Transition to a Low-Carbon Economy Conference of New England - - PowerPoint PPT Presentation

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Transition to a Low-Carbon Economy Conference of New England - - PowerPoint PPT Presentation

Oct 06, 2023 206 likes •365 views

Opportunities and Challenges in the Transition to a Low-Carbon Economy Conference of New England Governors and Eastern Canadian Premiers, August 31, 2015 Jackie Janes, Assistant Deputy Minister Government of Newfoundland and Labrador Agreement

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Opportunities and Challenges in the Transition to a Low-Carbon Economy

Conference of New England Governors and Eastern Canadian Premiers, August 31, 2015 Jackie Janes, Assistant Deputy Minister Government of Newfoundland and Labrador

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Agreement to limit temperature increase to 2°C

Source: www.nature.com

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Source: World Resources Institute

This means living within the global carbon budget

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Transformation of world’s energy systems is needed

Source: International Energy Agency

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Positive signs of potential to decouple GDP & GHGs

Source: International Energy Agency

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Stronger evidence of decoupling in NEG-ECP region

Sources: Statistics Canada, Environment Canada, Environmental Protection Agency, Department of Economic Analysis

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Growing coverage of carbon pricing

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Increasing investment in low carbon technologies

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Growing business confidence in a low-carbon future

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Need to accelerate transition to low-carbon growth and prosperity

Source: International Energy Agency

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Scaling up innovation and technological change is key

Source: International Energy Agency

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Mobilize non-climate goals to promote GHG reductions

Source: International Energy Agency

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Opportunity to strengthen signal to markets

  • Over 190 countries to convene
  • 40,000 participants expected
  • Post-2020 legally-binding agreement
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Conclusion

  • Strong synergies between policies needed to revitalize growth and

improve well being, and those needed to address climate change

  • Positive signs…decoupling, technological advances, climate policies
  • States and provinces are key drivers of innovation
  • Substantive returns on low-carbon investment but more investment is

needed

  • INDCs currently insufficient to keep under 2°C, must be floors not ceilings
  • Paris is not an end point but it is an important step
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Thank You

Jackie Janes

Assistant Deputy Minister Office of Climate Change and Energy Efficiency Government of Newfoundland and Labrador 709-729-1210 | jackiejanes@gov.nl.ca