Articles filed under Taxes & Subsidies from Canada
Federal policy is one of the current challenges to the industry, says Hornung. Funds in the federal Wind Power Production Incentive program (WPPI), which has subsidized a portion of the cost of establishing wind farms since 2001, have been frozen since April as the Conservative government hammers out its energy and environmental policies. Developers across the country are committed to start projects after winning competitive power supply contracts based on bids in which the WPPI funds were calculated as part of projected revenues. "The economics of the projects change completely without those funds," says Hornung.
Nova Scotia’s first wind farm developer is a fan of the Tories’ proposed legislation on wind turbine taxation. “Wind energy has a lot of potential in Nova Scotia,” Charles Demond, president of Pubnico Point Wind Farm Inc., said Monday at Province House. “The bill provides certainty for wind developers and, in our view, a very healthy, . . . very attractive stream of revenue in the municipalities where they are developing . . . wind power.” He said his 30.6-megawatt operation was facing a $450,000 tax bill before this legislation. It had launched an appeal and, if successful, the bill would have been reduced to around $75,000.
WINNIPEG -- Canada's wind energy industry added 534 megawatts of new production capacity in 2006, ahead of a previous record of 240 MW set in 2005, the Canadian Wind Energy Association said Monday, while warning that the federal government's lack of policy direction on new funding could delay more development.
Green consumers and businesses who want to neutralise their carbon emissions face being ripped off by unscrupulous operators who exploit the growing market in carbon offset schemes, a Guardian investigation has revealed. The surge in interest in such schemes, which invest millions of pounds in forestry and clean energy projects in the developing world, has created a lucrative market in carbon, which is unregulated and subject to little scrutiny. Campaigners and analysts say independent standards are urgently needed to protect consumers and to ensure the promised carbon savings are delivered. Francis Sullivan, a carbon offset expert who led attempts by banking group HSBC to neutralise its emissions, said: “There will be individuals and companies out there who think they’re doing the right thing but they’re not. I am sure that people are buying offsets in this unregulated market that are not credible. I am sure there are people buying nothing more than hot air.”
Carbon offset schemes are designed to neutralise the effects of the carbon dioxide our activities produce by investing in projects that cut emissions elsewhere. They work through the rapidly growing trade in carbon credits, each worth the equivalent of a tonne of carbon. Offset companies typically buy carbon credits from projects that plant trees or encourage a switch from fossil fuels to renewable energy. They sell credits to individuals and companies who want to go "carbon neutral". Some climate experts say offsets are dangerous because they dissuade people from changing their behaviour.
Canadians would see their hydro and natural-gas bills spike dramatically should the three opposition parties succeed in forcing the government to comply with Kyoto, Environment Minister Rona Ambrose warned Thursday. Ms. Ambrose was appearing before the Commons environment committee for the first time since she was sworn in to Prime Minister Stephen Harper’s cabinet in February. Though she outlined the broad direction of her fall environmental plan and gave a few more hints as to where the government is headed, opposition MPs left frustrated that she did not provide any new information.
David Eggen's green energy bill was born and died in one short afternoon in the legislature last week, but he's hoping it will be resurrected one day soon....... He said the change - known as net metering - only requires a simple amendment to allow Albertans to run their electricity meters backwards when they generate more electricity than they use.
The association, which has about 40 members, has written Premier Rodney MacDonald and asked the government to implement the contracts, which establish cost-based fee schedules to be paid by utilities to renewable energy suppliers.
New Brunswick Power says it’s taking a "prudent" approach to adding wind power to its energy mix but expects to meet the province’s target of having one-third of its energy come from renewable sources.
Lucknow Sentinel — Bruce County wants an end to preferential tax assessment for wind turbines.
Millions pledged by Liberals off the table
Ontario Premier Dalton McGuinty's program to buy electricity from small renewable generators, which was announced March 21 in Cambridge, will sock Ontario consumers with such excessive costs it will make even nuclear power appear cost-effective.
By paying too much, the Ontario government is encouraging inefficient power production in a way that will give renewable energy a black eye with consumers.
Organizations behind the development of North America's first urban wind turbine have applauded the provincial government's announcement on Standard Offer Contracts (SOC).
Whether produced by the elements or from cattle's backsides, more "wind" will soon be harnessed to heat and light Ontario homes.
CAMBRIDGE, Ont. -- Ontario is fixing prices for green power generated by small renewable energy projects.
The minimum price guarantee will apply until the province meets its target of 15 per cent of electricity generated from renewable sources.
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