Political challenges aside, Canada is working hard to meet its “net-zero by 2050” requirement.
As a country, Canada has prospered for more than 150 years, with one of the most diverse geographies and economies in the world. But now, with a population of more than 41 million, it is a nation that will need electricity — and lots of it — to help keep that prosperity going.
Adding to that energy challenge is Canada’s robust declaration to become carbon net-zero by 2050. It sounds like plenty of time, until you do the math — 25 years to go, and the clock is ticking.
“The federal government and many provinces have electrification goals,” said Fernando Melo, Senior Director, Federal Policy and Government Affairs with the Canadian Renewable Energy Association (CanREA). “And we have net-zero economy legislation: We are required to become net zero by 2050 — no ifs, ands, or buts. We also have a clean electricity regulation that, while very contested and undergoing some review, also requires serious investments in renewables.” Read more here.