Posts Tagged ‘alternative energy’
Important Considerations About Green Energy And Economy For Canada
The global economic crisis has the world community working to improve their economies and as they do so they must keep an eye to the global economy if they wish their economy to truly thrive after recovery. In tandem with the economic crash another crisis looms – that of dwindling fossil energy sources and climate change. Many nations and groups see renewable – “green” – energy and the industries built around it as a solution to economic depression; in other words, green energy and economy. Canada, in particular, is one of these nations.
Total global investment in renewable energy, in 2008, was greater than all combined investment in nuclear, natural gas and coal electricity. Renewable energy initiatives attracted almost US$148 billion worldwide. Nations that work to create renewable energy solutions will attract the bulk of this money. Therefore, if it wishes to remain globally competitive in this new world market, Canada needs to present itself as an attractive market in order to win these investments and prevent them going elsewhere, most likely the United States.
For instance, the US has just invested almost 14 times as much money in green energy than Canada did in last year’s Federal budget.
Another cause for concern and research and development in renewable energy is the need to reduce carbon emissions in order to halt or slow climate change. The International Energy Agency calculates that the nations of the Major Economies Forum need to spend three to six times more per year than they are currently if they wish to reach their goal of fifty percent reduction in emissions from 2005 levels by 2050.
A notable initiative toward that end is the development of procedures and technologies for carbon capture and storage. Canada has put itself forward as an innovator in this area of research and development and has committed some considerable amounts of money toward this end. But nations who are not yet fully sold on the necessity of curbing carbon emissions such as Australia and the USA still spend hundreds of millions more than the nineteen million spent by Canada.
Right now Canada has a strong head start from which to develop an renewable energy economy and infrastructure. The majority of Canada’s electricity is generated by hydroelectric dams. In Quebec, Labrador, Yukon and Manitoba nearly all electricity is hydroelectric.
It is noted that Ontario, Quebec and the Prairies region of Canada are regions with strong potential for solar power. Canada does not yet use much solar energy to produce electricity, though its government has produced studies showing this could change by 2025, with solar power providing 5 percent of electricity by then. Canada does use solar power more regularly for heating buildings and water as well as drying lumber and crops.
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 electricity, 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.
As for wind power, ninety-nine wind farms already give Canada 1.1 percent of its electricity. Per the Canadian Wind Energy Association, this can increase to 55,000 MW in fifteen years and provide for twenty percent of Canadian electric power.
At the provincial level, some parts of Canada are already demonstrating the economy of renewable resources. Ontario recently passed the Green Energy and Green Economy Act of 2009. To give just one example of what the bill provides for, it will offer low- or no-interest loans to homeowners to purchase and install solar panels or other generators of renewable energy.
Further west, in British Columbia, the push to change to a green economy has produced 117,000 full time jobs and contributed fifteen billion dollars to the province’s GDP. Per the GLOBE Foundation of Canada, this initiative may be worth over twenty-seven billion dollars by 2020.
A great number of countries and markets are committing to a green market and economy. Canada demonstrates it has the resources and ability to do so as well.
Solar Power devices, green energy sources like the field of science is around every day. The children learn with fun optical equipment, telescopes and science lab equipment.
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