Canada well-positioned to decarbonize, says wind association president
MONTREAL — Canada is well-positioned to transition to a low-carbon economy as wind and solar projects will be the focus of energy investments over the next two decades, a national wind energy conference was told.
Almost three quarters of new energy capacity investments in the country through 2040 will be for the two renewable energy sources, said Alex Morgan, wind energy analyst at Bloomberg New Energy Finance.
Global investments over the period are expected to exceed US$10 trillion, with wind accounting for US$3.3 trillion and solar US$2.8 trillion for a combined 59 per cent.
Robert Hornung, president of the Canadian Wind Energy Association, said Canada has to use clean electricity as much as possible in all end uses as the country tries to meet the goals of the Paris Agreement on Climate Change.


