Canada’s investment in Clean Energy decreased in 2015

Clean Energy Canada released the 2016 edition of its Tracking the Energy Revolution: Global Survey  on February 29, subtitled: A Year for the Record Books because 2015 was the first year in which more money was invested in clean energy in developing countries than in developed ones.  Further, investment in renewable power totalled a record US$367 billion, a 7%  increase over 2014.  More than half of that amount was invested in China, the United States and Japan.  For specific examples of U.S. progress, read  the White House briefing, America is Building a Clean-Energy Economy with Unprecedented Momentum  , which summarizes the accomplishments of the U.S.  Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E)  in promoting clean energy investment and research.

At a total investment of $4 billion, Canada ranked 8th globally in the Clean Energy survey – and investment decreased by 46%.  Yet  consider the projections of the Solutions Project , led by Marc Jacobsen at Stanford University, which has developed plans for 100 percent renewable energy for 139 countries around the world, including all U.S. states and Canada .

Also of interest, the International Energy Agency released its review of Canada’s energy policies , on March 3 – the first update since 2009. It states that Canada was the fifth-largest crude oil and fourth-largest natural gas producer in the world in 2014; in 2014, the energy sector contributed 10 per cent of gross domestic product, employed about 280,000 people and accounted for about 30 per cent of Canada’s exports.

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