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P A U L Y O U N G C P A C G A
N O V E M B E R 3 , 2 0 2 2
MITIGATION THE IMPACT OF CLIMATE CHANGE WHILE GROWING THE
GREEN AND CIRCULAR ECONOMY IN A SUSTAINABLE WAY
Paul Young - Bio
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
YouTube - https://www.youtube.com/user/youngercga1968/videos
Agenda
• Global GDP Forecast
• Critical Metals
• GDP vs Clean Technology GDP – Canada
• Global Emissions
• Forest Management
• What is a Circular Economy?
• Top Ranking Sustainable Economies
• Canada Economy
• Canada Environmental
• Plastics GDP importance
• Taxation and Environment
• Cost to Serve Model
• Mitigation of Climate Change
• Forest and Wildfires
• Water Management
• Hurricanes
• Cruise Ships
• Budget 2022 / Canada
• Urban vs Rural Planning
• Fear of Green Inflation
• What’s Next?
Latest Forecast
PRESENTATI, ON TITLE 2/11/20XX 4
Summary
PRESENTATION TITLE 2/11/20XX 5
Summary
• Concerns over housing debt and affordable housing are driving down markets
• Access to critical metals has become a growing concerns for countries trying to shift to cleaner economic policies
• Lack of focus on systemic issues with inflation
• Supply chain disruptions continue to plague global supply chains
• High inflation is challenge for global central banks
• Threat of recession continues to rise each week
• Bear market could lead to issues with pension solvency
Blog – Stock Market for WE October 28, 2022
BottomLine_2022102
8.pdf
weekly-economic-wa
tch.pdf
Earnings and Interest
Rates, Obviously.pdf
Dow surges more
than 800 points on the back of record oil profits CNN Business.pdf
3 Major Impacts Of
Inflation On Global Supply Chains.pdf
Top global
economics stories that you need to read this week World Economic Forum.pdf
U.S. manufacturing
cycle likely peaked in third quarter Kemp Financial Post.pdf
Commodity stocks,
Natwest drag FTSE 100 lower Financial Post.pdf
Geopolitical News
Analysis and Forecasting Geopolitical Monitor.pdf
U.S. LNG Cannot
Replace The Russian Natural Gas That Europe Has Lost OilPrice.com.pdf
Baystreet.ca - Oil
Prices Poised For A 3_ Weekly Gain.pdf
Indoor agriculture
has sustainable potential to feed Canada, others, year round experts - National Globalnews.ca.pdf
3 Big Things Today,
October 28, 2022 Successful Farming.pdf
EU’s New ESG
Reporting Rules Will Apply to Many US Issuers __ Cooley __ Global Law Firm.pdf
David Rosenberg
Canada's housing bubble has burst — now brace yourself for the economic hit.pdf
As the Bank of
Canada slows the pace of rate hikes, high quality bonds may offer a haven Sun Life Global Investments.pdf
China Faces Tough
Choices in Currency Defense as Yuan Weakens - Bloomberg.pdf
Stock market news
live updates Stocks surge as Apple boom outweighs Amazon miss.pdf
Stock Market
U.S. equities rallied Friday, as an earnings beat from Apple helped stocks elbow their way past a
week of Wall Street misses for Big Tech.
The S&P 500 (^GSPC) gained 2.5%. The Dow Jones Industrial Average (^DJI) bounced more
than 800 points, or 2.6%, to a two-month high, as it also notched a fourth-straight week of gains
and its best week of the year. The tech-heavy Nasdaq Composite (^IXI) rose 2.9%. The moves
came even as Treasury yields climbed back above 4%.
On the economic data front, the Federal Reserve’s preferred inflation measure showed prices are
still running hot across the U.S. economy.
The core personal consumption expenditures price index (PCE) rose 0.5% in September from the
prior month, the Commerce Department said Friday — a slight slowdown from August's month-
over-month pace of 0.6%. The gauge showed a 5.1% increase year over year, an acceleration
from the annual 4.9% seen in August. Economists surveyed by Bloomberg expected increases of
0.5%, and 5.2%, respectively.
Personal income increased 0.4% over the month and consumer spending 0.6%, compared to
economist estimates of 0.4% increases for each measure.
Amazon (AMZN) shares tanked nearly 7% Friday after the e-commerce giant issued fourth-
quarter sales guidance that missed Wall Street estimates and delivered disappointing Q3 results.
The flub marks the second consecutive quarter that weak financials from the company have
spurred double-digit percentage declines in its stock price.
Source - https://finance.yahoo.com/news/stock-market-news-live-updates-october-28-2022-
114821770.html
https://www.slideshare.net/paulyoungcga/what-is-up-with-
the-stock-market-for-we-october-28-2022pptx
Critical Metals
Critical Metals Supply
TD Bank - Clean
Energy - Supply Chain.pdf
Critical Metals
Supply
TD Bank - Clean
Energy - Supply Chain.pdf
Power Generation
TD Bank - Clean
Energy - Supply Chain.pdf
Canada generates over 80% of its electricity from clean sources.
Canada generates about 11% of its power needs from Natural Gas. Canada’s clean electrical grid is one the best in the G20.
Upgrading the world power grid will cost billions
Raw material costs continue to plague the green energy sector.
GDP vs Clean Technology
Clean Technology and Environment
Countries leading the charge for the Circular
Economy
Source - https://www.construcia.com/en/noticias/which-countries-are-leading-the-change-in-circular-
economy/
• The Netherlands
• France
• Italy
• Germany
• Luxembourg
• Belgium
• Portugal
• Spain
Top 20 Sustainable
Companies
Source - https://www.corporateknights.com/channels/leadership/2021-
global-100-ranking-16115328/
Green Future
WEF and Circular
Economy.pdf
Global Emissions
Emissions per square KM
https://policyoptions.irpp.org/magazines/february-2022/embracing-the-unknown-cost-of-climate-
change/
Canada is a carbon sink! https://financialpost.com/diane-francis/diane-francis-canada-is-a-giant-
carbon-sink-why-are-we-not-getting-credit-for-it or https://policyoptions.irpp.org/magazines/june-
2018/canadas-carbon-sinks-dont-mean-we-can-ease-off-on-climate-policy/ or
https://biv.com/article/2020/08/bc-carbon-tax-ineffective-ceri
Environmental Spending
Blog – Forestry
Movement towards sustainable forests - https://www.forestryforthefuture.ca/posts/sustainable-forest-
management-will-help-drive-our-net-zero-future. Canada forest practices need to improve as part of mitigating
the changes to climate.
