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Canada invests in geothermal exploration for Yukon

Canada-invests-in-geothermal-exploration-for-Yukon

The Honourable Larry Bagnell, Member of Parliament for Yukon, announced a $2 million plan for the Government of Yukon. Accordingly, this funding will help explore the potential of geothermal energy as a long-term renewable energy source. Mainly, this strategy would be implemented in communities that are currently powered by diesel.

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Further geothermal exploration in Yukon, Canada  

This Thursday, the Honourable Larry Bagnell, Member of Parliament for Yukon, on behalf of the Honourable Seamus O’ReganO’Regan Jr., Canada’sCanada’s Minister of Natural Resources, announced $2 million in funding for the Government of Yukon.

In this regard, it would serve to explore geothermal energy’s potential as a long-term source of renewable energy for communities mainly powered by diesel.

According to an official press release, “Canada is fortunate to have world-leading clean power resources.” Therefore, “one of the most important ways to fight climate change is to harness these resources,” the government added.

For these reasons; “the government of Canada is investing in clean energy projects that will invigorate local economies and curb pollution.”

Therefore, the project will engage Kluane First NationLiard First Nation, and Teslin Tlingit Council to plan and deliver project activities. Furthermore, the project’s goal is to stimulate investments in geothermal energy development in Canada. Consequently, this will ultimately help the country achieve net-zero emissions by 2050.

Led by Yukon Geological Survey, this regional assessment will:

  • First, help fund at least two temperature-gradient wells along the Denali Fault near the Kluane First Nation community of Burwash Landing. In fact, early findings show strong geothermal potential there; and
  • Second, support exploratory work along two additional faults to identify suitable sites for future temperature gradient wells drilling.

Reception and forecasts

Additionally, funding comes from Natural Resources Canada’sCanada’s Emerging Renewables Power Program. Therefore, this is a $200-million program to expand the portfolio of commercially viable renewable energy sources. These will be available to provinces and territories as they work to reduce emissions from their electricity sectors.

Besides, the funding is part of Canada’sCanada’s more than $180-billion Investing in Canada Infrastructure Program. Specifically, for public transit projects, green infrastructure, social infrastructure, trade, and transportation routes Canada’sCanada’s rural and northern communities.

Moreover, as outlined in Canada’sCanada’s strengthened climate plan, A Healthy Environment and a Healthy Economy; thus, making Canada a world leader in clean power is a top priority. Thus, the government will continue to advance renewable energy projects that increase the supply of non-emitting power generation.

“Geothermal will help northern and remote communities use less diesel and more of this new clean energy technology. Hence, we’re working with Yukon and First Nations to get to net-zero by 2050;” said Seamus O’ReganO’Regan Jr, Canada’sCanada’s Minister of Natural Resources

Furthermore, “this project will help improve the understanding of geothermal resources in Yukon and  Canada. Therefore, the Government of Canada will continue to work with provinces and territories to successfully develop these resources;” said Larry Bagnell, Member of Parliament for Yukon

Finally, “the Government of Yukon is pleased to be working with Kluane First Nation, Liard First Nation, and Teslin Tlingit Council to undertake this important work. Indeed, this geothermal energy project fulfills one of the action items in Our Clean Future: A Yukon plan for climate change, energy, and a green economy. Therefore, we are committed to supporting the development of renewable energy, and we appreciate Canada’sCanada’s investment in the project,” concluded Ranj Pillai Yukon’s Minister of Energy, Mines and Resources

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