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sustainaBle DEvELOPMENT

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.

QUÉBEC’s COMMITMENT

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

ECONOMy

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