VANCOUVER S GREEN ECONOMY. Presented by: Bryan Buggey

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1 VANCOUVER S GREEN ECONOMY Presented by: Bryan Buggey

2 VANCOUVER: Global Gateway Tokyo Beijing Seoul HELSINKI Frankfurt London VANCOUVER

3 VANCOUVER: Natural & Cultural Competitive Advantages

4 Fastest Growing Economy in Canada (Conference Board of Canada) 3 rd Most Livable City in the World (Consistently in the Top 3) 3 rd Greenest City in the World (Soon to be #1) $31.5B (US$) brand driven by a global reputation for sustainable and green leadership (Brand Finance 2015)

5 VANCOUVER: Global Performance $ Business Links Globalization and World Cities Finance z/yen: Global Financial Centres Index Liveability Mercer: Quality of Life Survey Sustainability Siemens / EIU: Regional Green City Index Brand Reputation Institute: Global RepTrak Destination Power International Congress and Convention Ass. 1 Sydney 2 Vienna 3 Zurich 4 Geneva 5 Vancouver 6 Toronto 7 Frankfurt 8 London 9 Stockholm 10 Singapore 11 Tokyo 12 New York City 13 Munich 14 Copenhagen 15 Oslo 16 San Francisco 17 Berlin 18 Boston 19 Melbourne 20 Amsterdam 21 Hong Kong 22 Paris 23 Washington DC 24 Helsinki 25 Montreal 26 Seoul 27 Rome 28 Seattle 29 Brussels 30 Chicago 31 Osaka 32 Dubai 33 Cape Town 34 Los Angeles 35 Madrid 36 Milan 37 Rio de Janeiro 38 Kuala Lumpur 39 Dublin 40 Shanghai 41 Taipei 42 Sao Paulo 43 Santiago 44 Calgary 45 Lisbon

6 To position Vancouver as a globally recognised city for innovative, creative and sustainable business

7 Sector Focus Areas to have Vancouver globally recognized for its ecosystem of INNOVATIVE entrepreneurs, growing startups and smart capital to expand Vancouver s leadership as a global centre for the CREATIVE sector digital entertainment and interactive to secure Vancouver s international reputation as a mecca of SUSTAINABLE enterprise

8 GREEN ECONOMY: Business Ecosystem

9 GREEN BY DESIGN Series 1 Series 2 Series Category 1 Category 2 Category 3 Category 4

10 GREEN ECONOMY: Investments SDTC: - $620m in pilot projects Venture & Private Equity - 28% of national clentech investments landing here Looking Forward (national) - $2bn green bond program - $100m more for tech incubators

11 GREEN ECONOMY: Vancouver Cleantech Clusters Remediation/Water Energy Generation Transmission/Smart Grid Green Building Clean Transportation

12 GREENEST CITY ACTION PLAN 2020: Be the greenest city in the world by

13 GREENEST CITY ACTION PLAN: 3 Themes & 10 Goal Areas & 15 Targets

14 TALK GREEN VANCOUVER

15 GREENEST CITY ACTION PLAN: 2010, 2015, and 2020 Levels

16 GREENEST CITY ACTION PLAN: 2010, 2015, and 2020 Levels

17 TARGET #1 THE GREEN ECONOMY VEC owned and driven Double the number of green jobs by 2020 GOAL: Secure Vancouver s international reputation as a mecca of green enterprise 2020 TARGETS: 1. Double the number of green jobs by 2020, over 2010 levels Double the number of businesses engaged in greening their operations by Double the number of companies that are actively engaged in greening their operations by 2020

18 GREEN JOBS METHODLOGY: Two approaches to measure + evaluate PRIMARY DATA SECONDARY DATA Build database of green companies Collect primary data Telephone survey Identify green NAICS Collect secondary data Establish intensity ratio

19 GREEN JOBS TODAY: (2013) 7 sectors; 20,000 Jobs + 19% ( ) $1.9B GDP

20 VANCOUVER S GREEN ECONOMY (Results to Y/E 2013)

21 TWO APPROACHES Tactically and managed simultaneously 1. Growth: a. Support Innovators & Innovation b. Leverage municipal assets 2. Engagement a. Cross-sector b. Green Enterprise Zone c. Digital platforms

