In the week of May 27, representatives from global government, industry, and NGO’s met as Canada hosted the 10th Clean Energy Ministerial in Vancouver. Several announcements were made against that backdrop:
Investment support for clean energy: The federal government announced it will contribute up to $30 million to Breakthrough Energy Solutions Canada (BESC), a public-private initiative to support “cutting-edge companies to deliver game-changing clean energy innovations to the market.” This Canadian program will be administered by Natural Resources Canada – in collaboration with Breakthrough Energy Ventures, a $1 billion investment fund launched in 2016 by billionaires such as Bill Gates and Michael Bloomberg. The Canadian press release quotes Gates: “ We are hopeful that this Breakthrough Energy partnership with Canada will be a model for developing more collaborations…” A summary appears in “Canada launches homegrown version of Bill Gates-led clean energy fund” in the National Observer (May 27).
The National Observer hosted a panel discussion on clean energy investment on May 28. The panel included the Vice-President of the European Investment Bank, the European Commissioner for Research, Science and Innovation, Canada’s Minister of Natural Resources, and Céline Bak, president of Analytica Advisors and author of the 2019 report, Leveraging Sustainable Finance Leadership in Canada. A summary and video of the panel’s discussion is here. The discussion revealed that, unbeknownst to Canada, the European Commission and the European Investment Bank have also reached agreement with Breakthrough Energy Ventures on a new €100 million fund to support clean energy investments – described in a May 29 press release.
Clean energy investment trends are worrying, as reported by the International Energy Agency in World Energy Investment 2019 (May 14) : “Global energy investment stabilised in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables.” In May, BankTrack and others published Fool’s Gold – the Financial Institutions Bankrolling Europe’s Most Coal-dependent Utilities , naming the financial institutions behind almost €16 billion in support to the coal industry since the Paris Agreement was signed in December 2015.
Zero emissions vehicles: The International Energy Agency released the 2019 edition of one of their flagship publications, Global EV Outlook, which provides historical analysis, projections to 2030, and insights on electric vehicle and charging infrastructure deployment, ownership cost, energy use, carbon dioxide emissions and battery material demand. As part of the discussions on electrification of transportation at the CEM10, Canada became the first national government to endorse the Global Commercial Vehicle Drive to Zero (Drive to Zero) campaign, with British Columbia and the City of Vancouver also signing on . A press release explains “Drive to Zero is a strategic international initiative designed to catalyze the growth of the zero-emission (ZE) and near-zero-emission (NZ) medium- and heavy-duty vehicle sector (MHDV), which includes everything from transit buses to eighteen wheelers to box trucks to school buses. Pledge partners promise to collaboratively put in place supporting mechanisms to speed the early market for these vehicles and equipment.” Drive to Zero is a program of CALSTART, a nonprofit consortium with offices in New York, Michigan, Colorado and California, and international partners which include Clean Energy Canada. As Canada’s Minister of Natural Resources stated in the press release, this is in line with Canadian priorities: the Final Report of the Advisory Council on Climate Action ( May 28) recommends policies concerning zero-emissions vehicles, including “The Government of Canada, working with partners and stakeholders, should develop an integrated strategy to reduce emissions across modes of transportation, including actions to support modal shifts.” Related: on May 2, the Pembina Institute published Fuel Savings and Emissions Reductions in Heavy-Duty Trucking : A blueprint for further action in Canada .
Gender Equality in Clean Tech: Over 100 organizations have now signed onto the Equal by 30 initiative, an international campaign begun in 2018. It “ encourages companies and government to adopt gender-equal principles, advance the participation of women in the clean energy transition and take concrete actions to support women in the sector.” A summary of the Gender Diversity participants and events is here .
Hydrogen as a source of clean energy: A new “Hydrogen Initiative” was announced under the leadership of Canada, the United States, Japan, the Netherlands and the European Commission, with the International Energy Agency as co-ordinating body. The initiative is intended to drive international collaboration on policies, programs and projects to accelerate the commercial deployment of hydrogen and fuel cell technologies across all sectors of the economy, especially industrial and transportation applications.
Building efficiency: Heating and cooling strategies in the clean energy transition: Outlooks and lessons from Canada’s provinces and territories is a report released at the Clean Energy Ministerial meetings on May 27. It is the result of collaborative research between the International Energy Agency and the National Energy Board of Canada. Using Canadian provincial data, it examines energy demand patterns and energy policies regarding heating and cooling services in buildings, urging policies to move from natural gas to existing, cleaner technologies. The National Observer summarizes the report in “Cutting fossil fuels could save Canadians $24 billion a year by 2050” .