Under the Sustainable Development Goals Act, Nova Scotia has legislated a net-zero greenhouse gas (GHG) emission economy by 2050. To achieve this important milestone a portfolio of decarbonization strategies will be adopted by the private and public sectors. Demand-focused strategies include energy efficiency, energy conservation and end-use electrification, while supply-focused strategies include low-carbon fuels and low-carbon electricity generation. How these strategies are implemented (i.e., slow, moderate, or rapid decarbonization) presents different economic opportunities for Nova Scotian companies.
Applying decarbonization strategies will create economic development opportunities throughout the clean technology supply chain in Nova Scotia. However, the investment uptake is partially dependent on the ability of the local supply chain to mobilize contractors and supporting services that are necessary to obtain, install, and maintain low-carbon technologies.
Upswing Solutions will create a report that is investigating the economic opportunities that arise from future low-carbon investments in Nova Scotia. The report will further the understanding of the supply-chain-wide economic impacts of decarbonization strategies in Nova Scotia
Principal Investigator: Allison Murray, Upswing Solutions