22 APPROACH #1: GROWTH Support Innovators and Innovation

23 VANCOUVER INNOVATION HUB A Centre for Entrepreneurship 5 Mix of co-working space & support services to support innovation 4 100,000 sq. Ft East Vancouver 3 2 Technology Clean Tech Social Innovation 1 0 Category 1 Category 2 Category 3 Category 4 Series 1 Series 2 Series 3

24 GREEN & DIGITAL DEMONSTRATION PROGRAM (GDDP) Supports clean tech & digital start-ups in 5accelerating commercialization 4 3 Leverage City-owned Assets + infrastructure 2 City as an innovation 1platform for entrepreneurs 0 Category 1 Category 2 Category 3 Category 4 Series 1 Series 2 Series 3

25 GREEN BUSINESS DEVELOPMENT: Leveraging Major Events

26 INTERNATIONAL TRADE & FDI: Sector targeted Slide on local event & BD (GLOBE?) Slide on international trade (China?)

27 GREEN ENTERPRIZE ZONE Mixed industrial land, 500 businesses, 8000 jobs Back-of-house industrial, high tech, office, education, social, public services, transit infrastructure Known as False Creek Flats but lacks identity

28 GREEN ENTERPRISE ZONE: The False Creek Flats

29 FALSE CREEK FLATS: Key Green Economy Themes

30 FALSE CREEK FLATS: VEC s Vision SOLAR ROOFING SYSTEMS GEOTHERMAL HEATING EXCHANGE ALTERNATIVE FUELING SMART DATA CENTRE BUILDING ENERGY MONITORS VEHICLE SHARING

31 THE CIRCULAR ECONOMY: By example

32 GREEN ENTERPRISE ZONE: False Creek Flats Clusters

33 GREEN ENTERPRISE ZONE: Storytelling

34 GREEN ENTERPRISE ZONE: Planning for the future

35 ENGAGING THE BUSINESS COMMUNITY Climate Pledge for COP VANCOUVER BUSINESSES have pledged their support for stronger action against climate change

36 ENGAGING THE BUSINESS COMMUNITY: Digital platform for greening operations

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39 LOOKING FORWARD TO 2020: The Green Jobs Roadmap GROWING THE GREEN ECONOMY

40 LOOKING FORWARD TO 2020: The Green Jobs Roadmap How we got from 50+ to 20 In depth interviews with managers Evaluate data and run model Categorize 50+ initiatives 20 incremental City + VEC programs, projects + policies Screen for incremental impact Identify lead City-led VEC Province/ Metro

41 LOOKING FORWARD TO 2020: The Green Jobs Roadmap 33,400 New jobs City + VEC programs 3,200 Market transformation jobs (City, Province, Regional policies) 11,050 16,700 Business-as-usual growth 3,350 jobs 2010 Baseline 16,700 jobs

42 DATA ON EFFECTIVENESS OF GREEN POLICIES & PROGRAMS: EXAMPLE: MURB Retrofit Strategy Fortis` Landlord BC program (high-efficiency boiler) $150,000 CoV Green Landlords program $48,000 + staff Vancity contribution $48,000 Leverage ratio (equipment + capex) 12x MURBS per year expected 50 Total economic investment ( ) $39,000,000 New jobs ( ) 313 (new)

43 DATA ON EFFECTIVENESS OF GREEN POLICIES & PROGRAMS: EXAMPLE: Demonstration Program VEC annual budget $10, *staff Companies demonstrating technology each year 8 Additional jobs per company 3 New jobs ( ) 144

44 LOOKING FORWARD TO 2020 Data on effectiveness of Green Policies & Programs VEC - Vancouver Innovation Hub - Trade missions (in + outbound) - Green + digital demo prgm - GEZ hubs + networks 950+ City - Sewer separation strategy - MURB retrofit programs - Legacy steam heat conversion - Forestry + tree planting - Active transportation corridors 1,400+ Partners - Extended producer responsibility - Regional organics ban - New Ventures BC 800+