Canada has 9% of the total forest - https://www.ccfm.org/healthy-forests/vast-and-abundant-forests/
Russia is looking at their forest management practices as part of their carbon footprint -
https://www.bnnbloomberg.ca/russia-wants-to-use-a-forest-bigger-than-india-to-offset-carbon-1.1580883. Russia
has 20% of the forest. If you combine Canada with Russia, then 1/3 of the earth forest come from Canada and
Russia.
New research, published in Nature Climate Change and available on Global Forest Watch, found that the world’s
forests sequestered about twice as much carbon dioxide as they emitted between 2001 and 2019. In other words,
forests provide a "carbon sink" that absorbs a net 7.6 billion metric tons of CO2 per year, 1.5 times more carbon
than the United States emits annually.
https://www.greenbiz.com/article/new-data-allows-scientists-accurately-measure-carbon-flux-forests
Companies are revisiting their sawmills investments - https://www.woodbusiness.ca/maximizing-potential-
industry-veteran-leads-the-charge-to-upgrade-ontario-mill/
Drones and Forest Management
Iris Automation The
Best Forestry Drones for Forest Management.pdf
Circular Economy
Source - https://reports.weforum.org/toward-the-circular-economy-accelerating-the-scale-
up-across-global-supply-chains/from-linear-to-circular-accelerating-a-proven-concept/
Recycling / Countries
Source - https://www.energydigital.com/smart-energy/which-countries-are-best-recycling or
https://www.greencitytimes.com/recycling-global-report-card/
Recycling Countries and the Environment
Source - OECD
Source - https://epi.yale.edu/
Material Footprint
Source - https://www.cpacanada.ca/en/news/pivot-magazine/2020-03-10-canada-recycling-system or OECD
Canada Economy
• Zero Waste footprint - https://www.bnnbloomberg.ca/businesses-aim-to-reduce-waste-in-2020-as-consumers-
become-more-eco-conscious-1.1372149
• Energy from Waste - https://www.grandviewresearch.com/industry-analysis/waste-to-energy-technology-industry
• December 2020 and November 2020 Scorecard - https://www.slideshare.net/paulyoungcga/scorecard-and-gdp-
canada-december-2020-and-november-2020
• Canada Scorecard https://www.slideshare.net/paulyoungcga/key-macro-and-micro-indicators-for-canada-
december-2020-and-january-2021
• Canada Scorecard - https://www.slideshare.net/paulyoungcga/key-macro-and-micro-indicators-canada-april-2021-
and-march-201
• Canada Scorecard - https://www.slideshare.net/paulyoungcga/canada-economic-and-fiscal-scorecard-april-2021-
and-may-2021
O&G GDP continues to expand.
Hiking the carbon tax is great for a sluggish economy.
Real Estate prices have exploded across the world.
The green economy isn't sustainable without more direct govt subsidies.
https://www.slideshare.net/paulyoungcga/gdp-analysis-and-commentary-canadajanuary-2021
Bank of Canada / Monetary Policies
• There are issues with GDP: a) Productivity b) FDI
outflow c) Lack of innovation d) Higher Commodities e)
government deficits and taxes
• About 40% of the job vacancies are with jobs that pay
less than the average wage
• Size of household debt continues to be an issue
• Lack of affordable housing options
• Global Trade and protectionism
Source - https://www.slideshare.net/paulyoungcga/bmo-7-
reasons-to-be-exciting-about-the-canadian-economy
My concerns with the BOC saying inflation dropping from 5.3% in 2022 to 2018 is not realistic and here is why:
• Liberals plan hikes to carbon tax - https://nationalpost.com/news/politics/federal-carbon-tax-to-increase-to-170-per-tonne-
by-2030-as-liberals-unveil-new-climate-plan
• Critical metals have risk due to supply and refinement capacity issues. https://oilprice.com/Latest-Energy-News/World-
News/America-Desperately-Needs-To-Scale-Up-Battery-Metal-Production.html
• Huge capital needs to be spent on areas like the electrical grid and plug-in stations (electrical vehicle adoption)
• Housing issues will continue to plague the cost of housing – https://www.slideshare.net/paulyoungcga/housing-and-
homelessness-canada-and-the-world-budget-2022-pptx
• Automation will also play a key role with organizations managing their costs -
https://www.slideshare.net/paulyoungcga/what-is-next-for-automation
My work - https://www.slideshare.net/paulyoungcga/preliminary-cost-of-living-canada-february-2022pptx
Plastics and GDP
• The petrochemical sector is very important to economies of Alberta, Ontario and other provinces -
https://www.kallanishenergy.com/2020/07/13/alberta-seeks-to-boost-petrochemical-industry/
• Plastics play a vital role with many parts of the economy including medical equipment and supplies -
https://pvcmed.org/healthcare/when-plastics-revolutionised-healthcare/
• Government needs to put more focus on reshoring parts of the supply chain -
https://www.slideshare.net/paulyoungcga/tranformation-of-supply-chains
• Hospitality sector is already struggling with current restrictions -
https://www.slideshare.net/paulyoungcga/analysis-of-the-hospitality-sector
Environment and Waste (2018)
Taxation and Environment
In 2018, Canadian businesses spent $9.7 billion to reduce impacts on the environment, up 15%
from 2016. In Canada, 9 out of 10 businesses invested in at least one environmental protection activity.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/210126/dq210126b-eng.htm
Emissions are expected to rebound in 2021 - https://www.iea.org/data-and-statistics/charts/projected-
global-change-in-co2-emissions-2020-and-2021
China is implementing a cap and trade system - https://www.straitstimes.com/asia/east-asia/china-to-
launch-carbon-emissions-trading-scheme-next-month - China has 250+ coal-fired plants under construction -
https://www.reuters.com/article/china-coal-idUSL4N2E20HS
Challenges for 2021 - https://boereport.com/2020/12/31/energy-in-2021-the-challenges-of-the-coming-year/
COVID19 - https://www.nature.com/articles/d41586-021-00090-3
My work - https://www.slideshare.net/paulyoungcga/protecting-the-environment-and-climate-change-taxes-and-spending-canada
Carbon Taxation / PBO Yet the PBO said that is not the case, right!
https://www.pbo-
dpb.gc.ca/en/blog/news/RP-2122-032-S--
distributional-analysis-federal-carbon-
pricing-under-healthy-environment-healthy-
economy--une-analyse-distributive-
tarification-federale-carbone-dans-cadre-
plan-un-environnement-sain-une-eco
@Twitter
Guilbeault is deliberately misleading
Canadians with this tweet!
