Canadian Energy Up-Date

Update was last edited 16 May 2008

McMaster Institute for Energy Studies

The 2006 Carbon Dioxide Fact Sheet was posted in June of 2007.

Home Page of J.H. Walsh

Canadian Energy Up-Date for May 2008

New Reports

First Issue of the International Association for Energy Economics (IAEE) Energy Forum

The International Association for Energy Economics (IAEE) has now extended and re-titled its quarterly news publication which is to be known as the IAEE Energy Forum. The object is to spur discussions and debate among members. Provision has also been made to publish letters from readers to stimulate comment on articles appearing in the Forum and other items of interest. This first issue of the Energy Forum for the Second Quarter of 2008 contains six articles related to the electrical system. Shalini P. Vajjhala writes on Siting Difficulty and Transmission Investment; Auden Botterud and Gerard Doorman write on Generation Investment and Capacity Adequacy in Electricity Markets; Paul Giesbertz and Machiel Mulder write on Economics of Interconnection: the Case of the Northwest European Electricity Market; Richard Benjamin writes on Generation, Transmission, and the Load Pocket Problem; Lynne Chester writes on The Parlous Investment Environment for Australian Electricity Generation and Transmission; and Malcolm Shealy and James Donan write on Forecasting Chinese Energy Demand: Is the World in Denial?.

The Energy Forum is published by the IAEE at 28790 Chagrin Boulevard, Suite 350, Cleveland, Ohio, 44122. (Fax: 216-464-2737; E-Mail: IAEE@IAEE.org; Web: www.IAEE.org)

Canadian Energy Up-Date for February 2008

New Reports

Canada's Fossil Energy Future: The Way Forward on Carbon Capture and Storage

The Canada-Alberta ecoENERGY Carbon Capture and Storage Task Force was commissioned jointly by the Federal Government and the Government of Alberta in March 2007 with Steve Snyder, President and Chief Executive Officer of TransAlta Corporation, as the Chair. The Final Report to the two Ministers, Hon. Gary Lunn and Hon. Mel Knight, was dated 9 January 2008 and released on 31 January 2008. The purpose of the report was to provide advice on how governments and industry can work together to facilitate and support the development of carbon capture and storage (CCS) opportunities in Canada. Alberta is a large and growing emittor of greenhouse gases but also has special advantages in this field in that it has identified extensive possibilities for the storage of carbon dioxide. There is also relevant experience in the province with the current practice of disposing of separated acid gas streams (carbon dioxide plus hydrogen sulphide) in underground formations.

The main recommendations of the Task Force are expressed in a list of three Immediate Actions. In Immediate Action #1, the two governments should allocate about $2 billion in new public funding to leverage the billions of dollars of industry investment in the first CCS projects. The modus operandi would be to call for Requests for Proposals (RFPs) to aim at a reduction of five million tonnes of carbon dioxide by 2015. Immediate Action #2 calls for regulatory clarity to move the first CCS projects forward by legislation and regulation related to pore-space ownership and disposition rights; by clearly articulating the terms for the transfer of long-term liability from industry to government; and by increasing the transparency of the regulatory processes. Immediate Action #3 calls upon the governments to ensure as much opportunity for CCS projects under GHG regulatory frameworks as for any other qualifying emission reduction option. Specifically, the Task Force recommends that CCS should be recognized formally as an eligible activity for the generation of offset credits, for meeting a regulated entity's internal GHG reduction obligation, or for both. Enhanced oil recovery operations should be treated no differently than those of other storage activities such as direct storage in deep saline aquifers.

Copies of the Report of the Task Force may be downloaded in .pdf format at www.nrcan-rncan.gc.ca. The Executive Summary may be downloaded separately.

