CanGEA Chair, Alison Thompson, is set to speak at the Inventures Event, in Calgary, AB, at 3:45 PM on June 2nd, 2022. She will speak alongside Alberta Innovates's Director of Renewable and Alternative Energy, Vanessa White. The "Bringing the Heat: The Role of Geothermal in Attaining Net-Zero Emissions" segment is described as "Building on Alberta's prolific expertise in subsurface development to access oil and gas resources, forward-thinking energy companies explore geothermal resource development."
Inventures will take place between June 1st to 3rd, 2022 and is for: investors; entrepreneurs; research, academics and thought leaders; and business, investment and professional service providers.
You can learn more and register for the event here.
CanGEa comments on 2022 Budget
On April 7, 2022, the Federal Government released their 2022 Budget. Within the Budget, there was no direct mention of support for Canada’s geothermal industry. However, many programs used by the geothermal industry have been recapitalized, which is welcome news! CanGEA will continue to advocate for geothermal-specific funding opportunities and greater recognition at the Federal level for the industry.
The 2030 Emissions Reduction Plan details the actions that are already driving significant climate reductions. The new measures will ensure that Canada reduces emissions across the entire economy to reach its emissions reduction target of 40 to 45 percent below 2005 levels by 2030 and put us on a path to achieve net-zero emissions by 2050. This Plan is designed to be a comprehensive roadmap that reflects levels of ambition to guide emissions reduction efforts in each sector.
This Plan has recapitalized two key programs that the geothermal industry uses:
The 2030 Emissions Reduction Plan supports fuel switching and retrofits for building heating and cooling. CanGEA supports this Plan an its efforts in playing an instrumental role in the continuation to diversify Canada’s energy mix.
Click here to learn more.