To achieve net-zero emission goals, this budget must strategically dedicate resources to prepare for a significant scale-up in energy efficiency. Canada lags other nations in the efficient use of energy resources. A recent International Energy Agency analysis showed that Canada has the highest energy intensity measured by total final consumption per unit of GDP amongst all member countries. However, this suggests there is significant potential to cut energy costs, improve productivity, and reduce emissions.
The multiple benefits of energy efficiency can help Canada manage both demand and supply shocks from COVID-19 while improving the operation of our buildings to reduce virus transmission.