CEA State of the Industry-Webinar Recording

Video Transcription

Video Summary

In this webinar, Michael Paul, Vice President of Government Relations for the Canadian Electrical Association, discusses the state of the electricity industry in Canada. He highlights the shift towards sustainability and decarbonization, as well as the need for increased clean power production to meet net-zero goals. Paul emphasizes the importance of affordability, regional considerations, energy efficiency, national and international emissions trading, resiliency, and research and development in achieving these goals. He also discusses the role of regulations, particularly economic regulations, in shaping the industry's transformation. Paul identifies the safe bets, such as existing technologies and projects that can contribute to decarbonization, and the wildcards, such as grid-scale storage, hydrogen, small modular reactors, and carbon capture, utilization, and storage, that will be instrumental in the future. He concludes by highlighting the need for partnerships between Canada and the US, the opportunities for cross-border transmission and collaboration, and the potential jobs and economic growth in the sector.

Keywords

electricity industry

decarbonization

clean power production

affordability

regulations

grid-scale storage

economic growth