As a result, countries are exploring innovative ways to meet their mounting power needs while achieving carbon reduction targets. Canada stands out as one of the few developed nations that predominantly rely on clean hydro energy. With this strong foundation, Canada has many opportunities to increase performance by modernizing its infrastructure, optimizing power consumption, and pursuing fossil fuel alternatives.
Building on these opportunities, governments in Canada and around the world are striving to reduce their carbon footprints by adopting alternative and renewable energy sources. This significant shift in power generation and distribution requires substantial financial investment, regulatory reforms, inter-jurisdictional coordination, and social acceptability.
While the potential rewards of such an overhaul are significant, achieving these goals won’t be easy. Governments, regulatory agencies, power generation and distribution companies, and local communities must work together to ensure this shift is successful.
This means recruiting the right leaders with the foresight and skillset to effectively control complex cost structures and timelines, establishing a solid, and long-lasting, new power infrastructure. To meet no-carbon regulatory requirements, leaders need to be more technologically astute than ever. Additionally, the anticipated influx of investment in new infrastructure will require creative financial leadership to ensure these projects are successfully funded and executed.
