TORONTO, Feb. 19 /CNW/ - A careful review of Canadian government
renewable energy programs reveals some clear winners when it comes to the
cost-effective use of taxpayers' money, according to a study released today by
the C.D. Howe Institute. In "Going Green for Less: Cost-Effective Alternative
Energy Sources," authors Roger A. Samson and Stephanie Bailey Stamler conclude
that the lowest-cost government incentive programs are those for renewable
heat and power technologies, such as wind power, and solar air and hot-water
The authors review the efficacy of the entire portfolio of federal and
provincial renewable energy incentive programs - with respect to major liquid
biofuels, renewable power, and renewable heat options - to determine their
cost effectiveness in reducing emissions of greenhouse gases (GHGs).
The lowest-cost government incentive programs identified are for
renewable heat and power technologies such as wind power, solar air and hot
water heating, and biomass pellet heating, as well as energy retrofitting
strategies. For these programs, mitigation could be realized at $10-to-$60 of
government subsidy per tonne of carbon dioxide equivalent (CO2e) offset. In
contrast, they find the most expensive government incentives to be liquid
biofuels, which range from $295-to-$430/tonne of CO2e for ethanol to
$122-to-$175/tonne of CO2e for biodiesel.
The authors recommend a redirection of federal funds towards more
cost-effective carbon mitigation approaches. They propose a "carbon bounty"
that could be applied equitably across all renewable energy technologies and
reward those that are most cost efficient.
For the study click here: http://www.cdhowe.org/pdf/commentary_282.pdf
For further information:
For further information: Ben Dachis, Policy Analyst, C.D. Howe
Institute, (416) 865-1904, Email:email@example.com; Roger Samson, Executive
Director, REAP-Canada, (514) 398-7743