Posted on November 17, 2015
Greenhouse gas emissions (GHG) from Ontario’s electricity sector are expected to more than double from 2014 levels, and could negate the reductions already achieved by closing the province’s coal stations. Ontario’s growing dependence upon carbon-emitting natural gas-fired generation in the next decade is particularly concerning as more and more of this fuel comes from environmentally-questionable shale gas. Carbon pricing, likely in the form of a Cap and Trade program with Quebec and California, will bring new cost pressures for residential, commercial and industrial electricity consumers if Ontario’s carbon emissions rise.
In the coming months, as the province’s 2013 Long-Term Energy Plan is being updated, Ontario’s decision makers will need to address these and some other critical challenges. Besides meeting the province’s GHG targets and ensuring system reliability, Ontarians will expect to see rising electricity prices kept in check and a healthy and expanding economy that sustains existing jobs and creates new ones.... read more