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 to initiate positive discussions on this transition and help identify the pathway for this crucial journey.
Energy issues have never been more important than they are today. Some of the pressing issues include the competitive exploitation of non-conventional fossil fuels; the efforts to diversify 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, over 80 per cent of which is produced by the energy sector in Canada.
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 GHG reduction much more effectively than Canada; not only are they gaining economic advantages for the economy of both today and tomorrow, but they are also decreasing the need for costly reengineering in the decades to come.
This study, done in collaboration with e3Hub – HEC Montreal, was made possible with the financial support of the Trottier Family Foundation.