The Canadian Renewable Energy Association (CanREA) has issued an urgent call to Canada’s governments, utilities, regulators and electricity system operators to help meet 2050 net-zero targets.
CanREA, which represents wind energy, solar energy and energy storage solutions companies, has recommended five priority actions to dramatically accelerate the deployment of wind energy, solar energy and energy storage technologies
CanREA’s 2050 Vision outlines five key tasks and 15 immediate actions to enable this pathway to net-zero, which include.
- Decarbonisation of the electricity system by 2035
- Modernisation of electricity markets and regulatory structures
- Diversification and expansion of procurement opportunities
- Prioritisation of efficient use and regional approaches to transmission infrastructure
- Implementation of comprehensive strategies to support increased use of decarbonised electricity and green hydrogen
Robert Hornung, President and CEO of CanREA, said, “Getting to net-zero by 2050 will require Canada to build out wind energy, solar energy and energy storage at an unprecedented scale and speed.”
Iain Watson, MD of National Bank Financial, added, “Just recently, we announced our pledge to join the Net-Zero Banking Alliance as part of a global initiative to accelerate efforts to address climate change.”
Tonja Leach, Executive Director at Quest, noted, “Renewables and energy storage implementation enable local action on a global problem.”
Linda Coady, Executive Director at Pembina Institute, commented, “These measures can help attract jobs, investments and businesses with sustainability goals to Canada.”
Dan Balaban, CEO of Greengate Power Corporation, explained, “The global energy system is transitioning from molecules to clean electrons as our primary source of energy.”