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ARTICLE · 16 SEPTEMBER 2021

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Energy Transition Series: What Is Energy Transition?

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Welcome to the first of a three-part Energy Transition Series that will examine the changing legal and industry trends behind the emergence of the new renewable energy market.

CanadaEnergy and Natural Resources
Jonathan Fleisher
Jonathan Fleisher
Charles Newman
Charles Newman
Jeremy Barretto
Jeremy Barretto
Christopher W. McLelland
Christopher W. McLelland
David Bach
David Bach
Neil Burnside
Neil Burnside
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Welcome to the first of a three-part Energy Transition Series that will examine the changing legal and industry trends behind the emergence of the new renewable energy market.

Energy transition is a global shift towards decarbonization in all industries towards net-zero emissions. Governments, industry, and financial institutions across the globe are committed to – and have set – various carbon reduction targets, paving the way for a transition towards renewable energy and other technologies to achieve net-zero emissions.

GOVERNMENT POLICY

Canada is a signatory to the Paris Agreement1 and as part of its commitments following ratification of the agreement in 2016, the federal government announced a national "30 by 30" mandate to reduce greenhouse gas (GHG) emissions by 30% below 2005 levels by 2030. More recently, the federal government announced, following the Leaders Summit on Climate on April 22, 2021, that it would increase its "30 by 30" commitment to

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