Canadian government makes considerable tidal power commitment investmentOctober 8, 2020
The move is meant to strengthen the country’s clean energy future, economy, and boost jobs.
The Government of Canada has announced a tidal power commitment investment for a future with more clean energy. The purpose of this strategy is to support the natural resource sectors, strengthen the country’s economy, and create solid employment.
This investment has greater importance than initially intended as the country copes with the pandemic.
The tidal power commitment was initially mean to be an investment into the country’s green energy future. This would include natural resources and jobs. That said, it is now intended to play a role in the plans for the Canadian recovery from the COVID-19 crisis.
The government announced a CAD$9.4 million investment into four different projects that will focus on bringing clean energy technology to the country’s Atlantic region and support the nation’s green power future. The announcement was made by the Honorable Bernadette Jordan, Minister of Fisheries, Oceans and the Canadian Coast Guard, on behalf of the Honorable Seamus O’Regan, Minister of Natural Resources, along with Lenore Zann, Member of Parliament for Cumberland-Colchester.
Canada views its tidal energy commitment as having substantial potential for reducing greenhouse gas emissions.
The country seeks to decrease its greenhouse gas (GHG) emissions while also improving local air quality by taking steps to replace fossil fuel generated electricity with greener options. The announcement was made following a Fundy Ocean Research Centre for Energy facility tour in Parrsboro, Nova Scotia.
Among the government’s investments are:
- CAD$4 million to Nova Innovation for a tidal turbine array construction
- CAD$1.58 million to the partnership between the University of Manitoba and SOAR – Sustainable Oceans Applied Research – for river hydrokinetic and in-stream tidal energy technology advancement addressing unique Canadian requirements
- CAD$2 million to the Offshore Energy Research Association of Nova Scotia to examine an environmental impact monitoring solution for the Canadian instream tidal energy industry
- CAD$2 million to the Fundy Ocean Research Centre for Energy to create a plan to assess a fish encounter risk with tidal devices and to develop a tool for supporting the regulatory authorization process for tidal power commitment projects.