2030 Energy Strategy slide image

2030 Energy Strategy

10 OUR VISION OF THE NWT ENERGY I By 2030, the NWT will have a secure, affordable and sustainable energy system that is less dependent on fossil fuels and contributes to the economic, social and environmental well-being of the Territory and its residents. This Vision reaffirms the GNWT's commitment to energy affordability and security, while moving the NWT towards a lower carbon economy to address climate change. The Vision places energy decisions within the GNWT's broader goal of promoting the well-being of the NWT and its residents. Principles, Strategic Objectives, and Actions and Direction in this Strategy will help us attain this Vision. OUR GUIDING PRINCIPLES The GNWT will apply the following Principles to guide actions and decisions relating to the use, generation, distribution and regulation of energy in the NWT: • • Secure, Affordable, and Sustainable: The GNWT should balance energy security, affordability, and environmental sustainability in its energy decisions. Shared Responsibility: Reducing greenhouse gas emissions is a shared responsibility between Residents, Governments, Business and Industry. Promote Partnerships: The GNWT should promote partnerships and investment opportunities on energy initiatives-where appropriate with Aboriginal and community governments, businesses, and industry. • Aboriginal and Community Engagement: The GNWT should support involvement, empowerment and capacity-building of Aboriginal governments and communities to participate in energy initiatives, exchange information and perspectives, meet local needs and include local and Traditional Knowledge. Meet our Commitments: The NWT has a responsibility to contribute to Canada's international commitments to reduce GHG emissions. The GNWT will do its part to help Canada achieve its national GHG reduction target. • • Lead by Example: The GNWT should lead the transition to a lower carbon economy by reducing GHG emissions, increasing the use of renewable and alternative energy, and improving energy efficiency within its own operations. • Innovation and Impact: The NWT will investigate and promote innovative solutions that are proven, and have the largest impact in our northern context. Transparent and Accountable: The GNWT should be transparent and accountable in the implementation of the Energy Strategy. OUR ADAPTIVE APPROACH The GNWT has set realistic and achievable Strategic Objectives and supporting Actions and Directions-based on current technology and costs-to achieve its Vision. Technologies improve and costs for energy solutions change over time. Because of this, the GNWT commits to flexible implementation of both the Strategic Objectives and Actions and Directions. Over the course of the 2030 Energy Strategy, the GNWT commits to continuously reassess and validate options and costs of solutions, and adapt the approach to find the best and most economical solutions. The GNWT will re-evaluate the Strategic Objectives after five years to ensure that they represent what is achievable given new technology and opportunities.
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