As a small business in Nanaimo, we might not be thinking about BC’s long term goals or political/economical legislature. However, to be successful and forward thinking, we must consider the economic changes throughout BC and even the world. We saw this change directly when the US put extra tariffs on Canadian steel. This tariff didn’t just affect the 30,000 people who rely on the steel industry in Hamilton Ontario, as per Katie Dangerfield. This tariff also caused the manufactures of hot water tanks to increase their cost to our wholesalers, who in turn charged us more for buying the tanks. This was shown in an increased cost for you, the consumer.
In this blog, I’ll be outlying the potential benefits of BC’s new climate action plan, and what it means for us at Norms and other local businesses.
BC’s premier John Horgan outlines the main goal of the new plan in the following statement:
“The low-carbon economy we build together will bring opportunities and jobs throughout the province[.] By moving to clean, renewable energy — like our abundant supply of BC electricity — we can power our growing economy and make life better and more affordable for British Columbians.”
Within this plan are several defined goals in which Horgan would like BC to accomplish. These goals are as followed:
- “The requirement that every new car sold in BC will be a zero-emission vehicle by 2040.
- Speeding up the switch to cleaner fuels at the gas pump – with further reductions to the carbon intensity of transportation fuels: 4.0 Mt of carbon pollution reduced by 2030
- Every new building constructed in the province will be “net-zero energy ready” by 2032.
- Helping BC to reduce residential and industrial organic waste, turning it into a clean resource: 0.7 Mt of carbon pollution reduced by 2030
- Helping industry lower its emissions and reduce its pollution: 8.4 Mt of carbon pollution reduced by 2030.” (John Horgan, 2018)
To assist with the implementation of this strategy, BC needs labour. Not just any labour though, we need skilled labour. By encouraging skilled labour training and an abundant of workplace opportunities for this skilled labour, John Horgan’s plan is to increase our economical strength.
So what does all this mean for a plumbing and heating company in Nanaimo. First, it shows speculation as to where the home services industry is going. In the past ten years we witnessed a change in efficient products. Now, every furnace sold is a high efficient furnace. Consumers are demanding more efficiency and energy saving products, and their willing to pay for it. If a company didn’t invest in training and hiring good employees, they didn’t last or barely made it.
Our speculation is that solar panels will be on every home. In the Netherlands, solar panels cover the homes and supply electricity for home heating and water heating to supplement the natural gas. Could BC be following what the Netherlands is doing? If so, I suggest consumers start saving for it now and prepare your home for changes that will arise.
So will you see Norms’ employees at solar panel training sessions? You just might! You might also see us driving electric service vans too in 10 years. These changes in my opinion are forward thinking and greatly beneficial for everyone. More jobs, less waste, stronger workforce, and a province who will be imitating the Netherlands, who is a leader in energy savings and a powerful workforce.
Plumbing and HVAC companies around the province may opt in to hiring the skilled workforce to install these solar panels, or they may choose to stay out of the game and not invest in the extra labour. Either way, forecasting the potential benefits is worth your while, because change is in our horizon.