The Great Recession and Canada’s Energy System, 10 Years Later

摘要

The global economic recession of 2008-2009 had a significant impact on energy systems both in Canada andacross the globe. According to data from the International Energy Agency, global primary demand growth grewnearly 3 percent per year from 2000-2007, but only 1.2% in 2008 and declined nearly 1% in 2009. In Canada,primary demand fell 3% from 2007 to 2008, and another 5% from 2008 to 2009. This is perhaps the most obviouslinkage, but the recession and energy also cross in many other areas including energy markets, investment, andsubsequent policy responses.