This week, Jean-Denis Charlebois joins the podcast. Jean-Denis is the Chief Economist at the Canada Energy Regulator (CER). The CER released a report in June outlining three potential future energy scenarios, titled “Canada’s Energy Future 2023: Energy Supply and Demand Projections to 2050.”

Here are some of the questions Peter and Jackie asked Jean-Denis: Why did the CER publish net-zero scenarios for the first time in this recent edition? Are you concerned about how these scenarios are implicitly being used as predictions by politicians or other commentators on energy in Canada? How much does Canadian electricity consumption increase in the CER scenarios? What is the potential market share for heat pumps? How does the mix of power generation change? What is the future cost of carbon? Canada’s oil production is assumed to decline significantly in the net-zero scenarios; however, could supply be more resilient considering Canada's advantages as a stable, secure, and low-carbon supplier? What energy-focused capital spending is required for the Canadian net-zero scenarios, and how does that compare with history?

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Canada Energy Regulator’s Chief Economist: What Could Canada’s Energy Future Look Like?