Energy Savings Boost the Coffers of Provinces

A NEW report reveals that Canadian Provinces who promote energy efficiency and lose tax revenue from reduced sales of energy more than make up the loss due to increased competitiveness.

The report from Environment Northeast, a non-profit organisation who promote clean energy and actions to combat climate change, produced the report after Canada’s Natural Resources department ordered a study to answer the concerns of four eastern provinces.

The study discovered that through a more competitive economy they more than fill a state governments coffers, “The economic benefits exceed the cost of implementing efficiency measures,” the report confirms.

“Efficiency investments quickly pay for themselves through increased economic activity and job creation.....The analysis shows that the benefits are greater than commonly recognised even by program administrators and proponents, since expanding the assessment beyond traditional benefit/cost tests introduces the impressive impact to the wider economy.”

The report provides a “significant incentive to move beyond current investment levels” according to Environment Northeast.

Picture: Montreal by S. Lacasse [GFDL or CC-BY-SA-3.0], via Wikimedia Commons

Tuesday 26th June 2012

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