Employment Impacts of Canada’s Emission Reduction Plan
This research examines the effect of the federal government’s Emission Reduction Plan (ERP) on Canada’s labour market, using Signal49 Research’s Long-Term Forecasting Model and the Model of Occupations, Skills, and Technology to evaluate industry impacts and transitions as well as inefficiencies and supply and demand forces related to employment.
What are the projected consequences of the ERP for Canada’s long-term overall growth and for the labour market specifically? In the move toward a net-zero economy, will the necessary redirection of capital to emissions reduction be a significant drag on productive capacity, particularly in fossil fuel production and other extractive industries? How will job levels fare within the support businesses for these areas, and what are the implications for industry mix, consumer prices, immigration policy, and retraining efforts?
Read the issue briefing to get our full analysis.
Key findings
The bumpy road to net zero
Most industries will see negative impacts
Power generation is the main beneficiary
Occupational impacts track broader industry impacts
Actionable insights
Appendix A: Detailed results
Appendix B: Methodology
Appendix C:Bibliography
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