Electrifying Medium- and Heavy-Duty Fleets
In corporate boardrooms and the corridors of political power in Canada and worldwide, business and political leaders are stepping up to act on climate change. While multiple technologies and approaches will be necessary, clean electrification—substituting fossil fuels with renewables and other forms of clean electricity—has consistently been the most affordable, reliable, and efficient path forward to net-zero by 2050.
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The Canadian industrial sector uses electricity to power more than 25% of its energy needs. It must ramp this up to 41% by 2050 while simultaneously reducing its total energy consumption.
Scaling Up Clean Electricity
We need to leverage Canada's clean and renewable resources and expertise to deploy significant power generation capacity over the coming decades. After many years of next to no growth in demand, the electricity sector now needs to accommodate at least a doubling of current electricity consumption by 2050.
Canada’s Electrification Advantage in the Race to Net-Zero
Our research identifies targeted opportunities to accelerate the electrification of Canadian businesses, as well as the key barriers inhibiting the pace and scale of progress needed to get on a trajectory to net-zero.
Canada, a giant oil producer, urges others to end fossil fuel subsidies
Canada is pushing the United States and other major economies to follow through on pledges to phase out "inefficient" fossil fuel subsidies, which have soared despite the growing threat of climate change. Such subsidies hit records last year, according to several watchdog groups, including one that estimated that major world economies—members of the G-20 cooperation forum—surpassed $1 trillion in subsidies for the first time in 2022. That’s a fourfold increase over subsidy levels in 2010, the year after G-20 nations agreed to phase out support for fossil fuels.