Electrical grid upgrades are crucial because households need affordable, reliable power and access to clean technologies like electric vehicles and heat pumps.
The relentless technological advances have seen innovations such as solar panels progress from simply heating water for residential swimming pools to utility-scale solar farms.
The world's renewable energy grew at its fastest rate in the past 25 years in 2023, the International Energy Agency reported on Thursday in its first assessment since nations agreed in December on ambitious new targets to slow dangerous climate change.
In addition to the province's economy, Alberta's ban on renewable project approvals is a setback for rural municipalities that need the estimated $28 million in tax revenue.
Banks are using the term "sustainable finance" too broadly and not backing up the claims with data, Investors for Paris Compliance said in its submission Tuesday to the Ontario Securities Commission and the Autorité des marchés financiers of Québec.