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Articles

Canada’s role in global energy security: practical considerations for a low-carbon transition

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ABSTRACT

As the holder of the some of the world’s largest reserves of oil and gas, along with world class deposits of many critical minerals needed for the energy transition, Canada is well-positioned to meet the energy needs of our allies and partners. Canada must act fast to remove impediments to energy investment, production and export capacity at a time when geopolitics is upending global energy markets and demand and supply are becoming unbalanced. Stable, secure and affordable energy supplies are vital to human well-being and economic development. Canada has the capacity to play a role in ensuring the energy transition occurs in a way that does not create unnecessary economic hardship, foment inequality and civil unrest, or threaten global energy security.

RÉSUMÉ

En tant que détenteur de certaines des plus grandes réserves de pétrole et de gaz au monde, ainsi que de gisements de classe mondiale de nombreux minéraux essentiels à la transition énergétique, le Canada est bien placé pour répondre aux besoins énergétiques de ses alliés et partenaires. Le Canada doit agir rapidement pour éliminer les obstacles à l'investissement dans l'énergie, à la production et à la capacité d'exportation, à un moment où la géopolitique bouleverse les marchés mondiaux de l'énergie et où l'offre et la demande se déséquilibrent. Des approvisionnements énergétiques stables, sûrs et abordables sont essentiels au bien-être humain et au développement économique. Le Canada a la capacité de jouer un rôle en veillant à ce que la transition énergétique se fasse d'une manière qui ne crée pas de difficultés économiques inutiles, n'alimente pas les inégalités et les troubles civils, et ne menace pas la sécurité énergétique mondiale.

Disclosure statement

No potential conflict of interest was reported by the author(s).

Notes

1 It should be noted that emissions intensity evaluation is an imperfect and contested science, with different methodologies producing different results.

Additional information

Notes on contributors

Jeff Kucharski

Jeff Kucharski is currently an Adjunct Professor at Royal Roads University in Victoria, B.C. and a Senior Fellow at the Macdonald-Laurier Institute in Ottawa.

Heather Exner-Pirot

Heather Exner-Pirot is a Senior Fellow at the Macdonald-Laurier Institute in Ottawa and a Fellow at the Wilson Center in Washingon DC.

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