Cruise Ships and Emissions
Did you charge them the carbon tax?
https://www.cbc.ca/radio/asithappens/as-
it-happens-wednesday-edition-
1.4277147/a-cruise-ship-s-emissions-are-
the-same-as-1-million-cars-report-
1.4277180
https://www.slideshare.net/paulyoungcga
/mitigation-the-impact-of-climate-
change-while-growing-the-green-and-
circular-economy-in-a-sustainable-way-
pptx
Canada Federal Budget 2022 / Environment
The rent-own program is a bad program
The super clusters are a bad program
LPC killed a bill banning sewage
dumping. Now you want to protect water
ways.
Productivity & high inflation were not
addressed
https://www.slideshare.net/paulyoungcga/
budget-2022-path-forward-for-canada-
pptx
Cost to Serve Model
• Companies will include any additional costs as part of their end pricing to consumers -
https://www150.statcan.gc.ca/n1/daily-quotidien/181214/dq181214d-eng.htm
• Government is planning more hikes to carbon tax along with adding a new tax for the fuel standard. Any
additional costs will be pushed on to consumers through higher prices - https://www.newswire.ca/news-
releases/clean-fuels-standard-will-increase-household-costs-for-canadians-capp-819531042.html
• Food costs have been rising over the past few years - https://farmworktofeedcanada.ca/food-prices-projected-
to-rise-in-coming-months/
• Liberals ran on a platform to make things more affordable -
https://www.slideshare.net/paulyoungcga/justin-trudeau-and-liberals-have-liberal-policies-made-things-
more-affordable-for-canadians
How to mitigate the impact of Climate
Change
Blog – How to Mitigate issues with Climate Change.
Here is my work on climate change including the threats to both the private and public sectors.
https://www.slideshare.net/paulyoungcga/how-to-mitigate-the-threats-of-climate-change
Increase monitoring through Industry 4.0
All levels of government need to look at better monitoring of their various geographies through
deployment of solutions like Maximo - https://ibm.box.com/s/ow662tdpto1c1p6d9u2waqxwli40x0la
Increase monitoring should be part of any risk management policies and procedures, especially as data
from monitoring tools can be integrated into solutions like Cognos Analytics and Planning Analytics
Working with Weather Analytics and Services
Climate change is here to stay. How everyone adjusts to climate change will be critical in terms of
safeguarding assets through proper risk mitigation.
Both the private and public sectors need to embrace weather analytics and services into its operations -
https://ibm.box.com/s/p9yzecfcp956l2d7jh25uflo3q8uof6j
Government Policies and Climate Change
There seems to be a battle brewing between various states when it comes to climate change reporting.
https://www.linkedin.com/pulse/what-next-climate-change-reporting-united-states-paul-young/?published=t
I believe that there should be standardized reporting of ESG to provide better info in areas like governance,
environment, and social.
Forest and Wildfires
Climate change is raising average global temperatures, bringing with it longer droughts, with cascading effects for
forests and wildfires. These impacts are highly place-dependent — they are determined by the ecology an
ecosystem and its history of disturbance, like wildfires, insect outbreaks or logging.
Blog – Wildfires and Climate Change – How to mitigate the impact of Wild and Forest Fires -
https://www.linkedin.com/pulse/blog-wildfires-climate-change-how-mitigate-impact-wild-paul-young/?published=t
Hurricanes
Water Management
• Water is a major issue around the globe due to many factors like population growth, food supply, weather
patterns, access to clean drinking water, sewage dumping into waterway, garbage into waterway, etc.
• Desalination plants continue to be more environmentally friendly as part of addressing water demands in
arid land around the world
• More innovation in terms of mini-water treatment plants for remote communities.
• Stiffer environmental laws as pertains to water ways
• The need for better flood mitigation
Here is my work:
I have called out the management of waterways along with poor urban planning for years. If the government was
so concerned about climate change, then why are they failing to mitigate the impact of ice melt or rain on river
systems? https://www.slideshare.net/paulyoungcga/water-management-and-flood-mitigation
Urban Planning
The problem from the get-go has been with proper urban planning including rural vs urban strategy!
It is time for all levels government to look at innovator solutions when it comes to building affordable housing
https://www.slideshare.net/paulyoungcga/urban-and-rural-planning-whats-next
1. Building codes need to revamp to deal with 3-D housing -
https://www.forbes.com/sites/pikeresearch/2019/11/20/3d-printed-homes-quietly-gain-
traction/#74899cc763bd
2. All levels government need to look at proper land management -
https://www.slideshare.net/paulyoungcga/why-do-politicians-play-games-with-the-environment
ESG Reporting
There seems to be a battle brewing between various states when it comes to climate change reporting.
https://www.linkedin.com/pulse/what-next-climate-change-reporting-united-states-paul-young/?published=t
I believe that there should be standardized reporting of ESG to provide better info in areas like governance,
environment, and social. https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce
Insurance
Global insured losses from natural catastrophes surged in the first half of 2021 to $42 billion, the second-highest amount
since 2011.
The preliminary estimate from Zurich-based reinsurer Swiss Re attributed the high loss total to winter storms, intense
heatwaves, and severe flooding across the world.
