Canadians’ fossil fuel use will peak in 2019: NEB

October 30, 2017 at 10:58 am Leave a comment

The National Energy Board expects fossil fuel use to peak in the next two years, then decline as a mix of carbon pricing policies and climate-friendly technologies push Canadians to make different choices.

“Every time in the last 10 years that we’ve done a forecast, the projection for fossil fuel use keeps falling. Eventually you get to the point where it actually peaks out,” the energy regulator’s chief economist, Shelley Milutinovic, said Thursday.

Peak fossil fuel use by 2019 was a key projection in the the energy regulator’s market assessment, released Thursday.

Though electric vehicles currently make up less than one per cent of all new vehicle purchases in Canada (0.6 per cent in 2016), the NEB also expects those sales to bump up slightly, to three per cent in 2020 and 16 per cent by 2040, if absolutely nothing changes. Some provinces already have incentives for going electric and next year Quebec has mandated that a percentage of vehicles sold must be electric.

Read Canadians’ fossil fuel use will peak in 2019: NEB by Trish Audette-Longo at The National Observer.

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Entry filed under: Carbon_Emissions, Energy, Peak_Oil, Sustainable Transportation.

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