World Energy Markets Observatory: North America

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2019 saw a continuation of North America’s struggle to address climate change

A point exacerbated by the United States’ withdraw from the Paris Accord. Canada, on the other hand, accelerated its targets by developing a plan to achieve net-zero emissions by 2050 based on a series of five-year emissions reduction milestones.

In this year’s World Energy Markets Observatory, we explore the divergence of these two North American powerhouses on the matter of climate change, as well as their response to COVID-19. Here we present practical ideas for how utilities, policymakers and private companies can embrace a strategy that balances these priorities in the pursuit for a “better normal.”

Regional Highlights

  • U.S. CO2 emissions are projected to fall 11% in 2020—the largest decline since 1949—due to the industrial slowdown related to COVID-19.
  • Canada revised its anticipated emissions for 2030 to be 227Mt below the rate projected in 2015—an unprecedented level of emissions reduction.
  • The U.S. installed ~20.2 GW of renewable capacity in 2019, up 2.3 GW from 2018—the second-highest year on record.
  • U.S. renewable energy generation is expected to surpass coal-generated energy in 2020.
  • Canada is set to retire 5 GW of coal-fired capacity by 2028—another step toward their 2050 net zero goal.
  • U.S. became a net natural gas exporter, averaging 5.2 Bcf/d.
  • Corporate purchase power agreements (PPAs) procured a record-breaking 13.6 GW of clean energy capacity, as led by Google, AT&T and Walmart.

WEMO North America Insights...

File size: 485.60 KB File type: PDF

Expert Perspectives

Randy Cozzens, Executive Vice President and North America Sector Head of Energy, Utilities and Chemicals

“We conclude this year’s WEMO with a now-familiar call for radical change to address climate change. While virtually every organization understands what’s at stake, companies’ transformation plans tend to be far more conservative, as the business grapples with costs, risk and returns. In publishing our WEMO report, we aim to help organizations understand some of the latest digital and sector technologies, business models and data and analytics that could help shape a high-value transformation agenda.”

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Meet our experts

Randall Cozzens

I collaborate with the Business Units in North America to drive Capgemini’s strategic growth agenda. Our NA Go To Market teams develop and nurture client relationships; understand the clients’ critical business issues; and architect innovative, fit-for-purpose solutions to drive tangible business value relative to the critical business issues.

Elfije Lemaitre

Expert in Energy, Utilities and Chemicals