Phase 3 Share your ideas! (Completed) March 19 - April 2

Environmental Attributes (EA) for Business

The Plugging In: Opportunities to Procure Renewable Energy for Nonutility Companies and Institutiona in Alberta by the Pembina Institute and the Rocky Mountain Institute for Calgary Economic Development outlines a complex process for Information Technology, Consumer goods and other corporations to purchase renewable energy through environmental attributes (EAs) Simplifying this process by certifying environmental attributes of projects within the city of Calgary and the resulting additional GHG emissions will help facilitate this environmental attribute process, ensure additionality and allow corporations to meet sustainability targets. Other projects such as transit could be added into the mix of environmental attributes which reduce GHG emissions. The certification of environmental attributes removes the risk for both corporations and environmental projects which reduce GHG emissions.

Why is this an ambitious idea?

To meet Canada's climate change targets in 2050, business must be engaged. As per the government of Canada's submission to the UN, this is a monumental task and a transition of our society.

How do we measure the effectiveness of this idea?

The effectiveness of this idea can be measured by the number of Environmental attribute (EA) contracts, the dollar value of the contracts, the number of environmental GHG projects and the number of companies participating.

How is this idea attainable through the use of technology or data?

Information Technology companies and consumer good companies have set targets for 100% renewable energy. This is done using a very risky virtual power purchase agreement (VPPA) process. By simplifying and certifying the environmental attribute (EA) process, it allows IT companies to meet the renewable energy targets.

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Submission No. 198