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Follow on Google News | Oil Price to Have Minuscule Impact on Growth of Renewables in CanadaCanada’s below-average growth of green power will not be affected by the future price of oil, according to forecasts from the US Department of Energy.
By comparison, green power capacity in the United States will grow from 124 GW in 2005 to 205.4 GW in 2035 (growth rate of 1.4%) but will reach 201.6 GW if oil prices are low (1.3%) and 209.5 GW if oil prices are high (1.5%) by 2035. “The good news is that Canada’ “Another concern is that Canada’ The EIA report shows that all OECD countries will expand their total capacity of green power from 536 to 1,022 GW over the 30 years (1.9%, 1.9%, 2% respective growth rates) while the world will increase from 990 to 2,372 GW (2.7%, 2.5%, 2.8%) over the period. “As usual, our major concern is that most of the attention is going to the future of electricity, while very little priority is being given to thermal applications and the potential for GreenHeat,” End
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