Ottawa, Canada, June 27, 2013 --(PR.com
)-- Canada’s growth rate in the generation of electricity from renewable energy sources will remain well below US and world growth rates to 2018, which concerns the country's major association for renewable energy applications.
The installed capacity of wind turbines, solar panels, hydroelectric dams and other green power facilities across Canada will grow from 86 GW (gigawatt) in 2012 to 108 GW in 2018, representing an annual growth rate (CAGR) of 3.9%, according to the International Energy Agency. By comparison, the US will grow at 5.1% per year (184 to 247 GW) while all OECD nations grow at 5.3% CAGR (793 to 1,081 GW) and global growth is 6.9% (1,579 to 2,351 GW).
In terms of output from green power options, Canada will increase 2.3% per year (403 to 462 TWh) while the US grows 4.4% (537 to 695 TWh) and the world CAGR will be 5.9% (4,862 to 6,851 TWh) to 2018.
“International data have shown that Canada’s share of renewable energy as a percentage of all energy used, has been declining for the past 20 years,” notes Bill Eggertson of the canadian association for renewable energies. “Although Canada is growing our capacity of green power, IEA predicts that we are one of the slowest-growing countries in the world.”
The report, 'Medium-Term Renewable Energy Market Report,' predicts that Canada will expand its production of green fuel from biodiesel by 12.6% CAGR, well ahead of the 4.8% in the US and the 5% global growth. The report does not address the potential for GreenHeat technologies which use renewable energies for space conditioning and water heating.
"Our GreenHeat Partnership shows that more greenhouse gas is emitted from space heating and cooling applications in Canada, than from most electricity generation, and it is unfortunate that governments are not more supportive of GreenHeat from geothermal heat pumps, solar thermal collectors and biomass heating systems," adds Eggertson. “The European Union has attempted to legislate levels for renewable heating but, earlier this year, admitted that the heating and cooling sector has experienced slow growth since 2005 and that the share of GreenHeat may actually decline in coming years.”
“The world must take all action to reduce the carbon footprint of electricity but, without more work on increasing the potential for GreenHeat technologies, we will be hard-pressed to address our energy and climate issues properly,” says Eggertson.