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Green Growth: A Canadian Perspective David McLaughlin President and CEO, NRTEE Canada and the OECD: 50 Years of Converging Interests. 1. Low-Carbon Economy Stream. How does Canada’s low-carbon performance compare to others?. Released 2010.
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Green Growth: A Canadian Perspective David McLaughlin President and CEO, NRTEE Canada and the OECD: 50 Years of Converging Interests 1
Low-Carbon Economy Stream How does Canada’s low-carbon performance compare to others? Released 2010 What climate policy options are best for Canada-U.S. harmonization? Released 2011 What does a low-carbon growth plan for Canada look like? To be released 2012
Looking @ Green Growth • Characterizing the opportunity in terms of growth, resilience and competitive advantage • Identifying and assessing barriers and challenges • Developing the recommended policy pathway • Integrating into existing approaches and future needs
“The Green Race is On”And its taking on different forms Policy … If you want to be a leader in the world economy and do well in the ‘Green Race’ you need to transform your domestic market and build capabilities, demand and scale...We need new types of partnerships between business, government and civil society. (Bjorn Stigson, WBCSD, 2011) Innovation Ministers noted that innovation, supported by a strong intellectual property rights system, is a key to countries’ abilities to achieve economic growth, create green jobs, and protect the environment. (OECD Ministerial Council Meeting, 2011) Investment The British government outlined plans for the world's first state-backed green investment bank…– a key plank of its pledge to transition the country into a low-carbon economy. (Huffington Post, 2011)
Canadian Emissions to 2020(Mt CO2e) 8 Source: Environment Canada Projection , 2011
Low-carbon Resilience From 1990-2008, emissions intensity decreased by 23%, of which 15% occurred between 2000-2008. From 2008 to 2020, an emissions intensity decrease of 14% is forecasted. 2008 Emission Target for 2020= 607 Mt Emissions Intensity Target for 2020 = 0.425 Total GHG Emissions –with existing government measures Source: NRTEE
Global Low-carbon Goods and Service Market Blue Map BAU 10
Canadian Low-carbon Opportunity to 2050 0.9% of global LCGS investment 0.5% of global LCGS investment 11 Source: Delphi Group, 2011- preliminary modelling for the NRTEE
GHG Emissions Sources vs. Low-Carbon Investments 12 Source: Conference Board, 2011- preliminary research for the NRTEE
Climate Friendly Trade Balance Climate Friendly Net Imports Climate Friendly Exports - $4,000 - $2,000 $0 $2,000 $4,000 $6,000 $8,000 US Other Top 10 Rest of World Canada’s Trade in Low-Carbon Goods in 2010 ($million) 13 Source: Conference Board, 2011- preliminary research for the NRTEE
Illustrative Example – Wind Sector • Total investment in Canada: $1.4B annually between 2005 and 2010 • Annual exports ~$290M • Annual trade imbalance in the range of $400M Source: Analysis undertaken for NRTEE by Delphi Group and EnvrioEconomics 14
This is about Canada’s transition to a low-carbon economy & a policy pathway to help get us there.
NRTEE’s Approach • Targeted and original RESEARCH • Regional and national CONVENING Regional Partners Canada West Foundation Mowat Centre for Policy Innovation Écotech Québec Atlantic Provinces Economic Council
Our Approach Characterize the risk and show the opportunity Develop scenarios that combine growth and decarbonization Identify what is at stake; opportunities gained and lost Assess comparative advantage, identifying regional and sectoral strengths and challenges Identify where and how we need to invest to build and maintain competitiveness Consider public and private investment in trade, innovation, skills, and energy efficiency, and emissions reduction technology and infrastructure Propose governance structures and mechanisms that build on current approaches and integrate policies and actions Build a policy pathway that is realistic, integrated, and dynamic for Canada…that is Canadian…for our circumstances and our goals. 18
Learn more… www.nrtee-trnee.ca 19