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A Trillion-Dollar Journey to Clean Energy?
Canada has committed to a net-zero electricity grid by 2035. This compares to starting on a road trip so long, it would be like driving to the moon and back, twice! It’s a mammoth task, loaded with challenges and a price tag that may make your jaw drop.
Picture this. The demand for electricity in Canada is set to double by 2050. That’s like filling up two Olympic-sized swimming pools when being used to filling one. To meet this wave of demand, supply must be boosted by two to three times.
And then comes the kicker. This massive power surge comes with a staggering price tag — over $1 trillion. Yes — that’s one TRILLION.
I challenge anyone to clearly imagine a trillion dollars. It is an astronomical sum, easily referred to and seldom understood. So let’s delve into its sheer magnitude through a few compelling comparisons.
With a trillion dollars, you could purchase around 100,000 luxurious mansions worth $10 million each, or provide every household in a city the size of Los Angeles with a $300,000 home. It surpasses the…