Canada

What lies ahead for Canada’s green energy sector?

AECOM Editors

A look at how we’re delivering Canada’s future

As the new federal government sets out its key priorities, we’re thinking about our sustainable energy sector — how it might evolve under a renewed administration, and how organizations can keep advancing their energy transition plans. Despite national focus shifting to current economic challenges and political uncertainties, it’s expected that Canadian businesses and the public sector will continue working toward optimized energy use, waste reduction and operational efficiency.

Whether it be adopting energy management technologies like smart grids or implementing innovative energy management systems and storage solutions, significant energy investments that drive operational, economic and environmental benefits will continue to shape Canada’s energy future. The challenge going forward however will be balancing environmental commitments with immediate economic priorities.

Shifting geopolitical landscapes

While looming U.S. tariffs are forcing Canada to rethink its export strategies with greater interest in traditional energy sectors like liquid natural gas, Prime Minister Mark Carney plans to implement numerous financial incentives to promote sustainable energy alternatives. This is good news for organizations working to achieve net-zero targets, but their success will ultimately hinge on effective implementation while also navigating economic and political uncertainty.

On the global stage, similar challenges exist. In this recent Utility Dive article by AECOM’s Adrian Del Maestro, Resetting net zero: What next?, he cites a 2024 decrease in the growth rate of clean energy investment, particularly in emerging technologies like hydrogen and carbon capture and storage.  He also emphasizes the importance of grid modernization and the integration of renewable energy sources.