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Energy [r]evolution, Carbon Transition December 2016 Paris Clean Energy Seminar
14

Low carbon economy (abstract)

Feb 19, 2017

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Page 1: Low carbon economy (abstract)

Energy [r]evolution, Carbon Transition

December 2016Paris Clean Energy Seminar

Page 2: Low carbon economy (abstract)

Global energy consumed will have tripled in 60 years

3.7 Mds hab5.0 Mds tep

6.0 Mds hab9.2 Mds tep

8.2 Mds hab15.3 Mds tep

+11% +27%

19701.35 tep/hab

20001.5 tep/hab

20301.9 tep/hab

Source : AIE / BP Stat ReviewPage 3

Page 3: Low carbon economy (abstract)

In 100 years, CO2 emissions have increased 2.8 times

1.33 CO2 MT/Capita100 years

Source : Max Roser, Oxford University, World Data

0.47 CO2 MT/Capita

Page 4

Page 4: Low carbon economy (abstract)

CO2 is not the only GHG responsible for global warming

Greenhouse Gas (GHG) :• 72% carbon dioxide, the better known of all GHG

• 18% methane, 84 x more potent than carbon dioxide

• 8% nitrous oxide, known as laughing gas, 298 x more potent than carbon dioxide

• 1% others especially fluorinated gases (i.e. halocarbons from industrial origin)

Source : Robert A. Rohde, Wikipedia

Greenhouse Gas (GHG) :• 72% carbon dioxide, the better known of all GHG

• 18% methane, 84 x more potent than carbon dioxide

• 8% nitrous oxide, known as laughing gas, 298 x more potent than carbon dioxide

• 1% others especially fluorinated gases (i.e. halocarbons from industrial origin)

Carbon Dioxide Methane Nitrous Oxide

Page 5

Page 5: Low carbon economy (abstract)

On a day-to-day basis our energy mix is based on carbo-hydrate worldwide, France is an exception (nuclear)

Energy Mix Worldwide2014

Energy Consumption Worldwide2014

Source: BP 2015 Energy Data, Eurostat

Fossil energy represents 86% of the energy mix T I H represents about 84% of the world consumption

Page 6

Page 6: Low carbon economy (abstract)

In terms of total emissions, China is leading the pack

Comments :• China is leading the pack in terms of

global emissions and the country is stillemerging

• Fast moving countries such as India orAfrica have not reached their fulleconomic potential yet

• In terms of leading emission / capita,carbohydrate rich countries are leadingthe pack : Qatar (39.1), Kuwait (28.3),UAE (21.3)

• Then Australia (17.3) and the USA(16.5) are the largest contributor /capita

• Taiwan (11.8) still has a margin forimprovement, e.g. France (5.0) …

Source : EU Edgar Database

Comments :• China is leading the pack in terms of

global emissions and the country is stillemerging

• Fast moving countries such as India orAfrica have not reached their fulleconomic potential yet

• In terms of leading emission / capita,carbohydrate rich countries are leadingthe pack : Qatar (39.1), Kuwait (28.3),UAE (21.3)

• Then Australia (17.3) and the USA(16.5) are the largest contributor /capita

• Taiwan (11.8) still has a margin forimprovement, e.g. France (5.0) …

Page 7

Page 7: Low carbon economy (abstract)

Plastic was invented only in 1909, the downside is 5 trillionplastic particles 0.33-1.00 mm in the world seas and oceans

Comments :• Plastic trash is a direct by-product of

the hydrocarbon economy

• Plastic soup decay is a hazard for bothhuman health and bio-diversity

• Plastic bags : avg use of 30mn, 20years to decay, emission of pollutants

• Many of the plastic waste ends up inthe ocean : cigarette buds, foodwrappers, beverage bottles, bags, lids

• In only 100 years, plastic waste havecontaminated the full food chain (fish,birds, marine mamals)

Plastic Demand in EU2014

Comments :• Plastic trash is a direct by-product of

the hydrocarbon economy

• Plastic soup decay is a hazard for bothhuman health and bio-diversity

• Plastic bags : avg use of 30mn, 20years to decay, emission of pollutants

• Many of the plastic waste ends up inthe ocean : cigarette buds, foodwrappers, beverage bottles, bags, lids

• In only 100 years, plastic waste havecontaminated the full food chain (fish,birds, marine mamals)

Page 10

Source: PlasticsEurope

46.3MioT

Page 8: Low carbon economy (abstract)

The decarbonization rate of the world economy points to theright direction but there is still a long way to go (diamond)

Source: IEA, BP, IMF, World Bank, PwC

Page 11

Page 9: Low carbon economy (abstract)

Keeping with the 2°C global carbon budget requires cuttingcarbon intensity by 6.3% every year to 2100

1.3%Businessas usual

Source: IEA, BP, IMF, World Bank, PwC

Page 12

3%a year

6.3%a year

Page 10: Low carbon economy (abstract)

A specific « extraordinary » effort must be done to meet thedecarbonization target but we have proven to be able to do it

Source: IEA, BP, IMF, World Bank, PwC

Page 13

Page 11: Low carbon economy (abstract)

The transition to the low carbon economy represents anattractive market larger than € 1 Trillion worldwide

Conclusions :• The end of the carbon economy is the

beginning of a new world

• Nuclear can help filling in the gap butnot a long term suitable alternative

• CleanTech have sufficient reach toprovide necessary energy for all

• By 2050, the EU have pledged to cutGHG by 80% compared to 1990s levels

• The cost of the switch to clean tech is >€ 1 Tn for the next 4 decade (€ 270 Bnfor Europe only)

Conclusions :• The end of the carbon economy is the

beginning of a new world

• Nuclear can help filling in the gap butnot a long term suitable alternative

• CleanTech have sufficient reach toprovide necessary energy for all

• By 2050, the EU have pledged to cutGHG by 80% compared to 1990s levels

• The cost of the switch to clean tech is >€ 1 Tn for the next 4 decade (€ 270 Bnfor Europe only)

Page 14

Source: EU, 2050 low-carbon economy

Page 12: Low carbon economy (abstract)

Solar still represents a small part of our energy sourcing butin 40 years, the solar watt price was divided by 226 x

Source: Bloomberg, Earth Policy Institute

Page 15

Page 13: Low carbon economy (abstract)

Greentech innovation and regulations will continue to be akey driver to curb carbon dioxide emissions worldwide

Page 16

• Encourage and finance cleantech innovation• Support transition regulation to ease the energy turnaround• Foster individual responsibility to protect our ecosystem

Page 14: Low carbon economy (abstract)

Leading a world of change, together