The insured loss total exceeded the previous ten-year average (2011-2020) of $33 billion. It was second only to the losses in
the first half of 2011, when the Great East Japan earthquake and tsunami and the Christchurch, New Zealand earthquake
pushed the six-month total to $104 billion.
A big contributor in the first half of 2021 was February’s winter storm Uri, a period of extreme cold combined with heavy
snowfall and ice accumulation in the United States. The event took the lives of 164 people, 151 of those in Texas, and
triggered estimated insured losses of $15 billion.
https://www.cfo.com/risk-management/2021/08/weather-catastrophes-drive-near-record-insured-losses/
Here are additional links:
New Insurance reporting standard - https://ibm.box.com/s/mgtzq1mp1h4dxk5ei4ov1tr7dgoyn76e
Risk Mitigation - https://www.slideshare.net/paulyoungcga/how-to-mitigate-geopolitical-risks-as-part-of-safeguarding-your-assets-
249988353
Green Inflation
https://www.blacklocks.ca/carbon-tax-to-slow-growth/
Any time that you add taxes like carbon tax along more environmental regulations there is a cost. This cost is pushed on to
consumers through higher prices. The era of 1.5% to 2.2% inflation is over. The new reality is inflation will range between 3.0%
to 4.5% as part of the new green agenda. The world is combatting climate change through the wrong policies. There are better
approaches to protecting the environmental while growing an economy.
https://www.slideshare.net/paulyoungcga/how-growing-the-circular-and-green-economies-can-mitigate-the-issues-with-climate-
change
https://globalnews.ca/news/8508541/canada-green-transition-inflation/
What’s next?
• All levels of government need to look at all their regulations as part ensuring the environment is protected as well
as supporting GDP growth - https://www.slideshare.net/paulyoungcga/climate-change-environment-analysis-and-
commentary
• Innovations / Plastics Management - https://www.canadianmanufacturing.com/features/canadian-manufacturers-
stand-to-benefit-from-in-house-plastic-shredders/
• Countries around the world need to clean up their recycling practices -
https://www.lovemoney.com/gallerylist/89902/recycling-countries-best-worst
• Carbon taxes are not the answer - https://www.slideshare.net/paulyoungcga/the-real-truth-about-emissions-and-
carbon-taxation
• All levels of government need to work together as part of ensuring businesses in Canada are competitive with their
counterparts around the world - https://www.slideshare.net/paulyoungcga/how-to-fix-competitiveness-through-
government-policy
• GDP is at risk if countries around the world continue to push their progressive agenda -
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy-september-2020
• Innovation should be part of any waste management policy change including approving projects that are waste to
energy - https://www.prnewswire.com/news-releases/global-54-8-bn-waste-to-energy-market-size-share--trends-
analysis-2016-2019--2020-2027--301132220.html
• Tax code change (equipment write-down)
• Environmental approval
Blog – Environment and Climate Change – Circular and Green Economy – November 2022
Canada is a natural carbon sink. More needs to be done to address issues with better land, water,
forestry, and urban planning solutions.
Lithium demand continues to rise. The biggest problem facing lithium is supply and refinement.
More needs to be done to promote molten salt and nuclear reactors as part of addressing energy needs
across the globe.
More investment is happening in areas like hydrogen - https://www.h2-view.com/
Vertical and expert farming continue grow in importance. Currently, there are challenges facing vertical
and expert farming due to lack of capital and government policies that better support environmentally
friendly farming practices.
More needs to be done to promote zero waste through better recycling and burning of waste. Waste to
energy needs to get more focus from all levels of governments.
https://boisedev.com/news/2022/10/31/could-idaho-have-a-waste-to-energy-facility-industry-experts-
talk-challenges-opportunities-at-environmental-summit/
Carbon taxation should be abolished as it has done nothing by driven up the cost.
https://www.princegeorgecitizen.com/opinion/todd-whitcombe-more-than-carbon-tax-behind-gas-
price-hikes-6036786. The better approach to managing the environment is going after waste
management and carbon emissions through tax policies that encourage zero-waste and net zero.
Global economy continues to face many challenges - https://finance.yahoo.com/news/fed-might-global-
economy-break-193000965.html
I have always been about the environment but in a balanced way. I have never support carbon pricing. I
have supported programs that better move both the public and private sector to net zero!
https://www.unilever.com/planet-and-society/take-action/initiative/rethink-recycling-and-join-canadas-
circular-economy/
It is key for global accounting bodies to create unified standards as it relates to ESG reporting -
https://scrubbed.net/blog/how-esg-movement-affects-your-accounting-and-financial-reporting/ or
https://www.3blmedia.com/news/four-five-big-companies-report-gri-standards
Rethink recycling and
join Canada’s circular economy Unilever.pdf
How ESG Movement
Affects Your Accounting and Financial Reporting - Scrubbed.pdf
Four-in-Five Big
Companies Report with GRI Standards.pdf
Environmental
Performance Index Environmental Performance Index_2022.pdf
Canada Ranks High
Among Oil & Gas Producers on Green Future Index 2022 - Canada Action.pdf
Canada
Environmental Performance Index.pdf
One of Canada's
biggest climate tech backers pulls back.pdf
2 Vertical Farms
Closed in The Past Week iGrow News.pdf
Canada has a quarter
of world's soil carbon. Keeping it in the ground could curb climate change, experts say CBC News.pdf
Solid waste diversion
and disposal - Canada.ca.pdf
Europe could be hit
by similar protests against lithium as Serbia.pdf
Ripple effect As
global freshwater basins dry up, the threat to ecosystems and communities grows.pdf

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  • 1. P A U L Y O U N G C P A C G A N O V E M B E R 3 , 2 0 2 2 MITIGATION THE IMPACT OF CLIMATE CHANGE WHILE GROWING THE GREEN AND CIRCULAR ECONOMY IN A SUSTAINABLE WAY
  • 2. Paul Young - Bio • CPA, CGA (1996) • Academia (PF1, FA4, FN2, MU1. and MS2) • SME – Customer Success Management • SME – Risk Management • SME – Close, Consolidate and Reporting • SME – Public Policy • SME – Emerging Technology • SME – Business Process Change • SME – Financial Solutions • SME – Macro/Micro Indicators • SME – Supply Chain Management • SME – Data, AI, Security, and Platform • SME – Internal Controls and Auditing Contact information email: Paul_Young_CGA@hotmail.com LinkedIn: https://www.linkedin.com/in/paul-young-055632b/ SlideShare - https://www.slideshare.net/paulyoungcga Twitter: https://twitter.com/paulyoungcpa YouTube - https://www.youtube.com/user/youngercga1968/videos
  • 3. Agenda • Global GDP Forecast • Critical Metals • GDP vs Clean Technology GDP – Canada • Global Emissions • Forest Management • What is a Circular Economy? • Top Ranking Sustainable Economies • Canada Economy • Canada Environmental • Plastics GDP importance • Taxation and Environment • Cost to Serve Model • Mitigation of Climate Change • Forest and Wildfires • Water Management • Hurricanes • Cruise Ships • Budget 2022 / Canada • Urban vs Rural Planning • Fear of Green Inflation • What’s Next?
