Overview

This study explores the integration of blockchain technology into the Canada Greener Homes Grant (CGHG) program to enhance its operational and economic efficiency. Using a mixed-methods approach, it compares two scenarios - the current operational framework (baseline) and a blockchain-enhanced scenario from 2021 to 2031 to inform Canada’s efforts to achieve its sustainability goals. The scenarios are built from projections that facilitate a comparative analysis of key variables, including funds disbursed, household participation, energy bill savings, pollution savings, and administrative time and expenditure. Cost-benefit and effectiveness analyses are employed to assess the economic impacts of blockchain integration into the CGHG. Preliminary findings suggest that using blockchain technology could significantly reduce administrative and financial friction and improve the overall operational and economic efficiency of the CGHG program. Recommendations for Natural Resources Canada detail how blockchain technology could be further examined to advance sustainability and economic efficiency in future green incentive programs.

Timeline

This study employs a mixed-methods approach to explore and assess the operational and economic efficiency of the CGHG program administered by NRCan through the integration of blockchain technology. Mixed-methods research is selected for this study as it combines quantitative and qualitative research techniques and approaches, providing a comprehensive analysis by integrating numerical data with contextual insights.

Methodology

Visualization of Results

Figure 1. Canada Greener Homes Grant Funds Disbursed, Baseline vs Blockchain.

Figure 9. Administrative Expenditure per Household, Baseline vs Blockchain.

Figure 3. Canada Greener Homes Grant, Heatmap of Funds Disbursed.

Research Implications

Integrating blockchain technology can significantly reduce operational and economic inefficiencies. By automating key processes such as application approval, grant estimation and confirmation, and grant disbursement, certain steps within the CGHG process can be streamlined from several weeks to just a few minutes. Although these steps are complex, blockchain technology ensures they remain secure and robust, enabling homeowners to receive relevant information and benefits more quickly, likely resulting in higher levels of participant satisfaction.

The implications of this integration extend beyond the program itself. On a macroeconomic scale, the adoption of blockchain technology aligns with Canada's 2030 85 sustainable development goals, fostering a low-carbon economy and stimulating the environmental and clean technology market. This transition can drive innovation, create job opportunities, and support economic growth, contributing to broader national and international climate commitments. These implications should be at the forefront of future academic research.

Applied Skills

• Cost - Benefit Analysis

• Cost -Effective Analysis

• Scenario-Based Modelling

• Digital Transformation Strategy

• Data Visualization

• Policy Development