Madam Speaker, allow me to shine the light of reality on the real and significant extent to which the Government of Canada is supporting the full spectrum of Canada's diverse energy sector.
This government is putting into action a balanced set of initiatives that are delivering tangible benefits for Canadians by increasing our competitiveness, creating jobs and improving our air quality and the environment.
I should not need to remind the House that Canada is blessed with unparalleled economic advantages and resources. This government recognizes its responsibilities to leverage those advantages to secure Canada's place as a clean energy superpower and a leader in green job creation. We lead the world in clean electricity generation and will continue to do so.
Canada's electricity supply mix is already one of the cleanest in the world and we plan on making it even better through regulation. That is why we have set the goal of providing 90% of Canada's electricity needs by non-emitting sources such as hydro, nuclear, solar or wind power by 2020.
We are making the investments to make that happen. Natural Resources Canada is investing over $7 billion in clean energy through initiatives such as our eco-energy programs, the clean energy fund and Sustainable Development Technology Canada.
On renewable energy investments, budget 2010 announced $100 million over the next four years to establish a next generation renewable power initiative that will support clean energy technologies in the forest sector. That is good news for my home province of British Columbia and all forestry regions.
Our initiatives and our investments are helping Canadians use energy more efficiently, boost renewable energy supplies and develop cleaner energy technologies. This investment is creating jobs and providing economic and environmental benefits coast to coast to coast and will continue to do so for many years to come.
Our renewable incentive programs provide incentives for each unit of energy produced for several years. The $1.5 billion eco-energy for renewable power initiative provides incentives for up to 10 years after a project is built and is leveraging $14 billion of private investments over 20 years. The $1.5 billion eco-energy for biofuels initiative provides incentives for up to seven years after a project is built.
Many of these projects are still being built or will be built shortly, which means these programs are also creating jobs in trades and construction.
While these projects are being built and for several years after these projects are built, they create and maintain green jobs and provide economic and environmental benefits for Canadians.
Our clean energy fund is investing up to $146 million over five years for renewable and clean energy demonstration projects, including the integration of renewable energy sources for heat and power.
In addition to our renewable energy programs, our energy efficiency programs support businesses, industry and households, reduce the amount of energy they use, helping the environment and leaving more money in the pockets of Canadians.
We are also investing in clean energy technologies to demonstrate the greatest potential for progress, such as carbon capture and storage. These programs are substantial and ongoing investments in jobs, our economy and our environment.
Our $7 billion investment in clean energy at Natural Resources Canada has achieved results and will continue to do so for the coming years.
Our actions are paying off. By developing and deploying clean energy technologies, we are helping Canada to become a clean energy superpower.