New IEA report on Canada’s energy policy recognizes integral role of hydro in achieving net-zero goals

Ottawa, Ontario, January 18, 2022 – WaterPower Canada applauds the release of Canada 2022: Energy Policy Review – a new report by the International Energy Agency (IEA).

While providing a comprehensive assessment of energy and energy policy in Canada, the Review recognizes the central role that the hydropower sector must play to achieve the federal government’s goals of 90% non-emitting electricity by 2030, and net zero by 2035. The Review states that:

  • “Canada already has one of the cleanest electricity systems in the world (led by hydropower), with over 83% of production from non-emitting sources, and aims to increase that to 90% by 2030. Early actions, like the federal commitment to phase out traditional coal power across the country by 2030 and new hydro projects, will help to meet this goal.”

 

  • “The dominant role that hydroelectricity plays in several Canadian provinces, along with the fact that many hydro projects in Canada are large and have sizeable reservoirs, will also significantly assist with the integration of variable generation, as wind and solar generation are poised for growth.”

 

  • “Canada also identifies a significant opportunity to leverage regional advantages to increase the penetration of both hydro and variable renewables through the buildout of interprovincial interconnections. Strengthening interprovincial connectivity offers considerable upside to allow fossil fuel-dependent provinces to decarbonise and electrify their economies.”

 

Quote

“It is encouraging to see a reputable agency, such as the IEA, recognize the cornerstone role that hydropower plays in our electricity mix today, and its potential for the future. Their newly released report underlines the urgency to streamline and fast-track renewable hydropower projects. The hydropower industry currently provides clean and renewable energy to more than 20 million Canadians and could still double the output by harnessing our enviable untapped waterpower potential. It simply makes sense for Canada’s largest renewable energy sector to continue to play a leading role in the energy transition, and we are ready to act now,” said Anne-Raphaëlle Audouin, President & CEO, WaterPower Canada.

 

Quick Facts

 

-30-

 

About WaterPower Canada (WPC)

Founded in 1998, WaterPower Canada (WPC) is the national, not-for-profit trade association dedicated to representing the waterpower industry. Its many members span the breadth of the sector and include hydropower producers, manufacturers, developers, engineering firms and other organizations. WaterPower Canada members represent more than 95% of the waterpower installed capacity in Canada, advocating for the responsible development and use of waterpower to meet our present and future electricity needs in a sustainable manner.

Follow us on Twitter and LinkedIn. Subscribe to our newsletter. Become a member. Learn more at waterpowercanada.ca.

For more information or for interview opportunities, please contact:

Anastasia Smolentseva, Director of Communications

WaterPower Canada

613-857-3359

anastasia@waterpowercanada.ca

National Conference2024 Canadian Waterpower Week

September 25-27, 2024 | The Westin Ottawa

This must attend event will bring together key decision makers, industry experts, policy and business influencers and offer opportunities to come together for an intensive, highly collaborative exploration of new technologies, best practices, and pressing issues, all to enable a collective change.

Popup content