Canadians need to start addressing the transformative potential of the energy transition, a potential with benefits that go beyond the sole impact on the energy sector. This Canadian Energy Outlook aims at initiating positive discussions on this transition and help identifying the pathway we want to take for this crucial journey.
With the competitive exploitation of non-conventional fossil fuels, the efforts for diversifying energy markets, the rapid cost reduction of intermittent renewable energy sources, the growing opposition to the construction of new energy transport infrastructures and worldwide efforts to reduce greenhouse gas (GHG) emissions – produced in Canada at more than 80% by the energy sector – energy issues have never been more important than today.
While this Canadian Energy Outlook shows that the GHG reduction targets are attainable, neither the provinces nor the federal government are on track to deliver them. Many countries are addressing the issue much more significantly than Canada; not only are they gaining economic advantages for both today and tomorrows’ economy, but they are also decreasing the need for costly reengineering in the decades to come.
Canadians need to move beyond discussions on carbon pricing and pipelines, and start addressing the transformative potential of the energy transition, a potential with benefits that go beyond the sole impact on the energy sector.
This study, done in collaboration with e3Hub – HEC Montreal, was made possible with the financial support of the Trottier Family Foundation.