The Need for Change
As the world grapples with the impacts of climate change and the cost of energy consumption increases, governments, citizens and businesses alike are turning their attention to finding ways to reduce their carbon footprints, reduce their overall level of energy consumption and change the kinds of energy that fuel their energy requirements.
Impacts of the Carbon Tax
The federal carbon tax will increase until 2030. The table below shows the actual carbon tax along with the actual financial impact per gigajoule (GJ) of natural gas consumption. The figures in Table 2 represent ONLY the carbon tax cost and excludes the cost of natural gas itself.
Carbon Tax Calculator
Use the carbon tax calculator below to enter the year and your annual consumption in order to calculate your annual carbon tax cost.
What is Energy Efficiency
In a nutshell, energy efficiency is using less energy to perform the same task. In other words, eliminating energy waste.
There are enormous opportunities for efficiency improvements in every sector of the economy, whether it is buildings, transportation, industry, or even the power generators themselves. By focusing efforts to reduce energy consumption through a variety of tactics and strategies, businesses stand to reap economic, social and environmental benefits from their efforts.
Challenges With Energy Efficiency
Pursuing energy efficiency opportunities makes good business sense but there are challenges that come with developing an energy efficiency program including:
- Where do you start?
- How do you know you are wasting energy and have opportunities to improve
- Who do you trust to help with developing an improvement plan that works for you?
- How do you avoid making bad investments that do not provide expected returns?
- What is the cost of doing nothing given the impact of carbon taxes and rising energy rates?