Quebec’s Energy Sector Moving Further Away from 2030 Targets

Publication of The State of Energy in Quebec 2023 Edition

February 13, 2023

Energy consumption trends in Quebec have changed since the pandemic, but they will need to evolve further if we want to meet the 2030 targets set by the government. In fact, compared to last year, gasoline sales are up, the fleet of gasoline-powered vehicles is growing and expanding, and the floor area to be heated continues to rise.

These are the main findings of The State of Energy in Quebec 2023 Edition, which has just been released by the HEC Montréal Chair in Energy Sector Management.

This annual review, which collates the most recent data on the energy sector, was financed with support from the Government of Quebec. It has been prepared by Pierre-Olivier Pineau, Research Chair in Energy Sector Management, and Johanne Whitmore.

Publication de l'État de l'énergie au Québec 2023

 

“If no further actions are taken apart from the ones identified in the 2030 Plan for a Green Economy, Quebec will not be able to structurally decarbonize its economy and achieve its climate objectives between 2030 and 2050. To make the transition a success, we must first reduce our energy consumption in order to better absorb the costs of emerging energies and electrification. Greater emphasis on green taxation and the circular economy, as well as modernization of regulations are necessary.

Pierre-Olivier Pineau

 

A few indicators

Vehicle sales

Energy efficiency

Energy consumption

Find out more by consulting The State of Energy in Quebec 2023 Edition [in French only]

Learn about the work conducted by the HEC Montréal Chair in Energy Sector Management


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