ECON 366: Energy Economics

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.title[
# ECON 366: Energy Economics
]
.subtitle[
## Topic 2.3: Canada’s Climate Challenge in 12 Charts
]
.author[
### Andrew Leach, Professor of Economics and Law
]
.date[
### January 6, 2024 <br><br> <a href="mailto:aleach@ualberta.ca"><i class="fa fa-envelope fa-fw"></i> aleach@ualberta.ca</a> <br> <a href="https://github.com/leachandrew"><i class="fa fa-github fa-fw"></i> leachandrew</a><br><a href="https://twitter.com/andrew_leach"><i class="fa fa-twitter twitter"></i> <span class="citation">@andrew_leach</span></a><br>
]

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# Canada's Climate Change Challenge

The goal of this session is to get you to think about key aspects of Canada's (and the world's) climate change challenge through 10 graphs and charts. By the end of this session, you should have a sense of:

- the basic problem of climate change;
- the scale of the climate mitigation challenge;
- the basics of emissions-reduction pathways;
- Canada's emissions inventory;
- Canada's emissions projections;

Let's get started.

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# We'll all live in a warming world
<img src="ipcc_syn_1.png" width="950px" style="display: block; margin: auto;" />

.cite[Source: [IPCC AR6 Synthesis Report](https://www.ipcc.ch/report/ar6/syr)]

---

# Not just about the heat
<img src="ipcc_impacts.png" width="550px" style="display: block; margin: auto;" />

.cite[Source: [IPCC AR6 Synthesis Report](https://www.ipcc.ch/report/ar6/syr)]
---

# As we learn more, we get more worried
<img src="ipcc_risks.png" width="1100px" style="display: block; margin: auto;" />

.cite[Source: [IPCC AR6 Synthesis Report](https://www.ipcc.ch/report/ar6/syr)]
---

# We're not on track
<img src="ipcc_not_on_track.png" width="850px" style="display: block; margin: auto;" />
.cite[Source: [IPCC AR6 Synthesis Report](https://www.ipcc.ch/report/ar6/syr)]
---

# The required energy system transition is dramatic
<img src="tpes.png" width="1100px" style="display: block; margin: auto;" />

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# Acting on climate change means burning fewer fossil fuels
<img src="fossil_tpes.png" width="1000px" style="display: block; margin: auto;" />

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# The world isn't going to use as much oil as you think
<img src="oil_demand.png" width="1000px" style="display: block; margin: auto;" />
.cite[Source: IEA World Energy Outlook, 2023]

---

# Canada is a material part of the problem
<img src="co2.png" width="780px" style="display: block; margin: auto;" />
.cite[Source: [Our World in Data](https://ourworldindata.org/explorers/co2?tab=map&facet=none&country=CHN~USA~BRA~RUS~IND&Gas+or+Warming=Warming+impact&Accounting=Production-based&Fuel+or+Land+Use+Change=All+fossil+emissions&Count=Per+country&Relative+to+world+total=false)]

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# Canada is a material part of the problem (embeded map)
<hr.space-1>
<center>
<iframe src="https://ourworldindata.org/explorers/co2?tab=map&facet=none&country=CHN~USA~BRA~RUS~IND&Gas+or+Warming=Warming+impact&Accounting=Production-based&Fuel+or+Land+Use+Change=All+fossil+emissions&Count=Per+country&Relative+to+world+total=false&hideControls=true" loading="lazy" style="width: 100%; height: 590px; border: 0px none;"></iframe>
</center>
&emsp;<site_link> [Source site link](https://ourworldindata.org/grapher/annual-percentage-change-renewables)<site_link>

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# Canada is not meeting its targets
<img src="emissions_and_targets_simple.png" width="1200px" style="display: block; margin: auto;" />

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# Canadian Climate Policy is Challenging
<img src="inventory_per_capita.png" width="1200px" style="display: block; margin: auto;" />
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# This Challenge is Close to Home
<img src="inventory_prov.png" width="1200px" style="display: block; margin: auto;" />
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# Policy in Two Sectors Will Decide Canada's Future Emissions
<img src="sector_proj.png" width="1200px" style="display: block; margin: auto;" />
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# The IPCC Synthesis Report, Summary for Economics Students
<hr.space-1>
<embed src="https://report.ipcc.ch/ar6syr/pdf/IPCC_AR6_SYR_SPM.pdf" width="1100px" height="540px" style="display: block; margin: auto;" type="application/pdf" />
.cite[Source: [IPCC AR6 Synthesis Report](https://www.ipcc.ch/report/ar6/syr/)
]