The conversation surrounding achieving the climate goals laid out in Paris of limiting a temperature increase to 1.5 degrees Celsius was echoed again this year in Morocco. Environment and Climate Change Minister Catherine McKenna announced at COP22 that the federal government will invest billions into greening the world’s energy sector in the hopes of meeting the global climate targets.
“We are renewing our support to developing countries as part of our historic $2.65-billion commitment,” stated McKenna. “I am pleased to announce that Canada will invest nearly $1.8 billion to significantly leverage private-sector investment focused on clean and renewable energy solutions. Our efforts will help reduce investment risks and stimulate private investment in emerging markets.”
The minister’s announcement comes at the same time that the Government of Canada released their Canada’s Mid-Century Long-Term, Low-Greenhouse Gas Development Strategy report. The report, which outlines various scenarios of a cleaner energy future, highlighted the role nuclear power has played in contributing to a greener energy system.
“Canada already has one of the cleanest electricity systems in the world, with more than 80% of electricity generated from sources that do not produce greenhouse gas emissions such as hydro, wind, solar and nuclear power,” the report explained.
In fact, clean nuclear power supplies almost 2/3 of Ontario’s electricity. In 2016, announcements were made by both Ontario Power Generation (OPG) and Bruce Power of a joint partnership between government and industry to continue this relationship through the refurbishment of the province’s nuclear reactors. This multi-year investment will meet Ontario’s energy needs in a sustainable way while contributing millions of dollars in jobs and investment to Canada’s largest province.
Download 2017 Canadian Nuclear Factbook here.
Canadian Nuclear Association – 2017
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