is how it should be, a truly national exercise that is led by the Canadian Commission on Building and Fire Codes, that respects provincial and territorial jurisdiction over how new homes and buildings are constructed, and that supports partners in the building industry to come up with solutions that work for Canadians.
I am not sure why the member for Calgary Rocky Ridge is opposed to any of that. The energy we use to power, heat, and cool our homes and buildings accounts for 17% of Canada's greenhouse gas emissions. Why is the member opposite opposed to finding cost-effective ways to reduce that, especially since as much as 75% of the buildings in Canada today will still be in use in 2030? It just makes sense to make them as energy efficient as is possible, reasonable, and practical, and we are doing this by working with all Canadians.