Alberta's Climate Leadership Plan accelerates the transition from coal to renewable electricity sources, puts a price on carbon pollution for everyone, and sets emission limits for the oil sands.
The plan is based on the advice from the Climate Change Advisory Panel after consultation with stakeholders and individual Albertans this past fall. The plan will also include broad programs to improve energy efficiency, support green technological innovations, reduce methane, and provide support to ensure families and small businesses are protected.
The government will legislate an overall oil sands emission limit; this limit will promote economic growth through application of technology to reduce carbon output by barrel.
Alberta's plan includes achievable carbon pollution reduction measures, while using the revenues from the plan to help Alberta adapt and thrive in a lower-carbon economy. An overview of the plan is below.
Electricity and Renewables
- Alberta will phase out all pollution created by burning coal and transition to more renewable energy and natural gas generation by 2030.
- Three principles will shape the coal phase-out: maintaining reliability; providing reasonable stability in prices to consumers and business; and, ensuring that capital is not unnecessarily stranded.
- Two-thirds of coal-generated electricity will be replaced by renewables – primarily wind power – while natural gas generation will continue to provide firm base load reliability.
- Renewable energy sources will comprise up to 30 per cent of Alberta’s electricity production by 2030.
- A price on carbon provides an incentive for everyone to reduce greenhouse gas pollution that causes climate change.
- Alberta will phase in this pricing in two steps.
- $20/tonne economy-wide in January 2017
- $30/tonne economy-wide in January 2018
- An overall oil sands emission limit of 100 megatonnes will be set, with provisions for new upgrading and co-generation.
In collaboration with industry, environmental organizations, and affected First Nations, Alberta will implement a methane reduction strategy to reduce emissions by 45% from 2014 levels by 2025.
- One-hundred per cent of proceeds from carbon pricing will be reinvested in Alberta.
- A portion of collected revenues will be invested directly into measures to reduce pollution, including clean energy research and technology; green infrastructure, such as public transit; and, programs to help Albertans reduce their energy use.
- Other revenues will be invested in an adjustment fund that will help individuals and families make ends meet; provide transition support to small businesses, First Nations, and people working in affected coal facilities.
The full Alberta Climate Leadership Report is available for viewing here.