Morning Opinion Survey Results Jacqueline Sharp Participant Profile - PowerPoint PPT Presentation

Morning Opinion Survey Results Jacqueline Sharp

Participant Profile We received 91 surveys this morning Government, Academia, and Other respondents are combined in the analysis

What Share of Canada’s GHG Emission Reductions will be Met with CCS? Online Survey Today’s Survey Less than 5 % 15 – 29 % 5 – 14 % More than 30 %

Relative Concern About CCS Development Issues Industry NGO All Other Highest Gov`t policy Gov`t policy Gov`t policy Concern certainty certainty certainty Cost Effectiveness Cost Cost Effectiveness Effectiveness Lowest Effectiveness Effectiveness Effectiveness Concern Availability of Availability of Availability of infrastructure infrastructure infrastructure

Relative Importance of Policy Evaluation Criteria Industry NGO All Other Most Policy Rapid deploy- Policy Important predictability ment of CCS predictability Rapid deploy- Protect the Rapid deploy- ment of CCS environment ment of CCS Least Stimulate low- Stimulate Stimulate low- Important carbon tech innovation carbon tech Stimulate Administrative Administrative innovation simplicity simplicity

How to Close the Cost Gap for CCS Implementation Early Adoption Mature Technology Wide Penetration GHG Price Signal Public Support

Preferences among Policy Options for Pricing GHG Emissions Industry NGO All Other Most Carbon tax w/ Carbon tax w/ Carbon tax w/ Preferred reinvestment reinvestment reinvestment Intensity-based Absolute cap and Absolute cap and regulations trade trade Least Absolute cap and Intensity-based Intensity-based Preferred trade regulations regulations Regulated Regulated Regulated requirement requirement requirement

Preferences among Policy Options to Provide Public Funding for CCS Industry NGO All Other Most Direct public Public infra- Direct public Preferred subsidy structure invest. subsidy Guaranteed Guaranteed credit Public infra- credit value value structure invest. Least Public infra- Royalty reductions Gov’t purchase of Preferred structure invest. credits Direct public Royalty subsidy Guaranteed credit reductions value 8 respondents, mostly from the NGO sector, selected “No Public Funding”

Relative Importance of Long-term Liability Issues Industry NGO All Other Most Clear definition How costs are Clear definition Important covered Point of liability Party responsible transfer Clear definition Least How costs are Point of liability How costs are Important covered transfer covered Party responsible Point of liability transfer

Areas of Agreement • CCS Issues: All agree that gov`t policy certainty / stability and cost effectiveness are very important, effectiveness and infrastructure are less important • Evaluation criteria: All agree that ability to promote deployment of CCS is important • GHG price signal: Carbon tax with reinvestment is favoured, regulated CCS requirement is disliked by all • Liability issues: All sectors agree that a clear definition is the most important outstanding issue

Areas of Disagreement • GHG Price Signal: Intensity based regulations favoured by industry, not by other sectors. Absolute cap and trade favoured by all sectors but industry • Liability issues: The point at which liability transfers to government is very important to industry, but low importance to other sectors. • Liability issues: How liability costs are covered is a top issue for NGOs, low for other sectors.

For more information Contact: Jacqueline Sharp CCS@jacquelinesharp.ca 647-893-8910