Canadian Hydropower Association

Canadian Hydropower Association

September 28, 2010 09:30 ET

Canadian Hydropower Association Welcomes Upcoming Federal Electricity Regulations as Positive Step Toward Greenhouse Gas Reductions

Canada Well Placed to Tackle Climate Change Thanks to Considerable Hydropower Resources

OTTAWA, ONTARIO--(Marketwire - Sept. 28, 2010) -

Attention News/Assignment Editors

Canada is uniquely well placed to tackle climate change, said Canadian Hydropower Association President Jacob Irving, addressing a gathering of business leaders this morning at a conference hosted by the Canadian Chamber of Commerce and the Energy Policy Institute of Canada.

In his talk, Jacob Irving emphasized the role that hydropower, the leading source of clean and renewable energy, can play in meeting Canada's needs in the electricity and transportation sectors, while reducing greenhouse gas emissions and air pollutants.

"Hydropower allows us to significantly reduce greenhouse gases in the electricity sector. A lesser known fact is that it is also an excellent solution for cutting emissions in the transportation sector," he declared. "While some cities already benefit from electric trains and streetcars, the commercialization of electric vehicles presents a significant opportunity. The use of the electric car, combined with hydropower, could substantially reduce transport-related carbon emissions – one of Canada's largest sources of emissions."

Today, hydropower generates 60% of Canada's electricity. The untapped potential, spread across the country, is more than double the current capacity. As Canada's main source of electricity, hydropower is crucial to our economy. It helps create and maintain high quality, valued-added jobs and major investments, and generates considerable electricity revenues. Over the next decade, the hydropower industry is expected to invest over $50 billion and create more than 150,000 jobs.

"Thanks to hydropower, Canada benefits from one of the best and cleanest electricity systems in the world. We can count on an energy source that is not only renewable and abundant, but also affordable and efficient. The very reliability of this source of energy contributes to a highly competitive industry and generates a high standard of living," added Irving.

The Government of Canada announced last June that regulations of emissions from coal-fired electricity generation would be forthcoming. The Government also took action in the transportation sector with a mandatory average 5% renewable fuel content in gasoline to reduce emissions from passenger vehicles. The Canadian Hydropower Association supports these initiatives as positive steps to addressing climate change and reducing greenhouse gases emissions.

In the longer term, moving towards a more sustainable economy will require policies that facilitate a large scale increase of investments in renewable power generation. Such policies should include carbon emissions pricing and improvements of the regulatory process for the review and approval of renewable energy projects.

Canadian Hydropower Association

Founded in 1998, the Canadian Hydropower Association (CHA) is the national association dedicated to representing the interests of the hydropower industry. Its principal mandate is to promote hydropower nationally and internationally as a source of renewable energy, to make the economic and environmental advantages of hydropower better known, and to publicize the benefits of hydropower in the search for sustainable energy solutions. CHA members represent more than 95% of the hydropower capacity in Canada. Over 60% of Canada's electricity comes from hydropower. www.canhydropower.org

Source : Canadian Hydropower Association

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