Hydropower and the economy - Supporting 135,000 jobs and contributing $37 billion to Canada's GDP

May 14, 2015, 10:00 ET from Canadian Hydropower Association

OTTAWA, May 14, 2015 /CNW/ - The Canadian Hydropower Association (CHA) is releasing an important report today at its 2015 Forum on Hydropower. This report captures and reflects the hydropower industry's most recently available contributions to the Canadian economy.

Canada's hydropower industry generates over 60 percent of Canada's electricity.  This provides Canadian households and businesses with a clean, reliable and renewable source of electric power. In addition to the environmental and social benefits associated with hydropower, the industry also generates substantial ongoing contributions to economic activity in the form of Gross Domestic Product (GDP) and employment.  Our economic study, Hydropower and the Canadian Economy: Jobs and investment in Canada's largest electricity source demonstrates and quantifies these contributions in terms of investments and jobs.

In 2013, the combined direct, indirect and induced economic benefits related to the investments in hydroelectricity infrastructure and the production of hydroelectricity contributed $37 billion to Canada's GDP and supported 135,000 jobs.

About the Canadian Hydropower Association

Founded in 1998, the CHA is the national association dedicated to representing the interests of the hydropower industry. Its principal mandate is to promote hydropower nationally and internationally as a source of renewable energy, to make the economic and environmental advantages of hydropower better known, and to publicize the benefits of hydropower in the search for sustainable energy solutions. CHA members represent more than 95% of the hydropower capacity in Canada.

For more information: www.canadahydro.ca 

 

SOURCE Canadian Hydropower Association