Newfoundland and Labrador has an economy that is largely dependent on oil and natural resources. In 2010, oil royalties accounted for over 30% of provincial revenue. Dramatic swings in volatile commodity prices create severe challenges for social programs and spending. Decarbonization - the process of decoupling human activity from the emission of greenhouse gases - will be a significant challenge, yet it’s one that we must meet, both morally and practically. We cannot assume humanity will fail to decarbonize - and if that is true, then it follows that we cannot assume a robust market will exist for product that hastens climate breakdown.
So far, no strategy has been created that aligns NL’s development with the targets identified in the IPCC report. Therefore, it is up to all of us to come up with an action plan.
The purpose of Decarbonize NL is to unleash the creativity, passion, ingenuity, and entrepreneurial spirit of Newfoundland and Labrador - to bring together enthusiastic members of academia, government, industry, Indigenous communities, non-profits, and the general public to outline what we can do, not just to meet or exceed the IPCC targets in NL, but also to build the prosperous, just, and sustainable economy that we all deserve.
The Decarbonize Newfoundland and Labrador Conference took place in St. John’s Newfoundland (YYT) on July 11-12, 2019 at the Signal Hill Campus of Memorial University.
The conference featured expert panelists from across disciplines. All delegates were given the opportunity to participate in crafting this vision for the future of our province.