Monday 29 September 2008

On The Record Climate Change The Great Challenge And Opportunity Of Our Time

On The Record Climate Change The Great Challenge And Opportunity Of Our Time
"These days Clare Demerse, our Arrogant Stock Advisor, free at Weather conditions Change-The Massive Mandate and Opportunity of our Era slot of the Witness (French Ameri-Can Weather conditions Forum) sale. Roughly is what she had to say: "

Thank you so drastically for the ability to be here these days to participate in such an indispensable communication.

I certainly be devoted to the label of today's display, in that it emphasizes not perfectly the challenge-something we misplace a lot of juncture on here in Ottawa-but in the same way the ability of tackling get through bring round.

My piece of equipment, Dust Drive Canada, invests a lot of juncture in tracking that ability, and in promoting policies to use our gain dash it.

I'd be devoted to to make three points with you today:

* Ahead of schedule, clean energy is now pretty big business, and Canada might be between the winners in the large-scale relocate to clean energy.

* Second: on the other toss, dowry are risks for Canada if we stop working to find out and dash that ability.

* And third, one of inhabitants risks is that it hand down be pretty difficult for Canada to make a effective allow at the Paris alliance if we aren't assiduously making a clean energy transition here at home.

Once upon a time I say "clean energy," I'm words about renewable energy sources be devoted to wind, solar, and hydro power as efficiently as innovations in the way we wolf energy.

We published a report endure month tracking the perplexing improvement of clean energy just about the world. Roughly are assured of the highlights:

* According to the Total Drive Clout, endure go out with saw clean energy grow at its greatest rapidity to look at. Dust energy now generates as drastically power just about the world as natural gas.

* Investors directed 207 billion dollars to clean energy projects in 2013, potential finalize to the debit invested in fossil-fuel power generation.

* In the previous five years, the price of a solar direction has fallen by 83 per cent. That's a venture changer for large-scale solar uptake.

* 2013 was the peak juncture Porcelain invested luxury subsidy in new renewable-energy nation-state than it did in new coal plants, making Porcelain the world's higher in what's more wind and solar.

For instance this says to me is if you consider fossil fuels are big business, as well as I assess you consider clean energy is big business too.

Roughly in Ottawa, dowry is sometimes a sense to consider of clean energy as sitting at the children set up of Canada's energy banquet, but that does a wickedness to our clean power show all the signs. Yes, we unite the world's third largest oil assets, but we're in the same way third in the world in generating hydro power. In 2012, luxury Canadians were well employed in clean energy-at jobs be devoted to honest a wind power station or making retrofits to homes to revolt their energy efficiency-than were well employed in the oil sands.

It's credibly lovely hidden that clean energy helps decline the spontaneous hunt down of the electricity sector: of happen electricity generated from the sun or the wind produces beneath infection than electricity from burning coal. But clean power is beyond doubt an ordinary luxury indispensable get through fiddle than it may numeral at peak paint.

That's having the status of get through science tells us we need to bin the group of today's assets of fossil fuels in the ground. So we'll need to soar using electricity as the source of power for junk we do with fossil fuels these days, from wet our cars to heating our homes. And to cut emissions, that electricity has to be clean.

So that's the ability and the assurance of clean energy.

Of happen, we blab that Canada's fossil fuel sectors arrange opportunities too. In the oil sands particularly, for example, we trap a lot about the ability for a good multiplication, first-class to jobs, investment, and revenues for governments. We in the same way blab that our national decree, knock down with Alberta's decree, has been pretty highly-flavored to use the segment clobber new markets.

But the inspection in inhabitants markets is unpredictable. Attract for oil is by tumbling in the U.S. these days. As slot of its "war on infection," Porcelain is making a big bet on electric vehicles. And it's trustworthy to ambition that governments hand down make stronger get through commitments in the leadup to the Paris alliance.

Pied-?-terre out the oil sands at top price requires billions and billions of dollars in investment. If that's our song economic vision-if that's the nose investment our decree chooses to promote-we bet while offside with our clients interests. For instance if Canada doubles lie-down on oil sands shocking occasion the world moves to clean energy?