  • 4. Latest Forecast PRESENTATI, ON TITLE 2/11/20XX 4
  • 5. Summary PRESENTATION TITLE 2/11/20XX 5 Summary • Concerns over housing debt and affordable housing are driving down markets • Access to critical metals has become a growing concerns for countries trying to shift to cleaner economic policies • Lack of focus on systemic issues with inflation • Supply chain disruptions continue to plague global supply chains • High inflation is challenge for global central banks • Threat of recession continues to rise each week • Bear market could lead to issues with pension solvency Blog – Stock Market for WE October 28, 2022 BottomLine_2022102 8.pdf weekly-economic-wa tch.pdf Earnings and Interest Rates, Obviously.pdf Dow surges more than 800 points on the back of record oil profits CNN Business.pdf 3 Major Impacts Of Inflation On Global Supply Chains.pdf Top global economics stories that you need to read this week World Economic Forum.pdf U.S. manufacturing cycle likely peaked in third quarter Kemp Financial Post.pdf Commodity stocks, Natwest drag FTSE 100 lower Financial Post.pdf Geopolitical News Analysis and Forecasting Geopolitical Monitor.pdf U.S. LNG Cannot Replace The Russian Natural Gas That Europe Has Lost OilPrice.com.pdf Baystreet.ca - Oil Prices Poised For A 3_ Weekly Gain.pdf Indoor agriculture has sustainable potential to feed Canada, others, year round experts - National Globalnews.ca.pdf 3 Big Things Today, October 28, 2022 Successful Farming.pdf EU’s New ESG Reporting Rules Will Apply to Many US Issuers __ Cooley __ Global Law Firm.pdf David Rosenberg Canada's housing bubble has burst — now brace yourself for the economic hit.pdf As the Bank of Canada slows the pace of rate hikes, high quality bonds may offer a haven Sun Life Global Investments.pdf China Faces Tough Choices in Currency Defense as Yuan Weakens - Bloomberg.pdf Stock market news live updates Stocks surge as Apple boom outweighs Amazon miss.pdf Stock Market U.S. equities rallied Friday, as an earnings beat from Apple helped stocks elbow their way past a week of Wall Street misses for Big Tech. The S&P 500 (^GSPC) gained 2.5%. The Dow Jones Industrial Average (^DJI) bounced more than 800 points, or 2.6%, to a two-month high, as it also notched a fourth-straight week of gains and its best week of the year. The tech-heavy Nasdaq Composite (^IXI) rose 2.9%. The moves came even as Treasury yields climbed back above 4%. On the economic data front, the Federal Reserve’s preferred inflation measure showed prices are still running hot across the U.S. economy. The core personal consumption expenditures price index (PCE) rose 0.5% in September from the prior month, the Commerce Department said Friday — a slight slowdown from August's month- over-month pace of 0.6%. The gauge showed a 5.1% increase year over year, an acceleration from the annual 4.9% seen in August. Economists surveyed by Bloomberg expected increases of 0.5%, and 5.2%, respectively. Personal income increased 0.4% over the month and consumer spending 0.6%, compared to economist estimates of 0.4% increases for each measure. Amazon (AMZN) shares tanked nearly 7% Friday after the e-commerce giant issued fourth- quarter sales guidance that missed Wall Street estimates and delivered disappointing Q3 results. The flub marks the second consecutive quarter that weak financials from the company have spurred double-digit percentage declines in its stock price. Source - https://finance.yahoo.com/news/stock-market-news-live-updates-october-28-2022- 114821770.html https://www.slideshare.net/paulyoungcga/what-is-up-with- the-stock-market-for-we-october-28-2022pptx
  • 7. Critical Metals Supply TD Bank - Clean Energy - Supply Chain.pdf
  • 8. Critical Metals Supply TD Bank - Clean Energy - Supply Chain.pdf
  • 9. Power Generation TD Bank - Clean Energy - Supply Chain.pdf Canada generates over 80% of its electricity from clean sources. Canada generates about 11% of its power needs from Natural Gas. Canada’s clean electrical grid is one the best in the G20. Upgrading the world power grid will cost billions Raw material costs continue to plague the green energy sector.
