A 2023 Canadian Climate Institute report found that as Canadians switch from fossil fuels to more energy-efficient electric technologies, they will save money on energy costs over time. Average household spending on energy is expected to decrease by 12 per cent by 2050. https://climateinstitute.ca/reports/electricity/ In September 2022, Mark Jacobson and his team at Stanford University calculated that transitioning 145 countries to 100% renewable energy would cost $62 trillion. However, the annual savings from switching the world to 100% renewable energy would be $11 trillion. Thus, the initial investment would be recouped in just six years. Deloitte’s Global Turning Point report (June 2022) concluded that a rapid global net-zero transition could add $43 trillion to the economy, while insufficient action could cost $178 trillion by 2070. A major International Energy Agency report released on May 30, 2024, showed that the transition to net-zero emissions would result in lower global energy costs compared to continuing on the current path. The report also highlighted that the faster the transition to clean energy, the more cost-effective it becomes for governments, businesses, and households. https://iea.li/4aM2zNn The Big Switch Will Save Us Money!
https://web.stanford.edu/group/efmh/jacobson/Articles/I/145Country/22-145Countries.pdf
https://www.deloitte.com/global/en/issues/climate/global-turning-point.html
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LAND ACKNOWLEDGEMENT
CCL Canada respectfully acknowledges that the work we support stretches across the homes of many First Nations, Métis and Inuit peoples on Turtle Island and that their traditional knowledge must be significantly incorporated as part of meaningful action on the climate crisis. We acknowledge that they are traditional owners and custodians of this land and that for decades they have been the first line of defence against climate breakdown. Indigenous resistance has stopped at least 1.8 billion metric tonnes of greenhouse gas pollution on Turtle Island