The federal minister discusses the new Generation Energy report, the merits of a federal program for high-risk emerging renewables, and what to expect at next month's natural resources ministers' meeting.
Why is there no federal program to help business, homeowners and institutions— basically anyone with a roof—install solar panels? Where are the innovations to develop stored water systems for renewable energy storage across Canada? Why do we continue to act as though we have all the time in the world?
Canada needs to take these messages from abroad to heart. Like the U.K., we need to walk the walk and make serious investments in the transition to renewables and the electrification of our transport systems.
If Canada plunges whole-heartedly for renewables that remain high-priced while the U.S. embraces low-cost oil and gas, we will suffer a loss of competitiveness that reduces our economic growth while the U.S. pulls away.
The answer is to make the transition to a low-carbon world, one where we replace fossil fuels with other sources of energy, such as hydropower, nuclear power, and the new technologies of solar, wind, and hydrogen. The problem is that this will require massive investment.