Bill 150 2009 a bill to enact the Green Energy and Green Economy Act, 2009 and to build a green economy, was tabled at the Legislative Assembly of Ontario on February 23, 2009. It is estimated that the bill would result in 50,000 jobs.
According to a new report Building the Green Economy released by WWF-Canada, Blue Green Canada and the Green Energy Act Alliance, the bill *could* result in the creation of up to 90,000 jobs through investments in green energy and upgrades to the power grid. This significantly exceeds the estimated 50,000 new jobs estimated by the Government of Ontario, but requires a higher level of green energy investment.
The report, led by Professor Robert Pollin, co-director of the Political Economy Research Institute at the University of Massachusetts-Amherst, assesses the job creation potential of two investment scenarios, one similar to European countries that have laws like Bill 150, and a second based on the green energy investments proposed by the Ontario Power Authority’s plan for rebuilding the province’s electricity system.
Baseline Integrated Power System Plan (IPSP):
$18.6 billion green investment spending program over 10 years
Includes six green investment areas;
- Conservation and demand management
- Hydroelectric power
- On-Shore Wind
- Bioenergy
- Waste energy recycling
- Solar Power.
Expanded Green Energy Act Alliance (GEAA) Program
$47.1 billion green investment spending program over 10 years
Includes two additional green investment areas in addition to six in IPSP,
- Off-Shore Wind
- Smart grid electrical transmission system.
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