Decarbonization momentum, strong macro tailwinds
Canada strives to be at the forefront of the global transition towards a low-carbon economy and sustainable energy future.
As one of the world's largest carbon emitters, the country has made a significant commitment to achieving net-zero emissions by 2050, with interim targets of reducing emissions by 45% by 2030 and establishing a net-zero electricity system by 2035.
These ambitious decarbonization targets align with the adoption of solar and other renewable energy sources across Canada. All three levels of government have implemented an inspiring suite of incentives, including net metering and third-party ownership structures, federal investment tax credits, and accelerated depreciation benefits, collectively creating a highly favorable environment for renewable generation deployment.
The convergence of carbon reduction and sustainability targets with these attractive incentives presents an incredible opportunity for businesses and organizations to embrace renewable energy solutions.
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Decarbonization strategy is driven by four key pillars:
Decentralization
Decentralization involves integrating distributed energy resources
​The grid is becoming more decentralized with the exponential increase in distributed energy resources (DERs) at the edge of the grid. DERs are fast growing in variety, sophistication and cumulative scale. They aren't just a part of the current and future energy system; they are going to dominate it.
Digitalization
Digitalization leverages smart technologies for efficient energy management
​​Increased prevalence of sensors, data-rich networks and automation allows for visibility of the distribution grid and will enable you to control and optimize your energy costs.
Democratization
Democratization enables consumers to become active participants in the energy market
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Moving from consumer to market participant, you can generate revenue from your renewable energy assets and load through participation in energy marketplace.
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Decarbonization
Decarbonization transitions to
a low-carbon energy system
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Wind and solar generation are now the cheapest sources of energy in most jurisdictions. With the Corporate and Government commitments to decarbonization, there will be a continued acceleration of the energy transition.
With the synergy of strong policy support and a clear national roadmap towards a sustainable future, the timing has never been better for corporations to capitalize on the tailwinds fueling the growth of renewable energy. By aligning business strategies with these decarbonization trends, companies can not only contribute to Canada's ambitious climate goals but also position themselves as industry leaders in the transition towards a cleaner, more resilient energy landscape.