Economic Benefit Analysis

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Economic Benefits
Introducing a large-scale tidal power project in the Bay of Fundy region would create employment opportunities, increase GDP and tax revenue and may decrease health care expenditures.
Employment
22 000 full-time equivalent jobs are expected to arise from a large tidal power project. The planning, construction and maintenance of the turbines would require many employees during both the construction and operation and maintenance phases. The majority of these jobs would be in rural areas of Nova Scotia where unemployment rates are general higher and income low. Direct labour would provide $815 million in income, average $32.6 million annually and $1.1 billion in spinoff impacts for the region (Gardner Pinfold Consultants Inc.,
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8). A 2011 study from the Center for Health and the Global Environment at Harvard Medical School estimated that Nitrogen Oxide and Sulphur Oxide emissions are responsible for 24 000 deaths annually in the United States, 2 800 from lung cancer (Abreu, 2013, p. 22). The health care cost of these lives is $187.5 billion per year. Applying these numbers proportionately to Nova Scotia, there would be 75 deaths annually, costing $588 million. Nova Scotia has the highest cancer rates in Canada, with lung cancer being the most common type (Abreu, 2013, p. 22). Additionally, Nova Scotia power plants rank amongst the highest polluting in Canada (Province of Nova Scotia, 2013, p. 22). By reducing the amount of coal burned, and consequently the amount of Nitrogen Oxide and Sulphur Oxide emitted into the air, Nova Scotians’ health would improve. Nova Scotia has an aging population with correspondingly rising health care costs, so mitigating the causes of cancer would significantly reduce costs for the Nova Scotia health care …show more content…
There is a wide range of estimates of how much power could be sustainably harnessed from the Bay of Fundy, which has direct implications on how tidal power can help Nova Scotia meet its clean energy targets. A lack of reliable evidence makes it difficult to determine the environmental ramifications of tidal power. Another limitation is the sources used to analyze the government’s stance on renewable energy. All the documents used were public documents that likely had motives other than purely disclosing the

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