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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
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Targets, 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
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
Carbon Pricing Worldwide
Source: IETA
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Growth Potential in Solar Energy
Global technical potentials of energy resources
Source: IPCC in IEA, Solar Energy Perspectives, 2011
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The Challenges
• Technical• Intermittency • Supply peak timing• Changing with energy
storage
• Regulatory• Pricing• Novel impacts on
distribution grids and rates - Decoupling of rates and costs
• Catch 22 of fixed charges, price signals, and conservation
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