Renewable energies have been “infant” industries wherever and whenever they started.
New industries prosper best if the legal framework is supportive and stable. The development of wind energy in Germany is an example where imperative steps in legislation over the years had a tremendous impact on the growth of the industry.
Recently, the Canadian provinces Ontario, Quebec, New Brunswick and British Columbia have started or will originate initiatives towards a stable and supportive regulatory environment for renewable energies.
The first positive developments can be seen in the growth patterns of installed capacity. Last year, 950 MW were added to the Canadian grid; the strongest year so far. However, a huge potential is still to be harvested. Canada’s land mass is 27 times larger than Germany’s; Ontario alone with a similar legislation has a landmass three times bigger and with similar or even better wind capacities.
A favourable legal framework is a good start and a precondition, but is not sufficient for a prospering renewable energies industry. Transmission capacity, financing, local expertise are also very important, but useless if the political environment is not stable.
When the wind of change blows there are always some who start building walls …others start building wind farms
Ingo studied business administration and economics at Kiel University where he received a PhD in economic policy and also earned an MBA from the University of Southern California in Los Angeles, USA. Visit www.koenigconsultants.ca