Canada in a Good Position to Decarbonize
October 12, 2017
Canada is well-positioned to transition to a low-carbon economy as wind and solar projects will be the focus of energy investments over the next two decades, a national wind energy conference was told.
Almost three quarters of new energy capacity investments in the country through 2040 will be for the two renewable energy sources, said Alex Morgan, wind energy analyst at Bloomberg New Energy Finance.
Global investments over the period are expected to exceed US$10 trillion, with wind accounting for US$3.3 trillion and solar US$2.8 trillion for a combined 59 per cent.
Robert Hornung, president of the Canadian Wind Energy Association, said Canada has to use clean electricity as much as possible in all end uses as the country tries to meet the goals of the Paris Agreement on Climate Change.
“As the most cost-competitive form of non-emitting generation available today, wind energy will be at the forefront of this effort,” he told delegates Tuesday.
Hornung said Canada can completely decarbonize its electricity system. With its untapped reserves of wind, hydro, solar, geothermal and tide power resources, Canada is better positioned than almost any other country to have a 100 per cent climate-friendly grid.
“If Canada can’t do it, nobody can,” he said at the opening of the three-day conference in Montreal that will feature a speech on Thursday from Natural Resources Minister Jim Carr.
Canada is the world’s eighth largest producer of wind power with almost 12,000 megawatts of production, led by Ontario and Quebec.
The oil producing provinces of Alberta and Saskatchewan are expected to undergo the country’s biggest wind production growth by adding 7,000 megawatts by 2030 as they aim to reduce greenhouse gas emissions.
Because Saskatchewan Premier Brad Wall opposes the carbon tax, many assume he doesn’t want anything to do with renewable energy.
“But that’s not the case. In reality what we’re seeing in Saskatchewan is a very ambitious goal for bringing wind on in the province,” said Evan Wilson, CanWEA’s regional director in charge of Western Canada.
Wind is not ideological, added Jean-Francois Nolet, vice-president of policy and government affairs at CanWEA.
“The main driver for wind and why wind is built is costs, because it’s cheap and reliable,” he said in an interview.
Article by: Ross Marowits, The Canadian Press
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