|November 15, 2007|
Canada's Energy Future
|Calgary, Canada (GLOBE-Net) - Canadians will have choices to make concerning how they use energy but energy supply is not in question says a report from the National Energy Board released today. |
Canada's Energy Future looks at energy supply and demand from a Reference Case and three scenario perspectives between and 2030. Across all scenarios, energy demand continues to increase but there will be enough supply to meet the growing need.
"Canadians will face a different energy environment in the next 25 years than in previous years,"says NEB Chair Gaétan Caron. "Fortunately, Canada has the gift of abundant natural resources and Canadians have the opportunity to make important choices and shape our energy future."
While the report says that emerging technologies and alternative energy sources are growing fast, they continue to fulfill a small portion of the total energy demand requirements. For example, emerging and alternative energy, such as wind, solar, geothermal and biofuels (biomass, ethanol and biodiesel) in the "greenest" scenario account for 10 per cent of the total energy demand in Canada in 2030. Conventional energy will continue to be the number one fuel source for Canadians.
"Decisions taken today by every Canadian will over time go a long way towards creating a sustainable future," says Caron.
Other highlights of the report include:
While the report focuses on trends in energy supply and demand, it does not offer specific policy direction as to what programs or actions would be required to meet certain objectives. It notes it is up to the energy industry and policy-makers to determine the desired outcome and the tools required to get us there.
The report examines different possible energy futures that may unfold for Canadians up to the year 2030. This includes a baseline projection, called the Reference Case, which is the Board's view of the most likely outcome up to the year 2015. Three different scenarios, each with its own internally consistent set of assumptions, such as economic growth, action on environmental issues and energy prices, are then used to examine Canada's energy future to 2030. These include:
Continuing Trends Scenario: Trends that are apparent at the beginning of the outlook period are maintained throughout the entire forecast and extend the Reference Case over the long-term.
Triple E Scenario: A balancing of economic, environmental and energy objectives means this scenario has well-functioning energy markets, cooperative international agreements and the most rigorous energy demand management policies of the three scenarios.
Fortified Islands Scenario: Security concerns dominate this scenario with geopolitical unrest, a lack of international cooperation and trust, and protectionist government policies. The main findings of this report are:
Canada's Energy Future carries on a long tradition dating back to 1967 of the NEB providing Canadians with information on the future of energy in Canada. The last NEB report focusing on the issues was released in the summer of 2003.
The NEB is an independent federal agency that regulates parts of Canada's energy industry. As part of its mandate the NEB monitors the supply of all energy commodities in Canada and publishes a range of reports on energy.