Currently, Canada is facing a conundrum when it comes to balancing its fossil fuel production with green eco policies. On one side of the equation, the liberal and environmentalist factions call for radical changes in order to mitigate the effects of climate change, urging Canada to drastically reduce the use of fossil fuels for energy. Conversely, many working-class Canadians are warning that drastic alterations to the current economic infrastructure could hurt their livelihoods, while many conservative pundits and politicians argue that the renewable energy revolution has not yet been adequately proven or affordable. It is this scenario that has put Canada in a contradictory position—where on one hand, the ecological apocalypse could become the reality if profound steps are not taken to reduce carbon emissions—and on the other hand, a shift to green technologies could plunge Canada into a period of socioeconomic turmoil and devastate the average Canadian.
Striking a balance between being a responsible steward of the environment, while not sacrificing the status of the average Canadian is the challenge Canada is sorting with today. Curbing devastating carbon emissions without first ensuring that green technology solutions and infrastructure have been properly tested, developed and materialized is utopian-think bordering on foolishness. The stats bear out Canada’s inability to simply throw money at the problem and then walk away; According to Environment and Climate Change Canada, greenhouse gas emissions resulting from burning fossil fuels accounted for 81.9% of total 2017 emissions, leaving total 2017 renewable and clean energy sources a meager 18.1% of total emissions. This does not even take into consideration the inherent costs attributable to the restructuring of the current oil & gas industry and how Canada’s current power grid, which relies on fossil fuels, must be changed and rebuilt in order to handle the massive amount of intermittent power supplied by sources such as wind or solar.
Furthermore, the bottom line practicality of these ideas must be taken into account. Although Canada’s Prime Minister confidently proclaimed that green initiatives will boost the threshold of living and workforce security, it is hard to escape the cold facts that additional collateral damage will occur during and after the much needed transitions. Canada’s workforce (especially relying on the energy sector) will suffer losses. Hydro bills/power bills will increase. Consumers will be directly burdening the costs for switching to green sources, upgrading to electric vehicles, etc. In the single biggest economy boost this has occurred, the Metropolitan Transit Agency, November Renewal Bond for Los Angeles peaked at a whopping $3.87 billion, with between 13-24% page leading to increased financial commitments and debt servicing costs. In essence, green policy without access to deep, uninterrupted funding sources artificially creates economic distress.
For Canada to revive its battered workforce status, coupled with implementing greener and eco-friendly economic practices the pivotal moves lie elsewhere. Namely, ensuring instead that the current balance between clean (albeit more expensive) renewable energy sources and a market option of broader driven/market generated energy sources protected consumers from outrageous rate hikes due to sole renewable sources was a more competent means of regenerating the country’s spirit. This sustainable balance is in part the juggling act of energy autonomy countrywide, whereby Canadian’s can naturally marry both oil and gas driven energy–with clean and responsible renewable ingredients to securely oversee renewable harmonization into Canada’s already budget-pressed daily make-up, both in households and businesses sector—alongside the monitoring of justifiable renewable energy gains still within normal affordable rates as well as how to incorporate innovative renewable energy production methods (also without jeopardizing micro Entrepreneurs and businesses presently and temporarily running at full capacity or looking to expand).
The landscape of environmental policies will continue to ebb and flow, but movement towards alternative power sources must carefully be kept in perspective if Canada’s spirit for national economic security and maintain a network of resources to allow everyday Canadians to thrive is to be achieved. Without caring for the booming markets of millennials, generations to come, and provincial stability placed at risk by reckless renewable tactics—sophisticated actions taking consumer prices into play and assigning the essence of energy sources a new ecological value are way more shrewd and attainable ways of single handedly preserving and refreshing the strength of this nation’s current living standard without burden. Only then can true sustainable action be attained and left fully within the future of Canada’s greater economic perspective.