Echoes of the Forum


Key takeaways

Market linkages are key to having lowest cost abatement opportunities
Analysis by EnviroEconomics on Ontario’s carbon market (before it was dismantled in July 2018) showed that the cost per tonne of emissions would jump from $18 to $157 per tonne without the link to markets in Quebec and California. The more linkages between markets, and the more participants in markets, the more resilient those markets will be to political changes.  

Government can learn from business when it comes to designing robust carbon policy
The private sector has years of experience working with different climate change policies. At GLOBE, Canadian Carbon Pricing Leadership Coalition (CPLC) companies and The Delphi Group released 
The Role of Carbon Pricing in a Low-Carbon Transition, a report that details the Canadian private sector experience with carbon pricing, and provides recommendations for policymakers moving forward.

Sub-national and regional collaboration is key to maintaining momentum on climate change
Collaboration between sub-national governments and players will be critical to meeting the Paris Agreement targets – particularly in the absence of U.S. national leadership. Partnerships such as the Pacific Coast Collaborative (involving Alaska, British Columbia, California, Oregon and Washington), We Are Still In, and the US Climate Alliance, are pushing ahead on climate and renewable energy policies.

The economy of the future is low-carbon and globally interconnected
Of the total global investment in power generation between today and 2040, 28 percent will be spent in China, with a third of the total going to wind and solar. Chinese companies are seeking international cleantech partners and solutions. To stay competitive, smaller market economies, such as Canada, should position themselves to capitalize on opportunities to trade with clean economy leaders.

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Policy and Trade

Governments around the world are shaping the clean economy with their carbon, climate and trade policies. Since 2016, more than 40 national and sub-national governments have designed or modified carbon pricing systems. While the U.S. federal government has announced its intention to leave the Paris Agreement – and recently proposed rolling back the vehicle fuel economy standards established when President Obama was in office – other countries, like China, are leading the economic transition with massive investments in renewable energy and clean technologies. Opportunities in the clean economy are emerging, and the future strength of smaller market economies, such as Canada, could be determined by their ability to expand foreign trade and investment in the clean economy.   

In the “Policy and Trade” track at GLOBE Forum 2018, we shared insights on carbon pricing developments, learned from sub-national governments taking leadership on climate action, and aimed to understand what steps Canada can take to improve the commercialization and exportability of Canadian cleantech.   

Here you will find:        

Key takeaways  

Full session videos   

5 ways Canada can position itself to attract foreign investment and grow its clean economy

A closer look: Industry tools, reports, and more  


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5 ways Canada can position itself to attract foreign investment and grow its clean economy 

Take advantage of opportunities to connect with large economies
According to Ian McKay, CEO of Invest Canada, China's five-year plan includes aggressively seeking clean solutions from around the world. 
 
 

Attract talent to Canada by advertising quality of life  
According to Andreas Truckenbrodt, President and CEO of the Canadian Hydrogen and Fuel Cell Association (CHFCA), Canada's high quality of life in green economy hubs, such as Squamish in British Columbia, can be highly attractive to cleantech talent. 

Utilize valuable talent coming out of Canadian universities
According to Elicia Maine, Professor of Innovation and Entrepreneurship at Simon Fraser University's Beedie School of Business, Canadian academic institutions are producing 1.5 times as many impactful publications as their U.S. counterparts. The Canadian cleantech sector should take advantage of research and talent emerging from Canadian academic institutions.
 
 

Apply greater focus to scaling up Canadian cleantech ventures
There is a lack of funding for cleantech ventures at the point of scaling up and commercializing. Elicia Maine added that in academia a misalignment exists in incentives for scientists to get ideas out of their labs, with Canadian scientists patenting at a lower rate than they publish. 
 
 

Spread the word of Canada’s successes domestically and abroad  
According to Audrey Mascarenhas, President and CEO of Quester Technology Inc, Canadians are often too modest about their accomplishments. We need to communicate that Canada is not just about start-up businesses – there are a great number of opportunities to partner with growing and profitable Canadian companies.  

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Session videos

The only place to enjoy full-length videos of our conference sessions.       

The Honourable George Heyman, Minister of Environment and Climate Change Strategy; Shauna Sylvester, Simon Fraser University; Janine Benner, Oregon Department of Energy; Jay Inslee, Governor of Washington; The Honourable John Horgan, Premier of British Columbia; Matt Rodriquez, California Secretary for Environmental Protection

Felipe Calderón, Former President of Mexico

“In the words of Wayne Gretzky: ‘You need to skate towards where the puck is going to be rather than where it is at the moment.’” 

Jay Inslee, Governor of Washington

"Transportation is one of the major things we will have to focus on, because it’s one of the main areas that’s responsible for Oregon’s emissions."

Janine Benner, Director, Oregon Department of Energy


A closer look

Take a deeper dive into the conversations that took place at GLOBE Forum.

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“We must remember that those affected most deeply by our policies and decisions are not in the room with us when we make them.”

Terzah Tippin Poe, Lecturer, Harvard University

Heard at GLOBE Forum

PARTNER NEWS

Export Development Canada has launched the Global Competitive Advantage Index – a tool to help businesses understand their value to international clients in comparison to competitors. Take the quiz to see where your business stands.

What’s your global competitive advantage?

PARTNER SURVEY

GHG Market Sentiment Survey 2018

Responses to IETA’s annual GHG Market Sentiment survey (conducted by PwC) shows an overall positive sentiment towards emissions trading around the world, despite concerns about an ambition gap between current trends and the Paris Agreement’s 2°C goal.

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