Reducing GHG Emissions – A Global Challenge Eric Newell May 19 2015.

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Presentation transcript:

Reducing GHG Emissions – A Global Challenge Eric Newell May

World energy demand is growing

World CO2 emissions are growing

Key messages 1.Albertans take our environmental responsibilities seriously. 2.To capture a share of the benefits from our resources, Alberta needs to achieve absolute reductions in GHGs. 3.Transformative technology is critical to meeting the global climate change challenge.

A climate for change

* Currently under review Alberta’s 2008 Climate Change Strategy*

Climate Change and Emissions Management Act Specified Gas Emitters Regulation Mandatory requirements to hit target Flexibility options Continuous Improvement Credits or Offsets Pay into $15/tonne Annual compliance Alberta policy

Reduce GHGs through investing in clean tech Funding comes from large emitters Investments include cleaner energy production, conservation and efficiency, CCS To date: Invested $246 million in 100 projects Valued at $1.7 billion, average leverage of $5.9:1 Reduces emissions by 9.5 megatonnes by 2020 CCEMC

Growing Power Hairy Hill – Deployment Blackspring Ridge – Deployment ESEIEH – Market demonstration Salt Canada/ Wood Buffalo – Deployment C02 Solutions – Design and development Transformative technology

CCS projects: across the spectrum Applied R&DDevelopmentDemonstrationDeployment AI-EES Project CCEMC Project Government of Alberta CCS Program

CCEMC Grand Challenge

Round one projects 24 projects broadly grouped in four areas Fuels (7) – methanol, propanol, syngas Chemical Synthesis (5) (react with or separate) – consumer goods - carbon fiber, fuel additives, solvents Biofixation (3) (algae, bacteria, yeast) – butanol, malate Solid Products (9) – concrete, graphene, carbonates, fertilizers Read about the winners and all CCEMC projects on CCEMC.CA

Alberta needs to reach it’s 2020 reduction targets of 50 Mt Meeting 2020 target calls for collaboration between industry, government, SMEs to make fossil fuel resources more sustainable Longer term challenge requires transformation technology Canada’s leadership in CCS could have global impact Conclusion Reducing GHG emissions is a global challenge.