45 2020 AND BEYOND 2020 AND BEYOND: March 2015: City Council Commits to a Renewable Future RENEWABLE CITY STRATEGY

46 2020 AND BEYOND: March 2015: City Council Commits to a Renewable Future GOAL TARGETS VANCOUVER IS A CITY THAT USES ONLY RENEWABLE SOURCES OF ENERGY renewable energy is naturally replenished as it is used RENEWABLE CITY STRATEGY Derive 100% of the energy used in Vancouver from renewable sources before 2050 Reduce greenhouse gas emissions by 80% below 2007 levels before

47 VANCOUVER in 2015: Where are are we now? 31% of Vancouver s energy is already renewable. ENERGY USED IN VANCOUVER IN

48 2020 AND BEYOND: Our Path to a Renewable City 31% of Vancouver s energy is already renewable. Vancouver will be taking action to: 69% 1. Reduce overall demand so that 2. Increase use of renewables 3. Increase supply of renewables % of Vancouver s energy is renewable before

49 RENEWABLE CITY PLAN: What will it take? We will need to act as well as advocate. C O N T R O L Building Standards Land Use Road Network S U P P O R T Major Roads Network Waste Management City Services A D V O C A C Y Federal Government Provincial Government Regional Government 49

50 THE RENEWABLE CITY IN 2050 WILL HAVE ZERO EMISSION BUILDINGS THAT EMIT NO GREENHOUSE GASES FROM THEIR USE OF ENERGY

51 RENEWABLE CITY PLAN: Current + Future Building Standards VANCOUVER S BUILDING STO CK IN % P r i o r t o % C u r r e n t / U p c o m i n g S t a n d a r d s 30% Z e r o E m i s s i o n N e w Building (built after 2020) R E D U C E E N E R G Y U S E» Passive House» Equipment improvements I N C R E A S E U S E & S U P P LY O F R E N E WA B L E E N E R G Y» On-site renewable power» Grid-supplied electricity» Neighbourhood renewable energy systems

52 REDUCED VEHICLE USAGE T H R O U G H A C T I V E T R A N S P O RTAT I O N RENEWABLY POWERED TRANSPORTATION T H R O U G H E L E C T R I C V E H I C L E S, S U S TA I N A B L E - B I O F U E L H Y B R I D S, A N D O T H E R R E N E WA B L E F U E L S

53 RENEWABLE CITY PLAN: Private + Public Transportation PASSSENGER VEHICLE FUEL TYPES BY % C o n v e n t i o n a l H y b r i d ( w i t h B i o f u e l ) 45% Plug- I n H y b r i d ( w i t h B i o f u e l ) 25% E l e c t r i c V e h i c l e R E D U C E E N E R G Y U S E» Active Transportation» Transit I N C R E A S E U S E & S U P P LY O F R E N E WA B L E E N E R G Y» Electric Vehicles» Biofuel-powered vehicles» Car-sharing 53

54 RENEWABLE ENERGY PLAN: Commercial Transport Small in number but energy intensive Projected future technologies» Sustainable biofuels, biomethane, hydrogen, electricity

55 RENEWABLE CITY PLAN: just some early thinking on the white board I N N O VAT I O N Clean Energy Incubation, Acceleration, Commercialization, & Demonstration G R E E N C A P I TA L Branding Leverage new models LAP attraction initiative L O C A L B U S I N E S S E S Thriving Vancouver Sharing Economy Circular Economy K E Y TA R G E T S Events Organizations Talent G R E E N R E S E A R C H Building the business case for the big moves E X P O R T S Market Development P O L I C Y Planning Procurement Neighborhood-Scale Planning PA R T N E R S Regional Government International Academia

56 JOIN US IN VANCOUVER for GLOBE 2016 GLOBE Week: Feb 29 - Mar 4 GLOBE Conference: Mar 2 - Mar 4

57 VANCOUVER: Innovative, Creative, Sustainable