Newsletter of the International Association for Energy Economics

The Newsletter of the International Association for Energy Economics (IAEE) for the First Quarter of 2008 focuses on the generation and transmission of electricity. Robert Eric Borgstrom writes on Mobilizing Resources for Power Sector Development: A Cautionary Note about `Regulation by Contract'; Tobey Winters writes on Should the U.S. Coal Option be Preserved?; Danielle Devogelaer and Dominique Gusbin on How Could GHG Reduction Targets Beyond 2012 Influence Investments in Electricity in Belgium?; Reinhard Haas, Christian Redl and Hans Auer on Mid-Term Perspectives for the Western/Central European Electricity Market; Jorgen Bjorndalen and Torkel Bugten on Economics of Interconnection; and Akin Iwayemi on Investment in Electricity Generation and Transmission in Nigeria: Issues and Options.

The Newsletter may be obtained from the IAEE at 28790 Chagrin Boulevard, Suite 350, Cleveland, Ohio, 44122. (Fax: 216-464-2737; E-Mail: IAEE@IAEE.org; Web: www.IAEE.org)

Canadian Energy Up-Date for November 2007

New Reports

Newsletter of the International Association for Energy Economics

The Newsletter of the International Association for Energy Economics (IAEE) for the Fourth Quarter of 2007 focuses on the theme of climate change policy. Victor Niemeyer writes on Climate Policy Risk to Generation Value in a Competitive Market; Tom-Reiel Heggedal and Snorre Kverndokk write on The Cost of Greenhouse Gas Mitigation in Europe - Kyoto and Beyond; Vlasis Oikonnomou and Wytze van der Gaast on Making Policy Instruments for the Post 2012 Era: Joint Implementation and White Certificates as a Hybrid Scheme; Michael Schuetz, Michael Kilpper amd Michael Fraas on Issues and Questions: The European Council's Energy Action Plan; Ignacio Perez-Arriaga, Pedro Linaires, Carlos Batlle and Julian Barquin on The Major Elements for a Global Climate Strategy Beyond 2012; and Carole Nakhle on Energy and Climate - No Need for Conflict. Ricardo Raineri also writes on Chronicle of a Crisis Foretold: Energy Sources in Chile.

The Newsletter may be obtained from the IAEE at 28790 Chagrin Boulevard, Suite 350, Cleveland, Ohio, 44122. (Fax: 216-464-2737; E-Mail: IAEE@IAEE.org; Web: www.IAEE.org)

Canadian Energy Up-Date for January 2008

New Reports

Getting to 2050: Canada's Transition to a Low-Emission Future

The previous Minister of the Environment, Hon. Rona Ambrose, called upon the National Roundtable on the Environment and the Economy for advice on the reduction of Canada's air emissions from this publically-funded but independent agency on 10 November 2006. The resulting report, entitled as above but with the subtitle `advice for long-term reductions of greenhouse gases and air pollution,' was released on 7 January 2008. There are four main chapters - Introduction, Managing the Transition to a Low-emission Future, Key Findings and Recommendations, and Looking Ahead - together with an Executive Summary and Appendices. The most central recommendation by the panel of experts assembled from across the country to conduct this study is to establish an economy-wide price on carbon as soon as possible though no specifc level was specified.

As far as greenhouse gases are concerned, the report focusses on market-based solutions whether in the form of an emissions tax or a cap-and-trade system or a combination of the two. The price of oil used in the economic modelling is, however, substantially below present levels on trading markets. It is unclear what the government's final response to this report will be but it has been careful not to endorse a carbon tax at the present time. The authors of this report also see opportunities in this situation as stated in the following paragraph: `Climate change action is not just an economic cost but offers the prospect of certain economic opportunities and benefits to society. Becoming a `clean energy superpower,' for example, implies a leading innovative role for Canada in identifying, developing and deploying new climate change technologies that can be exported or otherwise assigned value. This is an important shift in approach that needs to be contemplated as part of an evaluation of the potential benefits of addressing climate change.'

Copies of this report (ISBN 978-1-894737-14-2) of 54 pages plus seven appendices (available in either English or French) may be downloaded from the Web Site of the National Roundtable at www.nrtee-trnee.ca in.pdf form. (National Round Table on the Environment and the Economy, 344 Slater Street, Suite 200, Ottawa, Ontario K1R 7Y3. Fax: 613-992-7385; E-Mail: admin@nrtee-trnee.ca)

Short Notes