A Canadian government think tank is calling for the country to make a seismic shift away from its economic dependence on oil production or risk being left behind as the world moves rapidly away from fossil fuel use.
The draft report, by Policy Horizons Canada, is an unusually frank assessment by a government agency on the uncertain future of fossil fuels, especially considering the large role that oil plays in Canada’s economy. The report is titled “Canada in a Changing Energy Global Energy Landscape,” and says that Canada should begin to adjust its energy priorities to prepare for the significant changes in the energy landscape expected to occur within the next 10-15 years.
The powerful drivers pushing Canada in this direction are the falling costs of renewable energy, led by wind and solar; the increasing proportion of electricity in global energy use; and the pressures on countries to grow their economies while slashing greenhouse gas emissions and dangerous air pollution.
“In combination, these drivers could lead to renewable-sourced electricity replacing fossil fuels as the dominant form of primary energy used in the global economy for most industrial, commercial and personal activity,” the report said.