Green Energy And Economy And Their Relation To Canada
The world’s nations are concerned about the potential end of fossil fuels and the effect this would have on their energy infrastructures. Equally of concern is the economy, both the global economy and the economies of the individual nations. There is broad agreement amongst them that these two concerns – green energy and economy – are intertwined. Amongst the nations looking for solutions is Canada.
In 2008 more money was invested in renewable energy, worldwide, than the total investment in nuclear, coal and natural gas electricity. 148 billion US dollars were invested in green energy projects across the world. This investment trend continues today and it stands to reason then that nations who develop green energy will be in the market for this capital. Canada will need to look to its available resources and needs if it wishes to maintain its strong position in the emerging global market, as most developed nations, especially Canada’s neighbors, are working to attract this money for themselves.
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 have strong potential for solar energy. Right now, little of Canada’s energy comes from solar power. However, there are solar-powered systems across the country set up for non-electric space and water heaters. By 2025, government studies demonstrate five percent of Canadian energy requirements will be filled by solar power.
Canada has stretches of territory that are sparsely populated. Many others are difficult to access and so are off the country’s main energy grid. Photovoltaic cells are used as standalone units to insure that remote communities still have power. PV cells are batteries whose semiconductors directly generate electrical power when exposed to light. The only other option is to use costly standalone diesel fuel systems to power crucial sources such as remote homes, telecommunications equipment and navigational devices.
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.
The impact on the economy is already on display in parts of 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.
British Columbia is turning toward a green economy the creation of which has already produced 117,000 full time jobs and makes up over fifteen billion dollars of the province’s GDP. GLOBE Foundation of Canada has estimated British Columbia’s development of a renewable resource economy will make the province worth over twenty-seven billion dollars in ten years.
However the debate in government and amongst citizens goes, it is clear that Canada has plenty natural energy, has proven skilled at creating energy systems that harvest it and in some provinces has already shown economic growth as a result of developments in green alternative energy and economy.
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.