Global Investment in Renewable Energy: Canada

Next on our list of countries with the largest reported investments in renewable energy in 2010 is Canada

                               

Canada benefits from a wealth of renewable energy sources. The country possesses vast and varied natural resources including massive supplies of water, solar, wind and biomass – the raw materials to produce green energy. Canada has one-fifth of the world's fresh water and is surrounded by three oceans, providing nearly endless water resources.

Policies

Canada's energy policy is guided by a series of principles, agreements and accords. Some principles of energy policy are:

A market orientation – Markets are the most efficient means of determining supply, demand, prices and trade while ensuring an efficient, competitive and innovative energy system that is responsive to Canada's energy needs.

Respect for jurisdictional authority and the role of the provinces – Provincial governments are the direct managers of most of Canada's resources and have responsibilities for resource management within their borders.

(More info available at Natural Resources Canada)

Motives

Click for more details.

Low-impact renewable energy sources can diversify Canada’s energy supplies in a decentralized and distributed manner that would provide enhanced energy security.

History has shown that diversified energy supply speeds recovery from such catastrophic events as the Montreal Ice Storm and the blackout of August 14, 2003.

Renewable Energy Availability

One of the world’s biggest producer of hydropower, generating 353 terawatt-hours per year, and exports 60% of its electricity.

Access to more biomass resources, per capita, than any other country in the world.

Canada’s wind energy sector grew at an unprecedented rate of 51% between 2000 and 2006.

See our Blog Archive for the other countries on our list.

Stay tuned for more countries coming up!

Thank you for taking the time to learn more about renewable energy - Knowledge Is Power! For more information go to www.endeavorscorp.com or write to us at info@endeavorscorp.com if you have questions or want to get involved. Have a green day!

Sources: Invest In Canada, NRCan, Clean Air, Invest In Canada, Bloomberg New Energy Finance and United Nations Environment Programme (2011)