Written Submission to Pre-Budget Consultation for Scaling Decarbonization Investments to Achieve Federal Affordability Objectives, Demonstrate Equity, and Enable Net Zero Workforce Strategies Supporting Black Canadians

Written Submission to Pre-Budget Consultation for Scaling Decarbonization Investments to Achieve Federal Affordability Objectives, Demonstrate Equity, and Enable Net Zero Workforce Strategies Supporting Black Canadians

This year’s federal budget must consider how to help Canadians with the rising cost of living while continuing to take action on climate change to achieve net-zero emissions and reduce fossil fuel use, especially given our economy’s vulnerability to future price increases. Energy efficiency is a way to make progress on both affordability and climate objectives.

Lowering costs and enhancing equity to achieve net-zero emissions through energy efficiency

Lowering costs and enhancing equity to achieve net-zero emissions through energy efficiency

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.

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