The New CIA - China, India & America John N. Doggett, JD, MBA, Senior Lecturer Global Management, Entrepreneurship & Sustainability and Energy McCombs School of Business Senior Research Fellow, IC 2 Institute University of Texas at Austin [email protected]March 25 2010
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
The New CIA - China, India & America
John N. Doggett, JD, MBA, Senior Lecturer
Global Management, Entrepreneurship & Sustainability and Energy
Energy usage per capita (oil equivalent litres per person per year)
GDP per capita (1990 US dollars per person per year)
India
South Korea
China
Japan
UK
Australia
US
Source: GGDC, BP, GSJBW
Source: Roopa Purushothaman, Goldman
Sachs, BRICs Report 2003
Japan
UK
South Korea
Unprecedented Energy Growth
China became the World’s Largest Emitter
of energy-related CO2 in 2008.
China will become the World’s Largest
Consumer of Energy in 2010.
From 2007 and 2030, China will install
more new electricity generating capacity
than exists in the United States in 2007
World Energy needs in 2030 will be 55%
higher than in 2006
China and India will = 45% of this new
demand
World Energy Outlook - 2007
China’s Exploding Energy Demand
China’s Primary Energy demand will more than double from 1,742 million toe in 2005 to 3,819 million toe in 2030 ( 3.2% annual growth rate)
In 2005, the United States used 1/3 more energy than China
By 2010, China will use more energy than the United States
China’s primary energy demand will grow by 5.1% until 2015
World Energy Outlook - 2007
China’s Generation Growth Curve
New York Times - May 11, 2009
China Is Innovating
New York Times - May 11, 2009
China, India and Coal
Coal produces 80% of China’s power.
China uses more coal than the US, Europe and Japan . . . Combined.
China is the leading builder of supercritical and ultra-supercritical coal plants.
Indian and Chinese companies have been
buying coal assets abroad, especially in
Africa.
India's National Aluminum Co. wants to buy a
coal asset in Indonesia with at least 200
million metric tons of reserves.
New York Times - May 11, 2009, WSJ & Professor Doggett Analysis
Progress Comes at a Steep Price
Source: New York Times, 8/25/2007
The Chinese People Hate Dirty Air
They Hate Dirty Water
The Clock is Ticking
The Guardian - June 20, 2007 Peter Parks/AFP
This “Air” Doesn’t Stay in China
WSJ - Science Journal - July 7, 2007
Global Air Currents
“On some days, almost a third of the air over Los Angeles and San Francisco can be traced directly to Asia. With it comes up to three-quarters of the black carbon particulate pollution that reaches the West Coast.”
We are #2!
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
11,000
12,000
1990 1995 2000 2005 2010 2015 2020 2025 2030
China
USA
OECD Europe
Russia
India
Japan
Year
MMT CO2 Projected CO2 Emissions 2
1 China, Choking On Growth – Part I. New York Times, 26 Aug 2007.
2 International Energy Outlook – Table A10, U.S. Energy Information Administration (EIA)
China Is Moving Fast
China has doubled its total wind energy capacity in each of the past four years.
China will pass the US this year to become the largest market for wind turbines in the world.
China will build more new nuclear power plants than any country for the next two decades.
HSBC predicts that China will spend more on renewable and nukes than coal and oil electricity generating plants.
New York Times, July 2, 2009 and Professor Doggett Analysis
Growing at the Speed of Wind
2008 target = 5,000 megawatts by 2010
March 2009 target = 10,000 megawatts
by 2010
July 2009 target = 30,000 megawatts by
2010
This was the target for 2020 three years ago
Dunhuang – China’s Green Desert
Becoming a Renewable Energy Giant
China is building six massive wind
farms across the country.
Each has the generating capacity of 16 large
coal-fired plants
Each of the six projects “totally dwarfs
anything else, anywhere else in the
world,” Steve Sawyer, the secretary general of the Global
Wind Energy Council, an industry group in Brussels.
Lone Star, Meet Red Star
China inks $1.5 Billion Wind-Power
Deal in Texas (WSJ 10/29/09)
Largest U.S.-China Joint Investment in American
Renewable Energy to Date
First U.S.-China Joint Venture in Utility-Scale
Wind Power Project
Chinese banks will finance the deal
Year old Chinese wind turbine
company will make the wind turbines
China has received $1 billion in UN
Climate Subsidies
WHAT THE HECK DO WE DO?
Anyone Still Question Whether We are in the midst of a S.I.P.?
Drain Brains! Immigrants started 25% of U.S. public companies