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The UCP released a report conducted by us this morning. We’ve seen the numbers being associated with our report and we’d like to set the record straight
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In this report, we estimate the macroeconomic cost of achieving net zero in Alberta’s electricity sector. We relied on the AESO for an estimate of the investment required to decarbonize this sector and were asked to look at the macroeconomic impacts of this investment
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It’s important to acknowledge that reducing emissions will likely come at a cost. In this case, reaching net zero in the electricity sector leads to a cumulative GDP impact of $35 billion from 2020-2040. For context, this represents a reduction in annual GDP growth of ~0.03%
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This $35 billion already accounts for, and is not additive to, the investment estimated in the AESO report. The cost to Alberta’s economy reported in the media today is more than double what our model suggests it will be. Our report is available here:
naviusresearch.com/wp-content/upl…
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naviusresearch.com/wp-content/upl…
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