A new report from a new organization: on May 3, Clean Energy Canada announced that it had partnered with a new national policy organization, Efficiency Canada, to publish a study of the economic impacts of energy efficiency for Canada. The report’s title tells the story: Less is More: A win for the economy, jobs, consumers, and our climate: energy efficiency is Canada’s unsung hero .
There are two scenarios reported: The first, modelling energy efficiency programs in the Pan-Canadian Framework (“PCF”) , estimates that every $1 spent on energy efficiency programs generates $7 of GDP, and an average of 118,000 jobs per year will be created between 2017 and 2030. Jobs would be spread across the country and the economy, with about half of new jobs produced in the construction, trade and manufacturing sectors, peaking in 2027 and 2028. The overall economic impact is largely driven by energy cost savings – for consumers, $1.4 billion per year (which translates into $114 per year per household). For business, industry and institutions, the savings are estimated at $3.2 billion each year. Importantly, the PCF energy efficiency programs could reduce greenhouse gas (GHG) emissions by approximately 52 Mt by 2030, or 25% of Canada’s Paris commitments.
For the second, more ambitious policy scenario, “PCF+”, the net increase in GDP grows to $595 billion, employment gains are over 2,443,500 job-years in total from 2017 to 2030, and greenhouse gas emissions are reduced by 79 Mt, or 39% of Canada’s Paris commitment.
Less is More is only 8 pages long. The detailed results, as well as explanation of the modelling assumptions, are found in the Technical Report , produced by Dunsky Energy Consulting of Montreal, commissioned by Clean Energy Canada and Efficiency Canada. The technical report modelled the net economic impacts of energy efficiency measures related to homes, buildings and industry (not included: the transportation sector, nor electrification and fuel switching in the building sector). Modelling was done for two scenarios: implementation of programs in the Pan-Canadian Framework on Clean Growth and Climate Change (PCF), and a PCF+ scenario, which includes all the PCF programs plus “best in class” efficiency efforts , derived from exemplary programs across North America.
Efficiency Canada , the national policy organization launched on May 3, is based at Carleton University in Ottawa and is the new incarnation of the Canadian Energy Efficiency Alliance. From the new website: “Efficiency Canada advocates to make our country a global leader in energy efficiency. We convene people from across Canada’s economy to work together to advance policies required to take full advantage of energy efficiency. And we communicate the best research out there to build a more productive economy, sustainable environment, and socially just Canada.” To read their full story, go to their webpage, Who is Efficiency Canada ?