The next Ontario government should take the lead in encouraging urgent expansion of interprovincial electricity transmission while ensuring it advances a transition to a clean economy, a new report by the Pembina Institute said Wednesday.
Reducing interprovincial barriers could open up new markets for Ontario’s electricity that are insulated from ongoing trade uncertainty with the United States, the report said.
Ontario and the rest of Canada face a “new economic reality” highlighted by the threat of a prolonged trade dispute with the U.S., said the report published by the clean energy think tank. Yet, regardless of how those threats materialize, the report suggests a “major economic realignment” has started and Ontario must find a new path to ensure its economy is insulated against future shocks.
“The takeaway for Ontario is clear: developing a clean energy economy has the potential to make Ontarians’ lives more affordable and their homes and cities …