
Fraser Institute News Release: Doubling Canadian natural gas production and exporting to Asia could reduce global emissions by up to 630 million tonnes--nearly as much as Canada produces in a year
"As countries like China and India continue to burn coal for power, Canadian LNG offers a lower-emission alternative with the potential for major global impact," said Elmira Aliakbari, director of natural resource studies at the Fraser Institute and co-author of the study, Exporting Canadian LNG to the World: A Practical Solution for Reducing GHG Emissions.
The study estimates the impact from Canada doubling its natural gas production and exporting to Asia to replace coal-fired power. In that scenario, global emissions could drop up to 630 million tonnes annually, which is the equivalent of removing approximately 137 million cars from the road.
More specifically, replacing coal-fired power in China with Canadian LNG could cut emissions by up to 62 per cent for every unit of power produced.
"Focusing only on domestic emissions ignores Canada's potential to support global climate goals," said Aliakbari.
"By displacing coal abroad, Canadian LNG can play a critical role in cutting total global emissions even if domestic emissions were to increase."
However, regulatory uncertainty and a range of federal and provincial policies continue to hinder LNG development in Canada, despite strong global demand.
"Policymakers need to clear a path if Canada is going to play a meaningful role in reducing global emissions," Aliakbari added.
The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, Halifax and Montreal and ties to a global network of think-tanks in 87 countries. Its mission is to improve the quality of life for Canadians, their families and future generations by studying, measuring and broadly communicating the effects of government policies, entrepreneurship and choice on their well-being. To protect the Institute's independence, it does not accept grants from governments or contracts for research. Visit www.fraserinstitute.org
SOURCE The Fraser Institute
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Toronto Sun
24 minutes ago
- Toronto Sun
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Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The traditional argument holds: While buying a home can build long-term equity and stability, renting can provide flexibility and fewer upfront costs. But as home ownership becomes a far-fetched dream for many young Canadians, can renting for life be a viable option? Alex Avery, author of The Wealthy Renter, thinks so. 'It's different for every person, and each individual's needs change over time, but I'm still a firm believer that renting is a great option,' he said. Despite rental prices having soared since publishing his book in 2016, Avery says renting is still cheaper and carries less risk than buying. 'People compare mortgage payments to monthly rental rates, but mortgage payments don't begin to cover the full costs of home ownership,' he said. 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an hour ago
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