2014-01-09 06:28:01 - Canada Renewables Report Q1 2014 - a new market research report on companiesandmarkets.com
Our outlook for the Canadian renewables industry remains largely the same this quarter; however, we have slightly revised down our wind power forecasts to align more closely with released data from the Canadian Wind Energy Association (CanWEA). Canada certainly has substantial natural potential for renewable energy development, but the lack of a national policy framework or subsidy scheme for renewables is likely to hinder the industry reaching its full potential.
Although coal and hydropower remain fundamental sources of power for Canada, the Canadian government aim to incorporate greater levels of renewables into the energy mix in order to reduce carbon emissions (reducing greenhouse gas emissions by 17% by 2020, from 2005 levels.
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