The world is changing − fast
The world is on the cusp of huge changes to our energy systems.
Bloomberg New Energy Finance projects that the world will transition from getting two-thirds of its energy from fossil fuels today to getting two-thirds of its energy from renewable sources by 2050.
In this period:
- Solar power will increase from 2% to 22% of world supply
- Wind will increase from 5% to 25%
- Nuclear energy will remain stagnant and show no growth
Bloomberg New Energy Finance – New Energy Outlook 2019
Electric Vehicles race ahead
Electric vehicles will “take off” in the 2020s and will be the most popular vehicle choice by 2040, according to Bloomberg.
- Passenger EV sales will rise from 2 million worldwide in 2018 to 56 million by 2040
- Conventional passenger car sales will be cut in half over the same period (and may have already peaked)
- 81% of municipal buses will be electric by 2040
- Electric vehicle uptake will continue to be driven by incentives and fuel economy regulations over the next 5-7 years until economics take over
Benefiting from the clean economy
Canada is already seeing the benefits of this transition. According to Clean Energy Canada, growth the the clean energy sector outpaced growth in the general economy by more than 30% between 2010 and 2017.
- In 2017, clean energy accounted for 298,000 jobs in Canada
- These jobs are more stable than jobs in the general economy
- Investment in industries like smart controls and energy storage has doubled over the past decade
Clean Energy Sector Trends
Clean Energy Canada – Tracking the Energy Revolution, 2019
How has the Ford Government responded to these trends?
- Cancelled renewable energy projects
- Cancelled incentives for Electric Vehicles
- Cancelled energy efficiency programs, including incentives for home retrofits
- Cancelled carbon cap-and-trade program that provided revenues for home retrofit and vehicle incentives among other climate actions
- Refused Quebec’s offer of low-cost renewable power
Ontario is clearly moving in the wrong direction. We will all pay for the province’s shortsighted actions with a slower growing economy and fewer jobs.
Sign the petition below to show your support for getting Ontario back on a green track.
We need to make Ontario a leader in green technology!Read the petition