Green Energy Act passes in Ontario!!
The GEA has passed now a lot of little companies might become a lot bigger like Arise Technologies APV.T etc.
Historic energy law: Ontario Green Energy Act passes by significant margin
Posted: 14 May 2009 01:26 AM PDT
Well,just three months after being tabled Ontario's Liberal government hassucceeded in getting its Green Energy and Economy Act passed into law.The bill passed by a vote of 59 in favour and 13 against, and will beeffective immediately after it gets Royal Assent (a rubber stamp).
This,with no exaggeration, is an historic event in North America. The newlaw creates a framework for giving renewable energy and conservationpriority access and consideration in the design and expansion ofOntario's electricity system. It will speed up development bystreamlining regulations and approvals and will draw more players, suchas municipalities, local utilities, community co-ops, and nativegroups, into clean-energy projects. Programs to flow from the GreenEnergy Act, such as a new European-style advanced feed-in tariff aimedat stimulating renewable-energy projects, will make Ontario a majorattraction for investors and will set an example for other provincesand states to follow.
“The Green Energy Act will truly set uson the path to a 21st century green economy for Ontario, one that issustainable, easy on the environment, and focused on the jobs of thefuture,” said Energy and Infrastructure Minister George Smitherman.
Theact has received much praise domestically and abroad. Robert Pollin,co-director of the Political Economy Research Institute at theUniversity of Massachusetts, called the legislation “excellent.”Similar kudos have come from British economist Sir Nicholas Stern andGerman legislator Hermann Scheer.
Stefan Gsanger, secretarygeneral of the World Wind Energy Association, said the law represents“an historic international milestone as the act promises to be the mostadvanced piece of renewable energy legislation in North America.”
It'snot perfect. It has its critics. A lot is left to be proven. But atleast the path has been laid and the work can get started. Time to rollup the sleeves, Ontario.