Vancouver, BC - The City of Vancouver’s plan to phase out fossil fuels as part of the Greenest City Action Plan will save Vancouver households and businesses money in energy costs by providing more choice in how residents power their homes and get around town. A study commissioned jointly by the City of Vancouver and BC Hydro and conducted by Navius Research has shown that by taking steps to improve energy efficiency and transitioning to renewable energy, a single household could reduce their energy costs by up to $583 per year by 2030 and $994 per year by 2050.
The full study, to be presented to City Council next month, identified potential savings for both residents and businesses as a result of phasing out fossil fuels by 2050:
|By 2030||By 2050|
|Yearly energy savings from Homes per household||$61||$245|
|Yearly energy savings from Transportation per household||$522||$748|
“The research clearly shows that going 100 per cent renewable isn’t just good for the environment and the economy, but also people’s pocketbooks,” says Mayor Gregor Robertson. “By boosting the amount of renewable energy available in Vancouver and focusing on clean, active transportation, the City is making it easier for people to make choices about where they get their energy, affordably.”
Under the umbrella of the Greenest City Action Plan, in 2015 the City of Vancouver adopted the Renewable City Strategy-a 30-year plan to transition to 100 per cent renewable energy and reduce carbon pollution by at least 80 per cent before 2050. The strategy focuses first and foremost on improving energy efficiency (so we use less energy to begin with) and then transitioning to renewable energy in the two sectors that produce the majority of carbon pollution in Vancouver: buildings and transportation.
The City will support alternative energy solutions that make the most sense for residents and businesses and will work with partners to deliver those solutions. For example, the City has been clear that until viable and affordable alternatives are available, residents and businesses can continue to use natural gas, including for cooking and barbequing. On the transportation side, the City continues to promote and support mode shifting so more people walk, bike or take transit, and is also taking steps to support those making the shift to electric vehicles.
Learn more about the Renewable City Strategy this Climate Week by visiting Vancouver.ca/renewablecity. Staff are also available to meet with residents and businesses. Get a group of 10 or more people together and request a 100 renewable energy talk at Vancouver.ca/100retalks.