Canada’s Renewable Energy Future – Pathway to Low Carbon Economy
From its review of a wide range of low-carbon fuel and electricity sources, the Trottier Energy Futures Project concludes that:
- The potential supply of renewable energy in Canada is much larger than the current or forecast demand for fuel and electricity, and it can be developed by 2050 with technologies that are already known and available.
- The cost of renewable energy has been falling in recent years, and promises to fall even further as the world intensifies its focus on clean energy options. Through greater reliance on renewables and greater energy efficiency, Canada can move toward an economic, low-carbon energy future.
- Canada’s most affordable, environmentally sustainable energy path to 2050 will depend on a mix of renewable technologies that vary by region and are often located closer to the point of energy use.
- Canada’s principal low-carbon energy resources include:
- Electricity from large and small hydro, solar and wind
- Liquid fuels from biomass
- Longer-term potential in geothermal, wave and tidal energy
- Uranium resources that are very large relative to domestic requirements.
- An 80 per cent reduction in Canada’s energy-related greenhouse gas emissions by 2050 will depend on an integrated energy system that combines individual technologies to deliver affordable, reliable, sustainable energy services. The “smart” electricity grid of the future will use information technologies to balance a wider range of supply sources, energy storage, interprovincial transfers of electricity and a wide variety of energy management and efficiency tools.
- Even with a much larger role for electricity in the energy system, up to half of Canada’s energy demand would still be met by liquid fuels. A low-carbon future could mean a five- to seven-fold increase in the use of biomass for energy, and the Trottier Energy Futures Project is studying the significant implications for the use of forest, agricultural and other productive lands, and for the industries and communities that depend on them.
An Inventory of Low-Carbon Energy for Canada is the second research report released by the Trottier Energy Futures Project. Low-Carbon Energy Futures: A Review of National Scenarios was published in January 2013.
The ‘Renewables and the Changing Energy Landscape’ will be a major topic at GLOBE 2014, the next in the celebrated GLOBE Series Conferences on the business of the environment taking place in Vancouver Canada, March 26-28, 2014. Reserve your place now. Check here for more details.