  • 10. GDP vs Clean Technology
  • 11. Clean Technology and Environment
  • 12. Countries leading the charge for the Circular Economy Source - https://www.construcia.com/en/noticias/which-countries-are-leading-the-change-in-circular- economy/ • The Netherlands • France • Italy • Germany • Luxembourg • Belgium • Portugal • Spain
  • 13. Top 20 Sustainable Companies Source - https://www.corporateknights.com/channels/leadership/2021- global-100-ranking-16115328/
  • 14. Green Future WEF and Circular Economy.pdf
  • 16. Emissions per square KM https://policyoptions.irpp.org/magazines/february-2022/embracing-the-unknown-cost-of-climate- change/ Canada is a carbon sink! https://financialpost.com/diane-francis/diane-francis-canada-is-a-giant- carbon-sink-why-are-we-not-getting-credit-for-it or https://policyoptions.irpp.org/magazines/june- 2018/canadas-carbon-sinks-dont-mean-we-can-ease-off-on-climate-policy/ or https://biv.com/article/2020/08/bc-carbon-tax-ineffective-ceri
  • 18. Blog – Forestry Movement towards sustainable forests - https://www.forestryforthefuture.ca/posts/sustainable-forest- management-will-help-drive-our-net-zero-future. Canada forest practices need to improve as part of mitigating the changes to climate. Canada has 9% of the total forest - https://www.ccfm.org/healthy-forests/vast-and-abundant-forests/ Russia is looking at their forest management practices as part of their carbon footprint - https://www.bnnbloomberg.ca/russia-wants-to-use-a-forest-bigger-than-india-to-offset-carbon-1.1580883. Russia has 20% of the forest. If you combine Canada with Russia, then 1/3 of the earth forest come from Canada and Russia. New research, published in Nature Climate Change and available on Global Forest Watch, found that the world’s forests sequestered about twice as much carbon dioxide as they emitted between 2001 and 2019. In other words, forests provide a "carbon sink" that absorbs a net 7.6 billion metric tons of CO2 per year, 1.5 times more carbon than the United States emits annually. https://www.greenbiz.com/article/new-data-allows-scientists-accurately-measure-carbon-flux-forests Companies are revisiting their sawmills investments - https://www.woodbusiness.ca/maximizing-potential- industry-veteran-leads-the-charge-to-upgrade-ontario-mill/
  • 19. Drones and Forest Management Iris Automation The Best Forestry Drones for Forest Management.pdf
  • 20. Circular Economy Source - https://reports.weforum.org/toward-the-circular-economy-accelerating-the-scale- up-across-global-supply-chains/from-linear-to-circular-accelerating-a-proven-concept/
  • 21. Recycling / Countries Source - https://www.energydigital.com/smart-energy/which-countries-are-best-recycling or https://www.greencitytimes.com/recycling-global-report-card/
  • 22. Recycling Countries and the Environment Source - OECD Source - https://epi.yale.edu/
  • 23. Material Footprint Source - https://www.cpacanada.ca/en/news/pivot-magazine/2020-03-10-canada-recycling-system or OECD
  • 24. Canada Economy • Zero Waste footprint - https://www.bnnbloomberg.ca/businesses-aim-to-reduce-waste-in-2020-as-consumers- become-more-eco-conscious-1.1372149 • Energy from Waste - https://www.grandviewresearch.com/industry-analysis/waste-to-energy-technology-industry • December 2020 and November 2020 Scorecard - https://www.slideshare.net/paulyoungcga/scorecard-and-gdp- canada-december-2020-and-november-2020 • Canada Scorecard https://www.slideshare.net/paulyoungcga/key-macro-and-micro-indicators-for-canada- december-2020-and-january-2021 • Canada Scorecard - https://www.slideshare.net/paulyoungcga/key-macro-and-micro-indicators-canada-april-2021- and-march-201 • Canada Scorecard - https://www.slideshare.net/paulyoungcga/canada-economic-and-fiscal-scorecard-april-2021- and-may-2021 O&G GDP continues to expand. Hiking the carbon tax is great for a sluggish economy. Real Estate prices have exploded across the world. The green economy isn't sustainable without more direct govt subsidies. https://www.slideshare.net/paulyoungcga/gdp-analysis-and-commentary-canadajanuary-2021
  • 25. Bank of Canada / Monetary Policies • There are issues with GDP: a) Productivity b) FDI outflow c) Lack of innovation d) Higher Commodities e) government deficits and taxes • About 40% of the job vacancies are with jobs that pay less than the average wage • Size of household debt continues to be an issue • Lack of affordable housing options • Global Trade and protectionism Source - https://www.slideshare.net/paulyoungcga/bmo-7- reasons-to-be-exciting-about-the-canadian-economy My concerns with the BOC saying inflation dropping from 5.3% in 2022 to 2018 is not realistic and here is why: • Liberals plan hikes to carbon tax - https://nationalpost.com/news/politics/federal-carbon-tax-to-increase-to-170-per-tonne- by-2030-as-liberals-unveil-new-climate-plan • Critical metals have risk due to supply and refinement capacity issues. https://oilprice.com/Latest-Energy-News/World- News/America-Desperately-Needs-To-Scale-Up-Battery-Metal-Production.html • Huge capital needs to be spent on areas like the electrical grid and plug-in stations (electrical vehicle adoption) • Housing issues will continue to plague the cost of housing – https://www.slideshare.net/paulyoungcga/housing-and- homelessness-canada-and-the-world-budget-2022-pptx • Automation will also play a key role with organizations managing their costs - https://www.slideshare.net/paulyoungcga/what-is-next-for-automation My work - https://www.slideshare.net/paulyoungcga/preliminary-cost-of-living-canada-february-2022pptx
  • 26. Plastics and GDP • The petrochemical sector is very important to economies of Alberta, Ontario and other provinces - https://www.kallanishenergy.com/2020/07/13/alberta-seeks-to-boost-petrochemical-industry/ • Plastics play a vital role with many parts of the economy including medical equipment and supplies - https://pvcmed.org/healthcare/when-plastics-revolutionised-healthcare/ • Government needs to put more focus on reshoring parts of the supply chain - https://www.slideshare.net/paulyoungcga/tranformation-of-supply-chains • Hospitality sector is already struggling with current restrictions - https://www.slideshare.net/paulyoungcga/analysis-of-the-hospitality-sector
  • 28. Taxation and Environment In 2018, Canadian businesses spent $9.7 billion to reduce impacts on the environment, up 15% from 2016. In Canada, 9 out of 10 businesses invested in at least one environmental protection activity. Source - https://www150.statcan.gc.ca/n1/daily-quotidien/210126/dq210126b-eng.htm Emissions are expected to rebound in 2021 - https://www.iea.org/data-and-statistics/charts/projected- global-change-in-co2-emissions-2020-and-2021 China is implementing a cap and trade system - https://www.straitstimes.com/asia/east-asia/china-to- launch-carbon-emissions-trading-scheme-next-month - China has 250+ coal-fired plants under construction - https://www.reuters.com/article/china-coal-idUSL4N2E20HS Challenges for 2021 - https://boereport.com/2020/12/31/energy-in-2021-the-challenges-of-the-coming-year/ COVID19 - https://www.nature.com/articles/d41586-021-00090-3 My work - https://www.slideshare.net/paulyoungcga/protecting-the-environment-and-climate-change-taxes-and-spending-canada
  • 29. Carbon Taxation / PBO Yet the PBO said that is not the case, right! https://www.pbo- dpb.gc.ca/en/blog/news/RP-2122-032-S-- distributional-analysis-federal-carbon- pricing-under-healthy-environment-healthy- economy--une-analyse-distributive- tarification-federale-carbone-dans-cadre- plan-un-environnement-sain-une-eco @Twitter Guilbeault is deliberately misleading Canadians with this tweet!
