The Economic Impact Of Improved Energy Efficiency In Canada


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EXECUTIVE SUMMARY
Improvements to energy efficiency are often touted for their economic and environmental benefits. For that reason, measures to improve energy efficiency across Canada factor prominently in the federal government’s Pan-Canadian Framework on Clean Growth and Climate Change (“PCF”), developed in partnership with provinces and territories. Improvements to energy efficiency can lead to significant cost savings, but often also require significant up-front investment. Dunsky Energy Consulting was commissioned to assess the net macroeconomic impacts associated with the energy efficiency improvements provided for in the PCF (as well as of a second, more ambitious scenario, named “PCF+”). For purposes of this study, our macroeconomic modelling focused on actions in the built environment and industry, and did not consider additional transportation efficiency options.

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