As many Canadians grapple with the high cost of living and the climate crisis, it is worth noting that action on climate change makes sound financial sense, and many ways to reduce emissions also save money. New research published in Nature concludes that the cost of environmental damage will be six times higher than the cost of limiting global warming to 2°C. It is important to do all we can starting now.
Renewables such as wind and solar have been the least expensive forms of electricity for years, and are significantly cheaper than electricity produced by burning gas. The costs of solar and energy storage have dropped by more than 90 per cent over the past decade. The cost of onshore wind has gone down by more than 70 per cent in the same period. The provinces with the lowest electricity costs are the ones that use the least oil, coal, and gas.