Canada 2022 – Analysis – IEA News & More

The International Energy Agency (IEA) repeatedly conducts in-depth peer evaluations of the power insurance policies of its member international locations. This course of helps power coverage growth and encourages the change of worldwide greatest practices and experiences.

Since the final IEA assessment in 2015, Canada has made a collection of enterprising worldwide and home commitments to place the nation on a path in the direction of reworking its power system, together with a goal to chop greenhouse gasoline emissions by 40‑45% by 2030 from 2005 ranges and to achieve web zero emissions by 2050.

Canada’s power transformation presents each challenges and alternatives given its profile as a serious producer, shopper and exporter of power, and its extremely decentralised authorities system. The sizeable weight of fossil gas manufacturing in employment and financial output means sturdy consideration must be positioned on making certain a individuals-centred strategy to Canada’s clear power transition.

Canada has quite a few coverage measures in place, together with an formidable carbon pricing scheme, clear gas rules, a dedication to section out unabated coal use by 2030, nuclear plant extensions, upstream methane rules, power effectivity programmes, and measures to decarbonise the transport sector.

In this report, the IEA supplies power coverage suggestions to assist Canada successfully handle the transformation of its power sector in keeping with its objectives. 

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