Alberta's New Energy Agreement
On October 23, 2018, the Government of Alberta announced a new energy strategy, which includes a goal of reducing greenhouse gas emissions by 50% below 2005 levels by 2030.
The new energy agreement includes several key components, including:
- A 50% reduction in greenhouse gas emissions by 2030
- An investment of $2 billion in renewable energy and carbon capture and storage technologies
- A plan to phase out coal-fired power plants by 2030
- A goal of increasing the share of renewable energy in the province's energy mix to 30% by 2030
According to the Alberta government, the new energy agreement is designed to "balance the needs of the economy, the environment, and the energy system" and to "position Alberta as a leader in the clean energy economy."
“We are committed to reducing greenhouse gas emissions and transitioning to a clean energy economy. This new energy strategy is a key step in achieving that goal.”
— Alberta Energy Minister Marg McCuaig-Boyd
Author's Summary:
The Government of Alberta has announced a new energy strategy aimed at reducing greenhouse gas emissions and transitioning to a clean energy economy. The plan includes a 50% reduction in emissions, investment in renewable energy and carbon capture technologies, and a goal of increasing the share of renewable energy in the province's energy mix.
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