Calgary, July 6, 2022 – The success of City Council’s Calgary Climate Strategy (CCS) approved yesterday is dependent on a strategy and implementation plan, developed in collaboration with businesses, to provide certainty and predictability.
The Strategy, which establishes a city-wide emissions target of a 60 per cent reduction in GHG emissions below 2005 levels by 2030 and net-zero by 2050, focuses on climate mitigation and adaptation actions. The estimated cost of $87 billion would be borne by all orders of government alongside the private sector. The CCS also describes an estimated $72 billion in energy savings associated with the CCS, with a further $25 billion in net savings by avoiding the impact of climate-related disasters.
Business participation and partnership is essential to the successful implementation of the CCS. As The City moves from strategy development to budget discussions that will support implementation, we urge collaboration, clarity, and consistency for businesses based on the following principles:
- Maintain transparent and stable targets.
Businesses should be consulted on the development of clear and consistent key performance indicators and achievable, long-term goals. - Work with businesses to remove barriers and unlock opportunities.
Businesses need to be equipped, prepared, and supported to develop and implement their own climate actions that complement the CCS targets. - Ensure regulations move at the pace of business.
Timely engagement and consultation with stakeholders including businesses, Business Improvement Areas, and Community Associations to assess and mitigate impacts and develop incentives will encourage meaningful participation.
- Encourage and promote investment attraction and partnerships.
Recognizing the scale of public and private investment needed to implement the CCS, The City must attract, design, and implement programs to incentivize investment, in consultation with businesses.
“We know addressing climate change has become table stakes for companies and the jurisdictions in which they are based. Calgary is no exception. This work sends a signal to the world – and the talent we need to attract to our city – that Calgary is ready to follow through on its climate commitments with action and impact,” says Deborah Yedlin, President and CEO of the Calgary Chamber of Commerce. “To meaningfully contribute, businesses require regulatory certainty from all levels of government. That’s the only way they can risk capital for investment that spans a time frame beyond the election cycle – and makes a difference.”
About the Calgary Chamber
The Calgary Chamber exists to help businesses thrive. As the convenor and catalyst for a vibrant, inclusive, and prosperous business community, the Chamber works to build strength and resilience among its members and position Calgary as a magnet for talent, diversification, and opportunity. As an independent, non-profit, non-partisan organization, we build on our 131-year history to serve and advocate for businesses of all sizes, in all sectors, and across the city.
For media inquiries, please contact media@calgarychamber.com or call 403-750-0414.
