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Lisa DeMarco

THE CHANGING CLIMATE OF ENERGY

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Canada needs a bridge from its traditional to a more sustainable energy

sector

Tokyo, SaitameRGGI

CALIFORNIA

QUEBEC

Beijing

Tianjin

ShanghaiChongqing

Hubei

ShenzhenGuangdong

Emission Trading Scheme in Progress

Existing Emission Trading Schemes

CDM Host Countries as of July 1, 2013 (UNEP Riso Centre, data from the CDMPipeline)

Countries with provincial-only Emission Trading Schemes

Linkages

New South Wales GGAS

EU ETS

South Korea (2015)Swiss ETS

ALBERTA

Markets: Carbon Pricing Worldwide

Source: IETA

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Policy: Targets, Timelines…Jurisdiction Base Year Target

ReductionTimeline

US 2005 26-28% 2025

Canada 2005 (749 MT) 30% (225 MT) 2030

EU 1990 40% 2030

California 1990 40% 2030

Ontario 1990 (182 MT) 37% (67.3 MT) 2030

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Clean Tech

Total energy resources

Source: IEA, Solar Energy Perspectives, 2011

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Disruptive Innovation

The Tesla Powerwall Peter and Lyndon Rive, SolarCity

Annette Verschuren, NRStor

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CHANGING CLIMATE

“In Saudi Arabia we recognize that eventually, one of

these days, we’re not going to need fossil fuel. I don’t

know when -- 2040, 2050 or thereafter. So we have embarked on a program to develop solar energy. … Hopefully, one of these days, instead of exporting

fossil

fuels, we will be exporting gigawatts of electric power.”

Ali Al-Naimi, Oil Minister for Saudi Arabia,

May 21, 2015, Paris