Almost $1 in every $8 of new spending in the federal budget anticipates targets clean energy technologies
OTTAWA — Clean electricity was one of the stars of Tuesday's federal budget, with almost $1 in every $8 of new spending the budget anticipates in the next five years targeting Canada's electricity dreams.
The only way to do all of that is to make a lot more power, and make more of it come from renewables. The country is already getting off coal, the most emissions-intensive source of electricity. Ontario eliminated coal in 2014, and by 2030, Canada's regulations require all coal power plants to be closed or abated with carbon capture and storage technology.
Renewables are already growing quickly. In 2010, wind made up less than one per cent of the total power that was generated. The Canada Energy Regulator predicts that by 2050, wind will make up almost one-fifth of the country's total electricity production.In the 19th century, it was a national railroad. In the 20th, it was a national highway.
Electricity Canada's recent report on the "state of the Canadian electricity industry" in 2023, says the federal government alone has more than 90 different regulations affecting electricity, from greenhouse gas policies and fisheries and migratory birds. But it is getting cheaper to build renewable power. Unlike a coal, gas or nuclear plant, which all have to buy input fuels to make electricity, solar and wind farms source their power for free, so the costs have more to do with construction and maintenance.
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