Quebec Must Speed Up Energy Transition, Says Economic Barometer
According to the latest economic barometer, Quebec is facing a pressing need to accelerate its energy transition. The report, released by the Quebec Employers Council (QEC), highlights the urgency for the province to shift towards cleaner and more sustainable energy sources.
The QEC, which represents over 70,000 businesses in Quebec, states that the province’s current energy mix is not aligned with its climate goals. Quebec has committed to reducing its greenhouse gas emissions by 37.5% by 2030, and the QEC believes that a faster transition to renewable energy is necessary to achieve this target.
The report also points out that Quebec’s reliance on hydroelectricity, which accounts for over 99% of its electricity production, is not enough to meet the growing demand for energy. With the province’s population and economy continuously expanding, there is a need for diversification in the energy sector.
The QEC suggests that Quebec should invest in other renewable energy sources such as wind, solar, and biomass. These sources have the potential to not only reduce greenhouse gas emissions but also create new job opportunities and boost the economy.
Furthermore, the report emphasizes the importance of energy efficiency measures in reducing energy consumption and costs. Quebec has made significant progress in this area, but there is still room for improvement, especially in the industrial and transportation sectors.
The QEC also calls for a more coordinated and strategic approach to energy transition, involving all levels of government, businesses, and citizens. This will require clear and consistent policies, as well as investments in research and development to support the transition.
In response to the report, Quebec’s Minister of Energy and Natural Resources, Jonatan Julien, stated that the government is committed to accelerating the energy transition and is already taking steps towards this goal. He highlighted the recent announcement of a $6.7 billion investment in renewable energy projects, which will create thousands of jobs and reduce greenhouse gas emissions.
In conclusion, the economic barometer’s findings serve as a wake-up call for Quebec to take immediate action towards a faster and more efficient energy transition. With the right strategies and investments, the province can not only meet its climate goals but also reap economic benefits and secure a sustainable future for generations to come.
