Courtesy of Pembina Institute
Canada set the stage for a constructive UN Climate Change Conference (COP26) in Glasgow, the International Energy Agency released its World Energy Outlook 2021 report highlighting four key measures countries must take to close the gap between the amount of emissions that will be reduced under current plans and the amount of emissions that need be reduced to achieve the goal of net-zero emissions by 2050, also referred to as the “emissions gap.”
According to the IEA report, ” accelerating the de-carbonization of the electricity mix is the single most important lever available (…) and it closes more than one-third of the emissions gap. ” The Liberals have committed to achieving a net-zero electricity grid by 2035. At COP26, and as a founding member of the Powering Past Coal Alliance, Canada has an opportunity to demonstrate leadership.
The federal government’s commitment to phasing out coal by 2030 is an essential part of transitioning to the promised clean energy grid. Critically, the source of energy that provinces will use to replace coal-fired generation will shape the electricity sector for decades to come. It will also be a central pillar in de-carbonizing transportation, buildings (by making them more energy efficient), and industry provided that the alternatives to coal are non-emitting.