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Economic advantages are becoming a main focus in the clean energy conversation, alongside public health and ethical considerations.

A study has been released by Efficiency Canada (formerly CEEA) and Clean Energy Canada entitled Less is More - A win for the economy, jobs, consumers, and our climate: energy efficiency is Canada’s unsung hero.

The two organizations asked Dunsky Energy Consulting to model the net economic impacts of the Pan Canadian Framework, which was designed to meet Canada’s Paris agreement targets. It also modelled “best-in-class”

efficiency efforts for each fuel type in jurisdictions across North America.

The study found that these initiatives are saving Canadians between one billion and two billion dollars on energy ($1.4B or $1.8B) each year, will add 118,000 annual jobs and $356 billion to Canadian GDP growth over 14 years. They will cut carbon pollution by 52 million tonnes (or 79 million tonnes under the best-in-class scenario).

The report notes that within the pan-Canadian framework, every $1 spent on energy efficiency programs generates $7 worth of GDP. Framework items will cost $48 billion, and create growth of $356 billion.

The five principles of the framework are:

  • Adopt a net-zero energy ready model building code by 2030.
  • Develop a model code for existing residential and commercial buildings by 2022.
  • Set new standards for appliances, heating equipment, and other key technologies.
  • Collaborate with Indigenous communities to incorporate energy efficiency into their building renovation programs.
  • Improve industrial energy efficiency through the adoption of energy management systems.

The full text of the report can be found here