  • 30. Cruise Ships and Emissions Did you charge them the carbon tax? https://www.cbc.ca/radio/asithappens/as- it-happens-wednesday-edition- 1.4277147/a-cruise-ship-s-emissions-are- the-same-as-1-million-cars-report- 1.4277180 https://www.slideshare.net/paulyoungcga /mitigation-the-impact-of-climate- change-while-growing-the-green-and- circular-economy-in-a-sustainable-way- pptx
  • 31. Canada Federal Budget 2022 / Environment The rent-own program is a bad program The super clusters are a bad program LPC killed a bill banning sewage dumping. Now you want to protect water ways. Productivity & high inflation were not addressed https://www.slideshare.net/paulyoungcga/ budget-2022-path-forward-for-canada- pptx
  • 32. Cost to Serve Model • Companies will include any additional costs as part of their end pricing to consumers - https://www150.statcan.gc.ca/n1/daily-quotidien/181214/dq181214d-eng.htm • Government is planning more hikes to carbon tax along with adding a new tax for the fuel standard. Any additional costs will be pushed on to consumers through higher prices - https://www.newswire.ca/news- releases/clean-fuels-standard-will-increase-household-costs-for-canadians-capp-819531042.html • Food costs have been rising over the past few years - https://farmworktofeedcanada.ca/food-prices-projected- to-rise-in-coming-months/ • Liberals ran on a platform to make things more affordable - https://www.slideshare.net/paulyoungcga/justin-trudeau-and-liberals-have-liberal-policies-made-things- more-affordable-for-canadians
  • 33. How to mitigate the impact of Climate Change Blog – How to Mitigate issues with Climate Change. Here is my work on climate change including the threats to both the private and public sectors. https://www.slideshare.net/paulyoungcga/how-to-mitigate-the-threats-of-climate-change
  • 34. Increase monitoring through Industry 4.0 All levels of government need to look at better monitoring of their various geographies through deployment of solutions like Maximo - https://ibm.box.com/s/ow662tdpto1c1p6d9u2waqxwli40x0la Increase monitoring should be part of any risk management policies and procedures, especially as data from monitoring tools can be integrated into solutions like Cognos Analytics and Planning Analytics
  • 35. Working with Weather Analytics and Services Climate change is here to stay. How everyone adjusts to climate change will be critical in terms of safeguarding assets through proper risk mitigation. Both the private and public sectors need to embrace weather analytics and services into its operations - https://ibm.box.com/s/p9yzecfcp956l2d7jh25uflo3q8uof6j
  • 36. Government Policies and Climate Change There seems to be a battle brewing between various states when it comes to climate change reporting. https://www.linkedin.com/pulse/what-next-climate-change-reporting-united-states-paul-young/?published=t I believe that there should be standardized reporting of ESG to provide better info in areas like governance, environment, and social.
  • 37. Forest and Wildfires Climate change is raising average global temperatures, bringing with it longer droughts, with cascading effects for forests and wildfires. These impacts are highly place-dependent — they are determined by the ecology an ecosystem and its history of disturbance, like wildfires, insect outbreaks or logging. Blog – Wildfires and Climate Change – How to mitigate the impact of Wild and Forest Fires - https://www.linkedin.com/pulse/blog-wildfires-climate-change-how-mitigate-impact-wild-paul-young/?published=t
  • 39. Water Management • Water is a major issue around the globe due to many factors like population growth, food supply, weather patterns, access to clean drinking water, sewage dumping into waterway, garbage into waterway, etc. • Desalination plants continue to be more environmentally friendly as part of addressing water demands in arid land around the world • More innovation in terms of mini-water treatment plants for remote communities. • Stiffer environmental laws as pertains to water ways • The need for better flood mitigation Here is my work: I have called out the management of waterways along with poor urban planning for years. If the government was so concerned about climate change, then why are they failing to mitigate the impact of ice melt or rain on river systems? https://www.slideshare.net/paulyoungcga/water-management-and-flood-mitigation
  • 40. Urban Planning The problem from the get-go has been with proper urban planning including rural vs urban strategy! It is time for all levels government to look at innovator solutions when it comes to building affordable housing https://www.slideshare.net/paulyoungcga/urban-and-rural-planning-whats-next 1. Building codes need to revamp to deal with 3-D housing - https://www.forbes.com/sites/pikeresearch/2019/11/20/3d-printed-homes-quietly-gain- traction/#74899cc763bd 2. All levels government need to look at proper land management - https://www.slideshare.net/paulyoungcga/why-do-politicians-play-games-with-the-environment
  • 41. ESG Reporting There seems to be a battle brewing between various states when it comes to climate change reporting. https://www.linkedin.com/pulse/what-next-climate-change-reporting-united-states-paul-young/?published=t I believe that there should be standardized reporting of ESG to provide better info in areas like governance, environment, and social. https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce
  • 42. Insurance Global insured losses from natural catastrophes surged in the first half of 2021 to $42 billion, the second-highest amount since 2011. The preliminary estimate from Zurich-based reinsurer Swiss Re attributed the high loss total to winter storms, intense heatwaves, and severe flooding across the world. The insured loss total exceeded the previous ten-year average (2011-2020) of $33 billion. It was second only to the losses in the first half of 2011, when the Great East Japan earthquake and tsunami and the Christchurch, New Zealand earthquake pushed the six-month total to $104 billion. A big contributor in the first half of 2021 was February’s winter storm Uri, a period of extreme cold combined with heavy snowfall and ice accumulation in the United States. The event took the lives of 164 people, 151 of those in Texas, and triggered estimated insured losses of $15 billion. https://www.cfo.com/risk-management/2021/08/weather-catastrophes-drive-near-record-insured-losses/ Here are additional links: New Insurance reporting standard - https://ibm.box.com/s/mgtzq1mp1h4dxk5ei4ov1tr7dgoyn76e Risk Mitigation - https://www.slideshare.net/paulyoungcga/how-to-mitigate-geopolitical-risks-as-part-of-safeguarding-your-assets- 249988353
