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The Winding Road to Net-Zero

Sponsored by: Grant Thornton

  • 15 November 2021
  • Author: Sari Maritzer
  • Number of views: 116
  • 0 Comments
The Winding Road to Net-Zero

Canada has declared the bold goal of being net-zero by 2050, with some significant milestones set for 2030. But when you look beyond the tagline, what does that really mean?  If we’re going to be successful in reducing our carbon footprint, it’s going to require the support of a power grid that’s largely carbon neutral. Canada has one of the cleanest electricity grids in the world[1] but there are areas across the country where the local power sources available to ratepayers is still tied to thermal generation.

Nova Scotia Power’s CEO recently shared some great insights on The Flux Capacitor[2] podcast. that made me reflect on how electrification is a means to reduce transportation emissions—but only with green energy sources such as wind, solar and hydro.  This is more challenging than others and any pressured timelines can place challenges on reliability and rate stability.

Harmonizing system reliability, rate stability and affordability in the context of achieving long-term environmental sustainability is a momentous challenge. Adding in a pressured timeline can make it feel overwhelming. But the pandemic has taught us that we are resilient and innovative and when we work together amazing things are possible. 
 

Author: Angie Brown
Director, Grant Thornton LLP (Canada)
+1 709 778 8841
Angie.Brown@ca.gt.com

 

 

[1] We can’t keep dodging the iceberg: Getting moving on net zero by Michael Powell (VP Government Relations, Canadian Electricity Association)

[1] The Flux Capacitor with Francis Bradley Episode 046: Nova Scotia’s Peter Gregg and the decarbonization puzzle

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