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Study shows renewable natural gas holds economic potential for Québec

Study shows renewable natural gas holds economic potential for Québec

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1717, du Havre
Montréal, QC
CA, H2K 2X3

Website:
energir.com

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A new study has shown that in addition to propelling Québec's energy transition forward, renewable natural gas (RNG) production is a major driver for economic development in all regions of Québec. Those were the conclusions of a study conducted by Aviseo Consulting to evaluate the economic, tax and foundational impacts of RNG production for communities. 

The impacts identified were based on the results of a study published in November 2018 showing that by 2030, Québec has the technical and economic potential1 to produce enough RNG to replace two thirds of the natural gas currently distributed in Québec with natural gas from renewable sources.

"We were already aware of RNG's benefits for the environment and Québec's potential for producing RNG. Thanks to this study, we now know to what extent RNG could be profitable for all regions of Québec," said Sophie Brochu, President and Chief Executive Officer of Énergir. "The study confirms that Québec has everything it needs to build a RNG industry that creates quality jobs in Québec's regions. Énergir is very proud to be playing a role in its development in cooperation with engaged, visionary partners." 

Study highlights

  • The construction phase for RNG production centres would entail nearly $20 billion in investments, contribute approximately $8 billion to Québec's GDP, support more than 88,000 jobs and allow the Québec and federal governments to earn $1.3 billion in income taxes and other taxes.
  • After reaching its full potential, RNG production would contribute about $1.6 billion to Québec's GDP each year, support 15,000 direct and indirect jobs and generate $256 million in annual tax revenues for the Québec and federal governments.
  • Québec's regions would benefit greatly because over 70% of the GDP supported by RNG production would be generated in the regions where the production facilities would be located.
  • In the municipal, agricultural and forestry sectors, RNG production would help to diversify revenue sources.
  • RNG production contributes to Québec's circular economy by turning organic waste into locally produced renewable energy while reducing our reliance on imported energy. In addition, the digestate originating from RNG production is an odour-free fertilizer that can be reused for agricultural purposes.

"Aviseo is pleased to have conducted this study that lays the foundation for an important discussion about Québec's energy future. The numbers are clear: RNG production could be a strong economic driver for Québec and its impact would extend into the regions and municipalities and across industries," said Benoit Longchamps, Senior Manager, Aviseo.


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