O&G
Canada Must Accelerate Methane Abatement
Methane emissions, ktCO2e
Source: National Inventory Report, RBC Climate Action Institute
Conventional Oil and Gas Dominate Methane Emissions
ktCO2eq
Source: National Inventory Report, RBC Climate Action Institute
Methane Emissions Intensities Are Reducing
Left Axis: emissions intensity (ktCO2e/mmbbl); Right Axis: production (mmbbl/d)
Source: Canada Energy Regulator; RBC Climate Action Institute
Canada Needs Better Methane Measurement
Counts of abatement projects from Canada’s largest methane emitters
Source: Canada greenhouse Gas Reporting Program, IEA, RBC Climate Action Institute
Transportation
EV share of total vehicle sales, latest: Q3 2023
Source: Statistics Canada, BNEF, RBC Climate Action Institute
But It’s Only The Beginning
EV share of total vehicle sales
Source: Statistics Canada, BNEF, RBC Climate Action Institute
EV Sales Have Jumped… But It’s Only The Beginning
EV share of total vehicle sales
EV Subsidies Are Closing The Price Gap With ICE Cars
Subsidies as a share of an average EV price in 2022
Source: BNEF, RBC Climate Action Institute
Purchases Without Subsidies Are Gaining Traction
Cumulative EV sales
Source: Transport Canada, BNEF, RBC Climate Action Institute | *RBC estimate
Buyers Tapped Incentives To Buy Higher Priced EVs
Share of EV sales purchased with the federal incentives by price level*
Source: Transport Canada, Autotrader.ca, RBC Climate Action Institute | *Vehicle model/year MSRP mid-point
Buildings
Homeowners Are Embracing Heat Pumps
Share of homes by Primary heating system and type of energy
Source: Statistics Canada, RBC Climate Action Institute
| Figures do not add up to 100% due to exclusion of several types of heating systems; 2030 figure is an estimate by the RBC Climate Action Institute
The popularity of the Greener Home Grant has resulted in backlog of applications awaiting processing
Source: RBC Climate Action Institute analysis of NRCan and CMHC data
Googling of heat pumps by Canadians
Popularity of “Heat Pump” search term
Source: Google trends, RBC Climate Action Institute
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