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On Tuesday, February 4, 2014
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Canada, Green Power And Economy
The world's nations are concerned regarding the potential finish of fossil fuels and the impact this would have on their power infrastructures. Equally of concern will be the economy, both the international economy along with the economies of the individual nations. There is broad agreement amongst them that these two issues - green power and economy - are intertwined. Amongst the nations searching for solutions is Canada.
Total international investment in renewable energy, in 2008, was greater than all combined investment in nuclear, natural gas and coal electrical energy. Renewable energy initiatives attracted practically US$148 billion worldwide. Nations that perform to make renewable power options will attract the bulk of this cash. For that reason, if it wishes to remain globally competitive within this new world market place, Canada needs to present itself as an attractive market place as a way to win these investments and avoid them going elsewhere, probably the Usa.
The United states Recovery and Reinvestment Act of 2009 invests practically fourteen instances as much in renewable energy than Canada's Federal Price range of that same year.
One more trigger for concern and study and development in renewable power is the need to reduce carbon emissions to be able to halt or slow climate modify. The International Power Agency calculates that the nations from the Major Economies Forum need to have to invest three to six times much more per year than they're at present if they want to attain their goal of fifty percent reduction in emissions from 2005 levels by 2050.
A single notable R&D investment is that of carbon capture and storage. Canada claims to be strongly in favor of this and to be providing robust investment. However, nations who have not evinced a strong commitment to climate adjust such as the Usa and Australia are still outspending Canada's 19 million by hundreds of millions.
If Canada wishes to enter fully into the renewable power economy, it already has a strong base from which to develop this capacity. Hydroelectric dams already produce most of Canada's electrical energy. Quebec, Manitoba, Labrador, and Yukon produce over 90% of their electricity this way.
Canada has plentiful solar power resources, particularly in Ontario, Quebec, and also the Prairies. Although currently only a small part of Canada's energy production, there is certainly a solar power infrastructure in place mainly for non-electric space and water heating. Government studies show solar power could account for five % of energy wants by 2025.
Many areas of Canada are hard to reach and/or sparsely populated. Thus, they do not have easy access to the nation's energy grid. Here solar power is already put to use through photovoltaic cells. PV cells, when exposed to light, use semiconductor materials to generate directly electric power. In the northern provinces and territory, they have are used as standalone units to distribute electrical energy, particularly for remote homes, telecommunications equipment and navigational devices. Because they replace the costly diesel fuel systems that used to provide this energy, they also benefit the economy of these areas.
Presently 1.1 percent of Canada's electrical energy is produced by ninety-nine wind farms. The Canadian Wind Power Association states it could attain a capacity of 55,000 MW by 2025, meeting 20 % of Canada's demands.
The impact on the economy is already on display in parts from the country. Ontario's Green Energy and Green Economy Act of 2009 incentivizes homeowners to use renewable energy generators like solar panels by offering low- or no-interest loans to finance the cost.
In British Columbia, GLOBE Foundation of Canada estimates the province's recent turn to a green economy could be worth over 27 billion dollars by 2020. It is already responsible for 117,000 full time jobs and over 15 billion dollars of provincial GDP.
Canada already has the resources along with the systems in place for renewable energy. It remains for the nation to decide how fully it wishes to develop and integrate them into the international green market place and economy grid.
The world's nations are concerned regarding the potential finish of fossil fuels and the impact this would have on their power infrastructures. Equally of concern will be the economy, both the international economy along with the economies of the individual nations. There is broad agreement amongst them that these two issues - green power and economy - are intertwined. Amongst the nations searching for solutions is Canada.
Total international investment in renewable energy, in 2008, was greater than all combined investment in nuclear, natural gas and coal electrical energy. Renewable energy initiatives attracted practically US$148 billion worldwide. Nations that perform to make renewable power options will attract the bulk of this cash. For that reason, if it wishes to remain globally competitive within this new world market place, Canada needs to present itself as an attractive market place as a way to win these investments and avoid them going elsewhere, probably the Usa.
The United states Recovery and Reinvestment Act of 2009 invests practically fourteen instances as much in renewable energy than Canada's Federal Price range of that same year.
One more trigger for concern and study and development in renewable power is the need to reduce carbon emissions to be able to halt or slow climate modify. The International Power Agency calculates that the nations from the Major Economies Forum need to have to invest three to six times much more per year than they're at present if they want to attain their goal of fifty percent reduction in emissions from 2005 levels by 2050.
A single notable R&D investment is that of carbon capture and storage. Canada claims to be strongly in favor of this and to be providing robust investment. However, nations who have not evinced a strong commitment to climate adjust such as the Usa and Australia are still outspending Canada's 19 million by hundreds of millions.
If Canada wishes to enter fully into the renewable power economy, it already has a strong base from which to develop this capacity. Hydroelectric dams already produce most of Canada's electrical energy. Quebec, Manitoba, Labrador, and Yukon produce over 90% of their electricity this way.
Canada has plentiful solar power resources, particularly in Ontario, Quebec, and also the Prairies. Although currently only a small part of Canada's energy production, there is certainly a solar power infrastructure in place mainly for non-electric space and water heating. Government studies show solar power could account for five % of energy wants by 2025.
Many areas of Canada are hard to reach and/or sparsely populated. Thus, they do not have easy access to the nation's energy grid. Here solar power is already put to use through photovoltaic cells. PV cells, when exposed to light, use semiconductor materials to generate directly electric power. In the northern provinces and territory, they have are used as standalone units to distribute electrical energy, particularly for remote homes, telecommunications equipment and navigational devices. Because they replace the costly diesel fuel systems that used to provide this energy, they also benefit the economy of these areas.
Presently 1.1 percent of Canada's electrical energy is produced by ninety-nine wind farms. The Canadian Wind Power Association states it could attain a capacity of 55,000 MW by 2025, meeting 20 % of Canada's demands.
The impact on the economy is already on display in parts from the country. Ontario's Green Energy and Green Economy Act of 2009 incentivizes homeowners to use renewable energy generators like solar panels by offering low- or no-interest loans to finance the cost.
In British Columbia, GLOBE Foundation of Canada estimates the province's recent turn to a green economy could be worth over 27 billion dollars by 2020. It is already responsible for 117,000 full time jobs and over 15 billion dollars of provincial GDP.
Canada already has the resources along with the systems in place for renewable energy. It remains for the nation to decide how fully it wishes to develop and integrate them into the international green market place and economy grid.
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