What to know about B.C.’s Climate Plan processPembina’s Perspective

Josha MacNab (@JMacNab)

Matt Horne (@HorneMatt)

Pembina Institute

February 18th, 2016

We are very grateful for support from:

Overview

Introduction

Overview of CLP/CLT process to date

Pembina’s response to the CLT rec’s

Opportunities to engage

Q&A

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CLT process

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CLT recommendations

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Pembina’s submission

Reflects Pembina’s positions on the CLT recommendations

Will be available early next week

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LNG

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Carbon tax / fiscal policy

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• Increase the carbon tax by $10 / tonne / year by 2018

• Reduce the PST • Increase protection for low-income and

northern/rural households• Establish targeted measures to protected

emissions-intensive, trade-exposed sectors (Recommendations 4-9)

• Expand the carbon tax coverage in 2018 (CLT says 2021)

Methane Reduce vented and fugitive emissions by

40% in 5 years (Recommendation 15) Leak detection and repair Transparent reporting

Possible underestimation of methane impact

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Buildings Reduce GHGs from building sector by

50% by 2050

New buildings net zero ready in 10 years (Recommendation 20)

Leadership from public sector 50% reduction in GHGs in existing in 10 years Building pilot project for new builds

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Transportation and land use Set a 2030 target for the Low Carbon

Fuel Standard and establish a new Zero Emissions Vehicle standard (Recommendation 19)

Integrated land-use objectives missing

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How to engage Pembina’s submission (next week)

BC discussion guide https://engage.gov.bc.ca/climateleadership/

CLT recommendations summary http://www.pembina.org/pub/bc-climate-leadership-team-process-and-recommendations

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Thank you

Josha MacNab Matt Horneemail: josham@pembina.org email: matth@pembina.org

twitter: @JMacNab twitter: @HorneMatt

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Extra slides

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Carbon tax 101

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Carbon tax 101

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2007-08 2008-09 2009-10 2010-11 2011-120.95

1.00

1.05

1.10 Change in GDP (1st phase of carbon tax)

BC

Rest of Canada

(Source: Statistics Canada, 2007-2012)

Carbon tax 101

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Feb 2008 July 2008 May 2009 June 2010 June 2011 Nov 2011 Nov 2012 Oct 2013 Oct 20140%

10%

20%

30%

40%

50%

60%

70%

Public opinion: Support for B.C.’s carbon tax

(Source: Environics Institute, 2008-2014)

Carbon tax 101

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