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Priorities for 2010 and Beyond Prioridades para 2010 y allende Priorités pour 2010 et les années suivantes Michal C. Moore / University of Calgary Los Cabos, México – 1 December/diciembre/décembre 2009 Commission for Environmental Cooperation Comisión para la Cooperación Ambiental Commission de coopération environnementale Climate Change – Low-Carbon Economy What are the most important environmental challenges facing Canada, Mexico and the United States? 1. Climate Change Real or Imagined? Anthropogenic? Probability (with limited data sets) Uncertainty vs Risk The possibility of collapse vs decline 2. Carbon Emissions CO2 Carbon black CH4 Surface albedo and air quality 3. Regional Differences dictate different regional strategies and responses weather patterns agricultural output forestry currents and water temperature Commission for Environmental Cooperation Climate Change – Low-Carbon Economy What are the most important opportunities for actions achievable within five years? 1. Efficiency and certainty rules and regulations investment and return political and market stability new insurance rules 2. Information and modeling policy-friendly realistic time frames interactive 3. Commission for Environmental Cooperation Demonstration projects joint monitoring and data sharing Identification and characterization of carbon storage Climate Change – Low-Carbon Economy How can these actions be advanced through trilateral cooperation? 1. Advocate the development of a North American Energy Plan with Carbon Control Strategies 2. Identify for Policy Makers and Regulators changing energy demand and supply characteristics demand management through more transparent pricing cheaper fuels more electric systems alternative energy systems 3. Adopt common regulatory standards for energy development and transfers 4. Develop longer-term financing instruments Commission for Environmental Cooperation The Hedge Strategy Hedge Climate Change is not real Climate Change is real Lost money for alternatives Win Do Not Hedge No change Lose