Title:
Ontario's Emissions and Long-Term Energy Planning
Abstract:
Research conducted in 2016 examined the Ontario specific challenges of meeting emission reduction objectives and optimizing carbon pricing under Ontario’s Cap and Trade system for the purpose of informing Ontario’s Long-Term Energy Plan (LTEP).
Over forty carbon reducing technologies were evaluated for their emission reduction potential in Ontario, the impact on the need for electrification, and the costs to implement them.
A survey of stakeholder perspectives on possible emission reduction technologies and alternative energy supply options revealed that meeting Ontario’s 2030 emission targets will require 60% more electricity and add over $27B/year to the cost of using energy.
In this lecture, Marc will discuss four paradigm shifts that were formulated to reimagine an integrated energy system dramatically different from the assumptions in Ontario’s initial LTEP planning process and that may deliver electricity at half the expected incremental cost.
The economic implications of the paradigm shifts could reduce the projected $27B per year cost to less than $3B per year and make Ontario an economic winner by developing global leadership positions in the Ontario specific solutions for combatting climate change.
Bio:
Presented by Marc Brouillette, Principal Consultant, Strategic Policy Economics.
Marc Brouillette has been advising provincial and federal government ministries, agencies, and crown corporations for over 20 years on issues in the aerospace, energy, and gaming sectors. He specializes in matters that involve technology based public-private initiatives in policy driven regulated environments.
Marc has recently conducted several detailed analyses on Ontario’s electricity sector and climate policies.