  • 43. Green Inflation https://www.blacklocks.ca/carbon-tax-to-slow-growth/ Any time that you add taxes like carbon tax along more environmental regulations there is a cost. This cost is pushed on to consumers through higher prices. The era of 1.5% to 2.2% inflation is over. The new reality is inflation will range between 3.0% to 4.5% as part of the new green agenda. The world is combatting climate change through the wrong policies. There are better approaches to protecting the environmental while growing an economy. https://www.slideshare.net/paulyoungcga/how-growing-the-circular-and-green-economies-can-mitigate-the-issues-with-climate- change https://globalnews.ca/news/8508541/canada-green-transition-inflation/
  • 44. What’s next? • All levels of government need to look at all their regulations as part ensuring the environment is protected as well as supporting GDP growth - https://www.slideshare.net/paulyoungcga/climate-change-environment-analysis-and- commentary • Innovations / Plastics Management - https://www.canadianmanufacturing.com/features/canadian-manufacturers- stand-to-benefit-from-in-house-plastic-shredders/ • Countries around the world need to clean up their recycling practices - https://www.lovemoney.com/gallerylist/89902/recycling-countries-best-worst • Carbon taxes are not the answer - https://www.slideshare.net/paulyoungcga/the-real-truth-about-emissions-and- carbon-taxation • All levels of government need to work together as part of ensuring businesses in Canada are competitive with their counterparts around the world - https://www.slideshare.net/paulyoungcga/how-to-fix-competitiveness-through- government-policy • GDP is at risk if countries around the world continue to push their progressive agenda - https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy-september-2020 • Innovation should be part of any waste management policy change including approving projects that are waste to energy - https://www.prnewswire.com/news-releases/global-54-8-bn-waste-to-energy-market-size-share--trends- analysis-2016-2019--2020-2027--301132220.html • Tax code change (equipment write-down) • Environmental approval Blog – Environment and Climate Change – Circular and Green Economy – November 2022 Canada is a natural carbon sink. More needs to be done to address issues with better land, water, forestry, and urban planning solutions. Lithium demand continues to rise. The biggest problem facing lithium is supply and refinement. More needs to be done to promote molten salt and nuclear reactors as part of addressing energy needs across the globe. More investment is happening in areas like hydrogen - https://www.h2-view.com/ Vertical and expert farming continue grow in importance. Currently, there are challenges facing vertical and expert farming due to lack of capital and government policies that better support environmentally friendly farming practices. More needs to be done to promote zero waste through better recycling and burning of waste. Waste to energy needs to get more focus from all levels of governments. https://boisedev.com/news/2022/10/31/could-idaho-have-a-waste-to-energy-facility-industry-experts- talk-challenges-opportunities-at-environmental-summit/ Carbon taxation should be abolished as it has done nothing by driven up the cost. https://www.princegeorgecitizen.com/opinion/todd-whitcombe-more-than-carbon-tax-behind-gas- price-hikes-6036786. The better approach to managing the environment is going after waste management and carbon emissions through tax policies that encourage zero-waste and net zero. Global economy continues to face many challenges - https://finance.yahoo.com/news/fed-might-global- economy-break-193000965.html I have always been about the environment but in a balanced way. I have never support carbon pricing. I have supported programs that better move both the public and private sector to net zero! https://www.unilever.com/planet-and-society/take-action/initiative/rethink-recycling-and-join-canadas- circular-economy/ It is key for global accounting bodies to create unified standards as it relates to ESG reporting - https://scrubbed.net/blog/how-esg-movement-affects-your-accounting-and-financial-reporting/ or https://www.3blmedia.com/news/four-five-big-companies-report-gri-standards Rethink recycling and join Canada’s circular economy Unilever.pdf How ESG Movement Affects Your Accounting and Financial Reporting - Scrubbed.pdf Four-in-Five Big Companies Report with GRI Standards.pdf Environmental Performance Index Environmental Performance Index_2022.pdf Canada Ranks High Among Oil & Gas Producers on Green Future Index 2022 - Canada Action.pdf Canada Environmental Performance Index.pdf One of Canada's biggest climate tech backers pulls back.pdf 2 Vertical Farms Closed in The Past Week iGrow News.pdf Canada has a quarter of world's soil carbon. Keeping it in the ground could curb climate change, experts say CBC News.pdf Solid waste diversion and disposal - Canada.ca.pdf Europe could be hit by similar protests against lithium as Serbia.pdf Ripple effect As global freshwater basins dry up, the threat to ecosystems and communities grows.pdf

Editor's Notes

  1. Blog – What is next for Stock Markets around the World – September 9, 2022 Stock markets around the world continue to be very volatile https://www.slideshare.net/paulyoungcga/what-is-up-with-the-stock-market-for-we-september-9-2022pptx
  2. Source - https://www.careourearth.com/the-list-of-countries-ranked-by-co2-emissions-per-square-kilometer/
  3. Source - https://twitter.com/s_guilbeault/status/1507140414830047246
  4. https://www.mondaq.com/canada/climate-change/1069224/environmental-funding-in-canada39s-2021-federal-budget
  5. Source - https://coast.noaa.gov/states/fast-facts/hurricane-costs.html and https://www.statista.com/chart/11009/hurricanes-over-the-atlantic-basin/ https://www.usatoday.com/story/news/nation/2022/03/24/hurricanes-declining-worldwide-but-damage-increasing/9457647002/ and https://www.census.gov/content/dam/Census/library/stories/2019/07/millions-of-americans-live-coastline-regions-graphic-1.jpg