NEW – State of Energy in Québec 2021
On January 28, 2021, the State of Energy in Quebec announced the 7th edition of its annual report, State of Energy in Québec. The report, compiled by the Energy Sector Management at HEC Montréal, provides a review of the Québec government’s efforts to achieve its energy transition objectives, particularly as they relate to energy consumption, transport and production.
During the meeting, the Minister of Energy and Natural Resources and Minister responsible for the Côte-Nord region, Jonatan Julien, discussed highlights from the report. He said that the report provides reliable and comprehensive data and is intended to be used as a tool to guide ministerial policies. He also commented on the challenges and issues identified in the report that decision-makers will have to tackle to achieve their energy transition goals.
Julien highlighted key information from the report:
- In 2018, through Energy Transition Québec, the Québec government funded $875,000 per year over five years to fund the State of Energy in Québec report.
- Québec's Master Plan for Energy Transition, Innovation and Efficiency contains 225 measures that will allow Québec, by 2023, to improve its energy efficiency by 5 per cent and reduce its consumption of petroleum products by 12 per cent compared to 2013. These measures are intended to reduce GHG emissions of around 5.4 million tonnes of CO2.
- With a budget of $6.7 billion over five years, the Plan for a Green Economy 2030, launched in November 2020, presents its first implementation plan from 2021-2026. The goal is to achieve the GHG emission reduction target that Québec set for 2030: reduce 37.5 per cent GHGs compared to the 1990 level, and achieve carbon neutrality by 2050.
For more information on the HEC Montréal Energy Sector Management Chair, visit energie.hec.ca.