Unlocking Atlantic Canada's Green Energy Potential
Key Ideas
- Atlantic Canada exported $18 billion worth of energy in 2023, driving economic growth and supporting thousands of jobs.
- The region is now looking to transition to producing green and clean energy, including hydrogen, to secure future export revenue.
- Investing in green energy will help Atlantic Canada reduce its reliance on fossil fuels and maintain its position as an energy powerhouse.
- Developing export industries based on renewable assets will enhance the region's economic potential and support public services.
Columnist David Campbell discusses Atlantic Canada's status as an energy powerhouse, with $18 billion in energy exports in 2023, supporting the economy and jobs. The region is now shifting towards green energy sources like wind, solar, nuclear electricity, and green hydrogen. Tens of billions of dollars in investments are expected to flow into the region, creating new sources of export revenue. This move is crucial as the global demand for fossil fuels decreases over time. By investing in green energy, Atlantic Canada can ensure continued export revenue and economic growth. Developing export industries based on the region's renewable assets will offset economic losses from imports and enhance economic potential.