Climate Change and Emissions Management (CCEMC) Corporation

Transcription

1 Investing in ideas CCEMC an Alberta-based, independent, not-for-profit organization focused on discovery, development and deployment of clean technology Climate Change and Emissions Management (CCEMC) Corporation

2 Overview Context public policy perspective CCEMC emergence How we do business Our biological interest Value proposition

3 Canadian Direction Canadian Government policy direction Signatory to Copenhagen Intend to become a clean energy super power and a leader in green job creation Leader in clean electricity generation Continue to invest in clean energy technologies Alberta Government policy direction Leader in clean energy production and a global energy provider Secure access to the growing clean energy market Committed to responsible resource development Established regulatory framework

4 Alberta - A climate for change Alberta Context Strong fossil fuel-based economy New manufacturing/industrial base Emissions intensity improving Absolute emissions growing A compelling need for transformative change Alberta s Climate Change Strategy emerges

5 A climate for change MT GHG Emissions GHG Emissions GHG Emissions

6 Alberta 2006 GHG Emissions Residential / Commercial 6% Transportation 14% Industrial 5% Manuf. and Construction 3% Waste 1% Agriculture 8% 0% Electricity 23% Coal, Oil and Gas 25% Oil Sands 15%

7 Alberta s reduction commitments

8 CCEMC Policy Foundation CCEMC - a tool to advance clean technologies Government of Alberta Policy Evolution Climate Change Strategy (02/08) Climate Change and Emissions Management Act (03) Climate Change and Emissions Management Fund Specified Gas Emitters Regulation (07) Climate Change Emissions Management Regulation (09) CCEMC Mandate - to establish or participate in funding for initiatives and other measures related to actual and sustainable reductions in greenhouse gas emissions and improve the ability to adapt to climate change

9 The Business Model CCEMC an Alberta-based, independent, not-for-profit organization focused on discovery, development and deployment of clean technology Aligned with public policy Sustainable Transparent and accountable Strong business and technical acumen Disciplined third party review process Best projects selected Focus on performance

10 Governance Guided by diverse, experienced leaders on the Board 15 Board members Broad cross section of leaders Strong technical and business oversight Management team skilled set of service providers Virtual organization Objective third party adjudication

11 Funds Government collects funds from regulated emitters Large regulated emitters must meet performance targets Three options to comply achieve target, offset or pay Funds pooled/dedicated in the Fund and made available through a grant ($186M) Areas of focus Greening energy production Conserving and using energy efficiently Carbon capture and storage Adaptation and knowledge Manage as a portfolio

12 Technology Holds the Promise A broad focus on clean technology allows the CCEMC to accelerate commercial applications of new ideas by leveraging $$, applications and partnerships. Broad definition of technology (enabling) Technology benefits include: Accelerates achievement of targets Promotes economic growth Generates new jobs Enhances competitiveness

13 Innovation Chain

14 Value of Technology Funds Conference Board of Canada Independent Report Generally, technology funds play a critical role in reducing emissions and provide economic benefits and produce jobs Economic impact of technology funds will be largest in Alberta - double all other provinces combined A total of $6.86 Billion will be spent in Alberta in the next five years boosting GDP by roughly $4.8 Billion creating 50,500+ person years of employment

15 An Effective Management Process Step 1: RFP - Expression of Interest Third party reviewed and short listed Step 2: RFP Full Project Proposal Guidelines and evaluation criteria available Step 3: Due diligence Third parties review based on eligibility criteria Step 4: Recommendations Board consideration Step 5: Decision Portfolio management Step 6: Performance management Results

16 Rigorous Adjudication Process Team of technical adjudicators External Third Parties Fairness Monitor Highly structured decision process Three dominant areas of risk Technology Finance GHG

17 A Constant Cycle of Innovation Current status Approved 16 projects (223 submissions) - $71M Renewable (5) - $37.5M Energy efficiency (6) - $5.7M CCS/clean energy development (5) - $28M Establishing a network to address biological potentials Second RFP on Energy Efficiency - $40M Announced 23 June, closed 13 August 52 submissions received, 17 FPP s requested New RFP announced October 2 Renewable energy $50M - $10M cap/project

18 Portfolio Balance CCEMC Funding $40,000,000 $30,000,000 # of projects 5 $20,000,000 2 $10,000,000 $- 6 3 Energy Efficiency Greening Fossil Fuels Renewables CCS 11/5/

19 Funding by Application Sector Municipal Power Oil Sands Natural Gas Multi-sector Petrochemical # of projects 11/5/

20 Funding by Technology Development Stage $30,000,000 $20,000,000 3 $10,000,000 4 $ /5/

21 GHG Reduction Type Specific Activity Sector Protocol in Place? Potential Benefit (Mt CO 2 e y -1 ) Category Subtotal (Mt CO 2 e y -1 ) Emission Reduction Carbon Sequestration Waste to Energy Beef Cattle Enteric Fermentation Agriculture Yes 2.0 Manure Management Agriculture Yes 2.0 Agricultural Soils N 2 O Reduction Agriculture Yes 1.0 Forest Harvesting Energy Efficiency Forestry No Reduced Tillage Agriculture Yes 1.9 Net Decrease in Summerfallow Agriculture Yes 1.0 Net Increase in Perennial Crops Agriculture Yes 0.2 Afforestation Forestry No 0.4 Improved Forest Management Forestry No 0.1 Wetlands Restoration Agriculture Yes 3.6 Forest Soil Storage` Forestry No Unknown 7.2 Forest Harvesting Residues Forestry No 2.3 Mill Residues Forestry No 0.5 Agriculture Surplus Straw Agriculture No CH 4 Capture and Reduction OR Forest Harvesting Residues - Biochar Forestry No Mill Residues - Biochar Forestry No Agriculture Surplus Straw - Biochar Agriculture No 3.4 Waste Water Management Agriculture Yes 8.0 Land Fill Gas Capture Agriculture Yes GRAND TOTAL 33.0 OR 23.9

22 CCEMC s Interest Element of Portfolio sequestration, waste conversion etc. Commissioned an analysis of possibilities potential is substantial Interested in good projects sequester or manage emissions Establishing a Biological Knowledge Network Need national coordination and a clear road map Workshop in December Network established afterward Inform process for CCEMC

23 Typical Requirements Criteria are transparent 1:1 Match minimum Technology must have application in Alberta No ownership of IP

24 What s it Take to be Successful This is a competitive process! Quality of your submission Address the information requirements GHG reductions critical!! Innovation Budget, team and project management

25 CCEMC Value Proposition What makes CCEMC different Regulatory mandatory requirements Performance targets established Carbon price set Sustainable financial resources Dedicated to mandate Performance accountability those that emit are accountable Ultimately the CCEMC will be judged on the delivery of emissions reductions

26 Action is everything Conclusion Open for business There is a hunger for solutions The CCEMC supports discovery, development and deployment of clean technology $$ for good ideas no matter where they come from Demonstrable progress is critical Interested in collaborating with others