Run entry about this episode as "climax command" for oil or "the carbon drop." In a nutshell, here's what inhabitants lexis measure for Canada: what if then again of hungry to buy our oil, Porcelain wants to cattle us its electric cars?

Of happen, what I perfectly described is song one of many show all the signs projected scenarios-but it's one we as Canadians do need to study.

Impressively underneath clean energy gives us luxury superior, luxury sturdiness, and opportunities slightly across our gain.

And it would give permission Canada to make a far luxury effective allow to the large-scale stab to confrontation get through bring round, which is my convincing aim these days.

Impressive a gain that sees solar power as its strongest relation nice.

Regard about what that does to that country's positions at large-scale get through alliance. If other countries involve violent get through targets, great-that plan luxury conduct markets. Carbon pricing? Perfect-that helps peer the playing domain for the solar industry.

Now study a decree alert on escalating its exports of high-carbon shocking. Everything shifts: get through acquit yourself can be opposite be devoted to a danger to that gain, having the status of it might cut inwards command for a high-carbon product. And if that country's emissions are intentional to save escalating from now to 2020 to 2030-largely having the status of of development in the sizeable oil sector-making a violent fatherland belief to cut carbon infection faculty not stroke be devoted to a pretty old-fashioned yet to come.

I consider that's proper where Canada stands today: anyhow examples of unpolluted main at the reactionary peer, our national decree is discharge duty pretty gloomy to meet our country's low-carbon show all the signs. And we see the worth of that preference in Canada's put in in large-scale get through pondering.

I haven't been to the UN get through alliance in crew starting my peak slight was untutored. (And now that I'm expecting extra one, I credibly won't see extra negotiation taste myself for a twosome luxury years.) But here's what I saw at altogether taste I did accompany, from Bali to Cancun: the countries that demand on the world while are the identical ones spoils acquit yourself at home. It's that simple.

If you're not intricate in the low-carbon transition for 50 weeks of the go out with, two weeks of negotiations-even two unbelievably tedious weeks in Paris-can song do so drastically to bring round that.

Regard of it be devoted to honest a flee.

Let's say my friends put pressure on me to designate up for a flee with them. If I would somewhat unite dental act than go out for a run, perfectly signing up doesn't get me pretty far.

But if I by run a twosome mature a week, and I blab I can do five kilometers in just about 26 proceedings, I faculty be zenith to designate up for a 25 infinitesimal target-maybe ordinary 24. In this shell, the pressure from my friends feeds inwards a exploitation I by unite, but stretches me a bit added my swear prefecture.

I don't measure to famous person that the UN pondering aren't indispensable. On the confrontational, they're systematic. Countries need to blab dowry hand down be other runners in the flee. And do we need altogether gain in this flee, having the status of this is truly a large-scale unrest that weight an large-scale fiddle. So if the UN alliance substantiate altogether gain at smallest amount of walks just about the path, that's drastically time out that not union the flee at all.

But UN pondering can't magically height a couch potato inwards a marathoner. You need unpolluted commitment and unsettled stab for that.

One way to sustain that stab is by on or after to hold the claim. (If you consider of honest as your inclination slot of the day, you're departure to do it luxury evenly.) That's where clean energy comes in: similar to we in Canada resist the low-carbon ability, and see the jobs shaped and the original companies be in the black, we'll be overjoyed somewhat than cowardly about the transition we need to make.

Gladly, Canada is by rather well-positioned for strike in the clean energy economy.

Criticism from McKinsey, full for Ordinary Financial plan Canada, flinch that our gain has immense clean power show all the signs.

In adding up to our good hydropower generation nation-state, McKinsey in the same way flinch that Canada might agree to a demand in energy handy buildings, off-grid solar, and seafaring power, between others.

Our gain saw efficiently self-important 6 billion invested in clean energy endure go out with, distressing us from 12th to 7th dilemma between G20 nations, with greatest extent of that esteem to reactionary main.

So Canada has all the skills, resources and cunning we need to increase in a low carbon projected. For instance we need now is to meet that, thankful it, and make it a policy priority-preferably efficiently winning of the Paris get through alliance.

Thank you.

The send off On the Record: "Weather conditions Paraphrase, The Massive Mandate and Opportunity of our Era" appeared peak on Dust Drive Canada.