Study projects $3.1T economic gain from doubling Canada's electricity supply
What happened
Researchers at the University of Victoria launched the Open Insights initiative on November 4, 2026. The initiative's macroeconomic modeling suggests that doubling Canada’s electricity supply and increasing electrification could add $3.1 trillion in cumulative economic activity between 2026 and 2050. This shift could also support 1.6 million additional jobs by 2050 compared to current trends.
From theobserver.ca
Why it matters
The analysis projects significant economic gains across all ten provinces. For instance, Ontario could see $1.2 trillion in additional economic activity and 773,767 added jobs. The findings relate to Canada’s national electricity strategy and trade opportunities.
From theobserver.ca
Who's involved
- University of VictoriaLed the Open Insights initiative
- Rhonda McEwenPresident and Vice Chancellor of the University of Victoria
- de GrootStudy author affiliated with the University of Victoria
- Xuebin ZhangProfessor employed at the University of Victoria
- Jon WillisResearcher affiliated with the University of Victoria
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The entities involved
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University of Victoria
university in Greater Victoria, British Columbia, Canada