The Forest Products Association of Canada (FPAC) is giving the Federal government’s EcoENERGY Renewable Initiative …
The Forest Products Association of Canada (FPAC) is giving the Federal government’s EcoENERGY Renewable Initiative two thumbs up.
“The forest products industry is reinventing its energy model and transforming itself from one of Canada’s largest industrial energy users to bring a net source of green power,” said Avrim Lazar, FPAC president and CEO. “Today’s announcement is a step forward in helping us realize our vision of reaching self-sufficiency, cleaner air and more.”
The initiative involves more than $1.5 billion in funding, designed to boost Canada’s renewable energy supplies. A total of $1.48 billion will go to increasing Canada’s supply of clean electricity from renewable sources such as wind, biomass, small hydro and ocean energy, and a ten-year incentive program will be set up to fund eligible projects to be built over the next four years.
The second part of the undertaking involves the investment of more than $35 million in incentives to increase the adoption of clean renewable thermal technologies for water and space heating.
FPAC views the Federal government’s recognition of the potential to be found in renewable energy as a major step for the forest sector, and will go a long way in helping it increase its reliance on alternative energy sources.
“Our industry currently generates 60% of its own energy using green, renewable fuels and there is a tremendous amount of new technology in the works that points to the potential increase in that number to 100%. The EcoENERGY Renewable Initiative recognizes the tremendous potential of biomass as a green energy source that can contribute to toward meeting climate change and clean air objectives.”
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