Canada Is Developing A Green Economy!

National Economy

The population of the Dominion of Canada is approximately 38.13 million people[1]. In 2019, 100% of the people in this North American country had access to electricity[2].

In 2019, Canada’s economy was ranked 10th in the world in gross domestic product (GDP)[3]. The country’s economy[4] is dependent on the export of crude oil, automobiles, gold, refined petroleum, natural gas, wood, aluminum ore, and fertilizers.

Environment Policies

In 2016, Canada signed the Paris Climate Agreement[5] and committed to a 30% reduction in 2005 greenhouse gas emission by 2030.

In 2017, Canada developed the Clean Technology Data Strategy  which is designed to provide reliable data for the creation of policies and programs to support the adoption of clean technology.

In 2020, Canadian utilities used renewable energy (68.6 %), nuclear power (14.8 %), natural gas (8.9 %), coal (7.1 %), and oil (0.6 %)  to generate electricity[6] in the country. Hydropower is the dominant type of renewable energy used to generate electricity in Canada.

Recent renewable energy projects in Canada include:

  • 1,098 MW Hydropower Project – Canadian electric utility, British Columbia Hydro and Power Authority is continuing work on the Site C Clean Energy Project, located on the Peace River in northeast British Columbia Province. The project is forecast to be commissioned in 2025.
  • 824 MW Hydropower Project In September 2020, the Newfoundland and Labrador provincial energy corporation, Nalcor Energy commissioned the Muskrat Falls hydro project on the Churchill River in Labrador.
  • 695 MW Hydropower Project – In February 2021, Canadian utility, Manitoba Hydro commissioned the Keeyask Generating Station on the Nelson River in northern Manitoba Province.
  • 465 MW Solar Project In June 2021, Danish infrastructure company, CIP and Canadian renewable energy company, Greengate Power commenced work on the Travers Solar project at a site approximately 80 miles southeast of Calgary, Alberta. The project is forecast to be commissioned in 2022.
  • 400 MW Solar Project – Canadian renewable company, Greengate Power is continuing work on the Travers Solar Project at a site approximately 30 miles southeast of Calgary. The project is forecast to be commissioned in 2022.
  • 230 MW Solar Project In September 2021, Canadian renewable energy company, Westbridge Energy Corp announced plans to build the Georgetown Solar project at a site approximately 35 miles southeast of Calgary. Construction is forecast to begin in 2022.
  • 200 MW Wind Project In June 2021, British renewable energy company RES, Cowessess First Nation, and provincial electric utility SaskPower announced plans to build the Bekevar Wind Energy project at a site in southeastern Saskatchewan The project is forecast to be commissioned by year-end 2023.
  • 30 MW Energy Storage Project – Italian utility, Enel is continuing work on ten energy storage projects each with 3 MW capacity in the Province of Ontario. All the projects are scheduled to be commissioned by year-end 2021.

Conclusions

 Oil was first discovered in Canada[7] in 1858 in southern Ontario. The export of oil and natural gas has been a major component of the country’s economy for over 100 years.

In 2019, Canada was the 4th largest oil[8] and 9th largest natural gas[9] exporting country in the world. Canada exports 98% of its oil and natural gas to the United States[10].

In 2019, Canada generated over 80% of its domestic electricity from carbon neutral sources power sources (renewable and nuclear energy) and is on track to meet its Paris Climate Agreement commitment.

Canada and the United States also trade electricity, which provides economic and power grid stability to both countries. In 2019, Canada exported more electricity to the United States than it imported.

Hydropower is the primary source of Canada’s electricity exports to the United States. Canada’s development of new major hydropower project are designed to increase green electricity exports to the United States.

Canadian oil and gas exports to the United States are expected to dramatically decline as the United States aggressively moves to reduce greenhouse gas emissions under President Biden.

Canada’s development of new hydropower projects will provide new sources of green electricity to the United States, while offsetting the economic impact of Canada’s declining oil and gas exports. Canada is developing a green economy!

Jack Kerfoot

Website – “Our Energy Conundrum”

www.jackkerfoot.com

 

[1] Canada Population (2021) –  September 19, 2021, www.worldometers.info

[2] Canada – The World Bank Group

[3] Gross Domestic Product 2019 – World Bank DataBank

[4] The Observatory of Economic Complexity (OEC) – Canada

[5] Carbon Brief “Paris 2015: Tracking Country Climate Pledges”

[6] Our World In Data, Canada:  Energy Country Profile by Hanna Ritchie and Max Roser

[7] Drilling into Canada’s Petroleum History by Chemical Institute of Canada, May 2017

[8] Crude Oil Exports by Country by David Workman

[9] Natural Gas Exports by Country by David Workman

[10] Canada Oil Facts by Government of Canada

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1 thought on “Canada Is Developing A Green Economy!”

  1. Canada is very fortunate to have so much hydroelectric power available, and now if we could just get them to stop sending all their crude oil to us, will be free from pipeline spills.

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