Energy Efficiency Engine of Economic Growth in Canada Papers & Publications
This study models increased investment in energy efficiency to approximately capture all cost-effective energy efficiency (efficiency that is lower cost than supplying additional energy) in four Eastern Canadian provinces (Quebec, New Brunswick, Nova Scotia, and PEI) for 3 energy types (electricity, natural gas, and liquid fossil fuels – oil, propane, and kerosene) with investments sustained over a 15-year period. The goal of the analysis is to understand the overall macroeconomic benefits – economic output including GDP and jobs – of expanded efficiency programs. The study also provides a high-level assessment of the impact on government revenues from investing in efficiency.
The results presented in “Energy Efficiency: Engine of Economic Growth in Eastern Canada” clearly illustrate that investing in efficiency is one of the most effective means of delivering jobs and economic growth widely – across sectors and regions – while savings consumers money and reducing emissions.