Canadian investment in renewable energy up 8 per cent in 2014, sixth in world

A United Nations-sponsored report says Canada remained among the top 10 countries in the world for investment in renewable energy last year.

OTTAWA — A United Nations-sponsored report says Canada remained among the top 10 countries in the world for investment in renewable energy last year.

The annual report released this morning found global investment in renewable energies, not including hydro-electric power, climbed 17 per cent in 2014 to around $270 billion.

The increase marked a global rebound after two years in which renewable energy investment shrank from its all-time high in 2011.

China was the clear colossus at the top of the renewable energy investment heap, with spending increasing 39 per cent over 2013 to a total of more than $83 billion.

The United States and Japan rounded out the top three — each investing more than $35 billion — while Canada placed sixth overall for the second year in a row, with investments of about $8 billion, up eight per cent over 2013.

The report found that, globally, solar and wind energy projects accounted for 92 per cent of all investment in renewables in 2014.

Just Posted

Trudeau says Ottawa open to proposals for B.C. refinery as gas prices soar

VICTORIA — Prime Minister Justin Trudeau says Ottawa is open to proposals… Continue reading

Oil price rises on Mideast tensions, stock markets cautious

BANGKOK — The price of oil rose on Friday after the U.S.… Continue reading

Sexual harassment complaints soaring amid ‘frat boy culture’ in airline industry

Mandalena Lewis was enjoying a layover in Hawaii with her WestJet co-workers… Continue reading

Alta Mental Health Act found unconstitutional after man held for nine months

CALGARY — An Alberta judge has found parts of the province’s Mental… Continue reading

Motorcross riders perform heart-stopping stunts at Red Deer’s Westerner Days

‘I wanted to see how far I could push myself and my machine,’ says rider

Golf Canada’s 2020 Olympic preparations on track with qualifying formula helping

Fifteen years ago, golfers didn’t have to worry about making the Olympics.… Continue reading

Canadian women confirmed for second trip to Rugby League World Cup

TORONTO — Canada has been confirmed as one of eight women’s teams… Continue reading

Tom Cruise surprises Comic-Con with ‘Top Gun’ sequel trailer

SAN DIEGO — Tom Cruise has made an unexpected flyby at San… Continue reading

Warm memories, hit singles: Randy Bachman and Burton Cummings reunite for charity show

TORONTO — Former Guess Who bandmates Randy Bachman and Burton Cummings reunited… Continue reading

Calgary Stampeders bounce back with 26-16 win over Toronto Argonauts

Stampeders 26 Argonauts 16 CALGARY — Juwan Brescacin hauled in a pair… Continue reading

Chris Sale snaps Fenway losing streak, beats Blue Jays 5-0

Red Sox 5 Blue Jays 0 BOSTON — That was a relief.… Continue reading

Critics and industry clash over accuracy of Alberta well cleanup cost estimates

CALGARY — An Alberta coalition that says oil and gas producers are… Continue reading

Rapelling from great heights to grant Red Deer wishes

Twenty brave individuals will rappel 13 storeys down Stantec Executive Place on… Continue reading

Most Read