NEw ENERgy sOURCEs
With hydro-electricity and wind power, Québec is focusing on renewable energy to keep Quebecers supplied with electricity.
By the end of 2013, Hydro-Québec expects to have 3 500 MW of wind power, which accounts for over 7% of the wind power currently installed throughout the world.
Besides the development of hydro-electricity and wind power, Hydro-Québec is also looking at other forms of renewable energy, such as biomass, geothermal and solar, and their adoption in a self-generation context.
In 1992, the Québec government joined effort to GHG emissions by subscribing on to the Framework Convention on Climate Change.
the planetary United Nations
Québec has one of the best GHG records in North America. On a per capita basis, Quebecers produce roughly 12 tonnes of GHG, nearly half the Canadian average, and equivalent to the average for European countries.
In 2005, Montréal hosted the United Nations Climate Change Conference, the largest conference on climate since the gathering in Kyoto in 1997.
NATURAL REsOURCEs: REMARkABLE ABUNDANCE
Québec stands out for the abundance and variety of its natural resources, making it a major global player.
Québec’s forests are immense:
they cover almost half the territory, the equivalent of Sweden and Norway combined;
the wood products and pulp and paper industries account for 16% of the value-added in Québec’s manufacturing sector;
Québec is the world’s largest exporter of newsprint.
In May 2006, the Québec government presented its energy strategy for 2006-2015. Among the orientations included are:
Resuming and accelerating the pace of development of our hydroelectric potential with the implementation of new projects totalling 4 500 MW.
Developing wind power, an energy source for the future. 10% of installed power will come from wind power.
Using energy more efficiently. Québec expects $2.5 billion in annual savings on its energy bill by 2015.
Québec’s mining wealth is recognized the world over:
Québec ranked sixth among the most explored countries in 2004. More than 65% of exploration budgets are allocated to diamond and precious metals exploration;
Québec is the second largest magnesium producer and the fourth largest aluminium producer in the world.
Fresh water covers 10% of Québec’s territory, constituting one of the world’s largest reservoirs of fresh water.
COMPANIEs ThAT CARE FOR ThE ENvIRONMENT
Some fifty companies and associations offer solutions to reduce greenhouse gas (GHG) emissions in the transportation, energy, agriculture, building and industry sectors. They include:
CO2 Solutions, an environmental biotechnology company, has developed a process for converting carbon dioxide into an
environmentally benign substance.
Norsk Hydro Canada achieved remarkable results in 2005. Its process reduces the intensity of its emissions by 98.5%. An
exceptional performance that blazes the trail for other magnesium producers.
ECONOMIC AND FINANCIAL PROFILE OF QUÉBEC