Ivey Foundation’s Post

"Developing a tailored approach to energy in the North." These are big words included in the Clean Electricity Strategy that Canada released earlier this week. I believe this is first time the federal government acknowledges Canada's North should neither be given a free pass nor be treated the same as its Southern counterparts when it comes to energy issues. May this approach be used to develop policy and programs in years and decades to come. And that's quite a way to end 2024! https://lnkd.in/gx9uwkex

Those of us involved in electricity regulation in Canada have been waiting with bated breath for yesterday's release of the Canada Electricity Advisory Council's final report. It is an interesting document and worth a read. As expected, the report emphasizes the need to attract capital and discusses tools such as federal tax credits and loan guarantees. But the report also places a significant emphasis on the need for predictable policy and approval processes. Regulatory frameworks matter. https://lnkd.in/gbm-hUJC

⚡ Powering Canada - Canada Electricity Advisory Council: Final report ⚡ Four cornerstones of success to accelerate transition to clean electricity - Read more 👇 Speed: Canada needs to rapidly expand its clean electricity infrastructure. Affordability: The transition must be affordable and cost-competitive. Reliability: Ensuring the reliability of Canada’s electricity systems is vital during this accelerated transition. Indigenous Participation: Much of Canada’s new electricity infrastructure will be built on Indigenous lands.

On decarbonizing and scaling Canada's electricity system Philippe Dunsky nails it: “It’s such a transformative thing that if we don’t do it seriously and pragmatically, we’re going to lose to someone else who does.” https://lnkd.in/gdnJme8G The entire Canada Electricity Advisory Council report is worth a read, but if you really want to get into the "how" of energy planning (roadmaps, pathways assessments, regulatory and governance reforms) then you'll want to spend some time in Appendix A (niche & nerdy). You can find the full report here: https://lnkd.in/gTt8UkSV

Today, the Canada Electricity Advisory Council released their final report on how to decarbonize the electricity sector, while meeting growing demand, to enable smart grids, and increase inter-provincial integration. I was interested to see a recommendation that the federal government develop equivalency agreements for the permitting of net-zero electricity projects where federal statutes and regulations duplicate provincial mechanisms. ITC: a recommendation that the federal government implement the clean-energy-related investment tax credits as soon as possible, to attract investment and align with net-zero and carbon-neutral objectives and including recommendations to expand eligibility.

Canada Electricity Advisory Council: Final report "Electrification’s dual challenge of decarbonization and growth requires governments, utilities, and developers to act faster than ever before. Current forecasts show that more than 10 gigawatts (GW) of new, emissions-free electricity will need to be added to Canadian power systems every single year from now until 2050. "This means that electricity generation capacity must grow at least 3 times as fast as it has in recent decades. "Yet projects are increasingly ensnared in procedural delays. Canada ranks second worst among the 38 Organisation for Economic Co-operation and Development (OECD) countries for the pace of permitting. If not tackled head-on, the resulting lack of new clean power risks becoming a significant bottleneck for Canada’s economy, the reliability of its electricity grids, and the achievement of its climate goals." #energy #netzero #energytransition https://lnkd.in/grHS2qxF

Lots to digest here - including a big section on Demand Side Management (DSM), which will play an increasing role in managing the affordability and reliability of electricity grids into the future. One of the biggest opportunities we see for demand management is for provinces to ensure all cost-effective DSM is pursued through their utility systems (included at the end of Recommendation 25). If we ramped up DSM efforts to the level seen in leading U.S. jurisdictions, it would add billions of investment each year and more than pay for itself! Thanks for all your hard work in putting this together Philippe Dunsky and Pete Bothwell.

A huge step forward for #electricity and #energy policy in Canada. ⚡ Today, the Canada Electricity Advisory Council released their final 28 recommendations to tackle the dual challenge of the country's #netzero goals in the electricity sector and to inform future Government policy initiatives. What is the Council? It is an independent body of 19 electricity sector leaders from every region in Canada. The Minister of Natural Resources convened the Council in May 2023 to advise on policies to enable the electricity sector to play its pivotal role in Canada’s transition to net-zero. Read the report below ⬇️

The Canada Electricity Advisory Council report outlining action necessary to advance Canada’s clean electricity is out. Just a few of the members of the Advisory Council are Emily Whetung MacInnes; Madeleine Redfern and Greg Robart, P.Eng. so that should give you a sense of the quality of the report. Now, it's time to act decisively on climate change. Let's unite, collaborate, and champion change together.