Canada Slips in Attractiveness for Renewable Energies

Ottawa, Canada (PressExposure) June 05, 2009 -- Canada has slipped in its global attractiveness for renewable energies due to "the failure of the federal budget to deliver support to existing renewable technologies by not extending the existing ecoENERGY program," according to quarterly indices compiled by Ernst & Young.

Canada dropped to 9th spot from 8th, with a rating of 54 for all renewables, compared with 70 for top-ranked United States and 66 for second-place Germany.

Canada scored 59 for wind (63 for onshore and 45 for offshore), 32 for solar, 46 for biomass, 30 for geothermal and 58 for infrastructure. In the long-term wind index, Canada ranked 7th (static), 9th in near-term wind (down from 6th), 7th in wave & tidal, and 19th in solar (which now includes CSP).

The top ten countries in all renewables are US, Germany, China, India, Spain, Italy, UK and France, with Canada and Portugal tied in 9th spot. Other countries in the top 25 rankings are Ireland, Australia, Greece, Sweden, Netherlands, Poland, Denmark, Belgium, Norway, Brazil, New Zealand, Japan, Turkey, Austria and Finland.

The report also shows that Canada devotes no stimulus funding to renewables, compared with $32 billion in the United States and more than $1 billion each in Italy and Britain. It does allocate $1.5 billion to grid and energy efficiency, which comprises 0.11% of GDP in 2007. By comparison, China dedicated 5.2%, with second-place U.S. at 0.62% and Germany at 0.58%. Italy was 0.20% and France was 0.35%.

The canadian association for renewable energies has provided a daily news analysis of renewable energy trends in the country since 1995. Stories and posted and linked on the association's website, renewables.ca

About Canadian Association For Renewable Energies

we c.a.r.e. is a national association which advocates feasible applications of green power, green fuels and green heat.

Press Release Source: http://PressExposure.com/PR/Canadian_Association_For_Renewable_Energies.html

Press Release Submitted On: June 05, 2009 at 7:40 am
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