Canada & Global Energy DEMAND
Every action requires energy
In Canada, we often take access to reliable, affordable, and secure energy for granted. We don’t think twice when we open our fridge, turn on the oven, or order takeout. But it all takes energy.
Canada is fortunate to have one of the world’s cleanest electricity grids. Hydropower generates more than 60 per cent of our electricity. The remainder is produced from a variety of sources: natural gas, oil, nuclear, solar, wind, coal, biomass, and petroleum.
Globally, the primary sources of energy are oil, natural gas, and coal. Despite significant growth in the use of renewables, we will still need affordable, secure, responsibly produced natural gas and oil until at least 2050.
Canada is fortunate to have one of the world’s cleanest electricity grids. Hydropower generates more than 60 per cent of our electricity. The remainder is produced from a variety of sources: natural gas, oil, nuclear, solar, wind, coal, biomass, and petroleum.
Globally, the primary sources of energy are oil, natural gas, and coal. Despite significant growth in the use of renewables, we will still need affordable, secure, responsibly produced natural gas and oil until at least 2050.
“Canada has one of the cleanest electricity profiles among IEA countries, with a large share of renewables (especially hydro) and nuclear power.”
– International Energy Agency
– International Energy Agency
Global Energy Supply (EJ)
2020 vs 2050
Canada’s Natural Advantage
Because we have vast reserves of natural gas, oil, timber, and minerals, in addition to a massive agricultural industry, the majority of what Canada grows and develops is exported to countries who need what we have.
These exports drive Canadian productivity, fuel our economy, and generate revenue the government uses to fund the social programs that make Canada the envy of the world.
These exports drive Canadian productivity, fuel our economy, and generate revenue the government uses to fund the social programs that make Canada the envy of the world.
What is Labour Productivity?
Productivity is the single most important factor that determines a country’s per capita income over the longer term. It measures the extent to which labour is efficiently used. An increase in labour productivity increases real incomes and the standard of living for a country.
“Productivity isn’t everything, but in the long run, it’s almost everything.”
– Paul Krugman, Nobel Prize Winning Economist
– Paul Krugman, Nobel Prize Winning Economist
Canadian Energy Affordability
The world is grappling with an historic energy crisis which is hurtling us into a global recession. The United Kingdom and many European countries are spending billions to subsidize domestic energy prices to keep people in the dark and businesses open. In Germany, a natural gas shortage is hurting companies from Volkswagen to toilet paper manufacturers, putting tens of thousands of jobs at risk.
In Canada, we have been largely protected from these volatile energy spikes because of our vast energy resources. But many other countries are suffering. Canada can provide the affordable, secure resources our allies need to keep their people warm and economies running.
