{"id":10401,"date":"2024-04-13T11:54:28","date_gmt":"2024-04-13T11:54:28","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=10401"},"modified":"2024-04-13T11:54:28","modified_gmt":"2024-04-13T11:54:28","slug":"iea-says-canada-can-be-key-global-oil-supplier-if-emissions-promises-kept","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/10401\/","title":{"rendered":"IEA says Canada can be key global oil supplier if emissions promises kept"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Canada, the world’s fourth-largest oil producer, can be a key global supplier for years to come providing it sticks to promises to sharply cut emissions, the International Energy Agency (IEA) said on Thursday.<\/p>\n

In its first review of Canada’s energy policies since 2015, the IEA said the country’s role as a major producer, consumer and exporter of energy presented “both challenges and opportunities” for reaching its decarbonization targets.<\/p>\n

Prime Minister Justin Trudeau’s Liberal government has pledged to cut carbon output 40% to 45% below 2005 levels by 2030 and reach net-zero emissions by 2050. Energy makes up 10% of Canada’s gross domestic product, and oil and gas is responsible for 26% of the country’s greenhouse gas emissions, making it the highest-emitting sector of the economy.<\/p>\n

IEA Director Fatih Birol praised Canada’s efforts so far to cut carbon emissions but said further work was needed.<\/p>\n

“Canada is definitely in the top league of all those oil-producing countries when it comes to addressing our climate challenge,” Birol told a news conference. “We want to see those strategies being implemented.”<\/p>\n

Birol said the world will need oil and gas even while aiming for net-zero emissions by 2050, and he would like that production to come from reliable countries with plans to produce it as cleanly as possible, highlighting Canada.<\/p>\n

But environmental campaigners \u00c9quiterre criticized the IEA as being inconsistent for laying out how Canada can reduce emissions from oil and gas production in order to continue exporting after 2050.<\/p>\n

“The myth of green fossil fuels is persistent,” said climate policy analyst \u00c9mile Boisseau-Bouvier.<\/p>\n

Natural Resources Minister Jonathan Wilkinson said Canada needed to reduce both emissions intensity of its oil and gas and consumption of fossil fuels.<\/p>\n

To speed up decarbonization of the oil and gas sector, the IEA called for strong action to curb methane emissions and accelerate the rate of innovation in energy technology.<\/p>\n

Canada is already developing technologies, including carbon capture, utilization and storage (CCUS), clean hydrogen and small-module nuclear reactors, and the IEA said further federal funding for research and development would help speed up progress.<\/p>\n

Birol ranked CCUS as one of the top three most critical decarbonization technologies in the world, out of around 800 looked at by the IEA.<\/p>\n

Sonya Savage, energy minister for Canada’s main oil-producing province Alberta, told Reuters she was pleased the IEA acknowledged that oil and gas consumption will continue, and its importance to the Canadian economy.<\/p>\n

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