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Canada 2022
…a series of enterprising international and domestic commitments to put the country on a path towards transforming its energy system, including a target to cut greenhouse gas emissions by 40‑45% by 2030 from 2005 levels and to reach net zero emissions by 2050. Canada’s energy transformation presents both challenges and opportunities given its profile as a major producer, consumer and exporter of energy, and its highly decentralised government system. The sizeable weight of fossil fuel production in employment and economic output means strong attention should be placed on ensuring a people-centred approach to Canada’s clean energy transition…
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Canada Oil Security Policy
Country Energy Security Policy - Oil Oil overview Canada’s oil emergency response policy reflects its role as a major net exporter of oil. As such, Canada does not have an IEA stockholding obligation, does not hold any public emergency oil stocks, nor does it impose stockholding obligations on industry. With a robust oil industry and supply infrastructure, Canada’s emergency policy relies primarily on a well-functioning market to ensure supply security, while at the same time reflecting the jurisdictional authority of provinces and territories over energy resources. In an IEA collective action, Canada would likely contribute with demand restraint…
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Canada Electricity Security Policy
Country Energy Security Policy - Electricity Electricity overview and generation portfolio Most of Canada’s electricity systems are part of the integrated North American market, with 98% of Canadians connected to the continent’s bulk power system. Electricity is regularly traded in both directions between Canada and the United States (‘US’ hereafter) (with Canada a net exporter to the US overall). This robust interconnectivity with 37 north-south cross-border transmission lines adds to the east-west tie lines across provincial borders, and allows for a high degree of reliability and resilience to seasonal or unplanned changes in supply and demand…
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Canada Natural Gas Security Policy
Country Energy Security Policy - Natural Gas Natural gas overview Canada’s policy for emergency gas response, similar to that for oil, reflects its role as a major producer and net exporter, with vast volumes of gas supplies in a well-integrated market with extensive pipeline networks both within Canada and across the border with the United States. In this context, Canada’s gas emergency policy is generally geared towards short-term regional or local disruptions rather than a more widespread or long-lasting supply outage. The gas industry itself has the primary responsibility for ensuring security of supply and responding…