A recent report by the federal government think tank Policy Horizons Canada states that the global dominance of fossil fuels could wane faster than previously expected, with renewable energy being cheaper than non-renewable energy in the next 10-15 years, which would then threaten Canada's status as an "energy superpower".
Alberta is often referred to as an energy superpower, but the commodity nature of non-renewable fossil fuels leads to unpredictable cycles of boom and bust. However, recent plans, policies, and regulations from Alberta’s government for encouraging renewable energy development in Alberta could help supplement the provinces’ energy sources and lead to a more stable energy economy.
Alberta’s Climate Leadership Plan illustrates the Alberta government’s commitment to developing the provinces’ renewable energy sector. This plan involves phasing out coal, diversifying energy sources with at least 30% of electricity coming from renewable energy by 2030, keeping the cost of renewables down, and reducing greenhouse gas emissions (GHGEs) from coal-fired electricity. This plan shows the governments’ commitment to creating new opportunities and getting Albertans back to work.