A new report found that Canada may not be prepared to make for a smooth transition to clean energy as demand for oil and gas is on the decline; possibly affecting several communities and thousands of jobs.
As the clean energy sector grows on a global scale, there's also growing concern for Canadian communities and workers dependent on the oil and gas sector as a new report says federal and provincial governments may be "ill-prepared' for a smooth transition.a report published on Tuesday
“As economies decarbonize, the risks and economic costs associated with Canada’s continued reliance on fossil fuels will intensify as time goes on. These risks and costs must be factored into policy and business decisions and signalled to investors," Nichole Dusyk, senior policy advisor of the IISD said in a news release.
As for gas, the report says the natural gas market has become increasingly unstable because of high gas prices and the shift to other renewable options. Since the U.S. is one of the main buyers of Canadian oil and gas, the report says thewill speed up the transition to clean energy and significantly impact Canadian producers.
Despite this, and other federal initiatives aimed to support oil and gas decarbonization, the report says federal and provincial governments need to focus on four key actions to efficiently transition the country and meet net-zero climate goals.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
O Canada: 10 events to celebrate Canada Day around Metro VancouverHere\u0027s a roundup of where to celebrate Canada Day in your community
Lire la suite »
CANADA: Reconciliation sparks a reckoning for Canada Day fireworks displaysPyrotechnics are also under pressure on other fronts, as the few minutes of awe they inspire are weighed against their cost, the terror they cause some animals, traffic and overcrowding woes
Lire la suite »
CANADA: Reconciliation sparks a reckoning for Canada Day fireworks displaysPyrotechnics are also under pressure on other fronts, as the few minutes of awe they inspire are weighed against their cost, the terror they cause some animals, traffic and overcrowding woes
Lire la suite »
Bose home theatre speakers recalled due to fire hazardHealth Canada estimates 98,000 units of the affected product were sold in Canada
Lire la suite »
'Canada is the envy of the world': Prime MinisterCanada Day is a time to celebrate (and to read Canada Day statements from politicians)
Lire la suite »