Transatlantic Dialogue on Climate Change Innovation Drivers by Kevin Fay Executive Director International Climate Change Partnership November 20, 2004 Villa Vigoni, Loveno di Menaggio 2111 Wilson Blvd, 8th Floor, Arlington, VA 22201 Phone: (703) 841-0626 Fax: (703) 243-2874 www.iccp.net
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Transatlantic Dialogue on Climate Change Innovation Drivers by Kevin Fay Executive Director International Climate Change Partnership November 20, 2004.
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Transatlantic Dialogue on Climate ChangeInnovation Drivers
Significant Improvements in Existing and Development of New Technologies Are Required to Stabilize Concentrations
2111 Wilson Blvd, 8th Floor, Arlington, VA 22201 Phone: (703) 841-0626 Fax: (703) 243-2874 www.iccp.net
Source: Edmonds, J.A. and G.M. Stokes. 2004. “Launching a Technology Revolution,” in Climate Policy for the 21st Century: Meeting the Long-Term Challenge of Global Warming, The Brookings Institution, Washington, DC.
Industrial Response
• Coal vs. Gas• Nuclear comeback• LNG• Technology vs. fuel switch
2111 Wilson Blvd, 8th Floor, Arlington, VA 22201 Phone: (703) 841-0626 Fax: (703) 243-2874 www.iccp.net
Access and Supply
• NIMBY (Pipelines and Terminals)• New exploration horizons and regions
2111 Wilson Blvd, 8th Floor, Arlington, VA 22201 Phone: (703) 841-0626 Fax: (703) 243-2874 www.iccp.net
Consumer Demands
• Clean vs. Dirty• Cost of operation• Reliability• Availability
2111 Wilson Blvd, 8th Floor, Arlington, VA 22201 Phone: (703) 841-0626 Fax: (703) 243-2874 www.iccp.net
Future Business Issues for Attention
• Be engaged in all various global efforts• Maintain ability to capture early actions
regardless of regime• Enhance the opportunities for global
trading system
2111 Wilson Blvd, 8th Floor, Arlington, VA 22201 Phone: (703) 841-0626 Fax: (703) 243-2874 www.iccp.net
Macro Points to Monitor
• Assure that changes in demand will be supported by supplies and infrastructure
• That regulatory actions provide certainty and clarity for investment returns
• Flexibility in the ability to meet future targets
2111 Wilson Blvd, 8th Floor, Arlington, VA 22201 Phone: (703) 841-0626 Fax: (703) 243-2874 www.iccp.net
Where’s the Big Bang?
• Utilities• Transportation
2111 Wilson Blvd, 8th Floor, Arlington, VA 22201 Phone: (703) 841-0626 Fax: (703) 243-2874 www.iccp.net
Global GHG Emissions - 2000
2111 Wilson Blvd, 8th Floor, Arlington, VA 22201 Phone: (703) 841-0626 Fax: (703) 243-2874 www.iccp.net
Source: www.epa.gov/methanetomarkets
U.S. Carbon Emissions by Sector
2111 Wilson Blvd, 8th Floor, Arlington, VA 22201 Phone: (703) 841-0626 Fax: (703) 243-2874 www.iccp.net
Source: U.S Department of Commerce, Bureau of Economic Analysis; U.S. Department of Labor, Bureau of Labor Statistics
Technological Breakthroughs Will Save Trillions of Dollars While Stabilizing Concentrations
2111 Wilson Blvd, 8th Floor, Arlington, VA 22201 Phone: (703) 841-0626 Fax: (703) 243-2874 www.iccp.net
Source: Edmonds, J.A. and G.M. Stokes. 2004. “Launching a Technology Revolution,” in Climate Policy for the 21st Century: Meeting the Long-Term Challenge of Global Warming, The Brookings Institution, Washington, DC.
Developing Carbon Capture and Sequestration Technologies Can Save Hundreds of Billions of Dollars
2111 Wilson Blvd, 8th Floor, Arlington, VA 22201 Phone: (703) 841-0626 Fax: (703) 243-2874 www.iccp.net
Source: Edmonds, J.A. and G.M. Stokes. 2004. “Launching a Technology Revolution,” in Climate Policy for the 21st Century: Meeting the Long-Term Challenge of Global Warming, The Brookings Institution, Washington, DC.
Improvements in Energy Intensity Achieve Significant Emission Reductions
2111 Wilson Blvd, 8th Floor, Arlington, VA 22201 Phone: (703) 841-0626 Fax: (703) 243-2874 www.iccp.net
Source: Edmonds, Jae, 2004. Presentation to the Annual Meeting of the Global Energy Technology Strategy Project.
Conclusion
• We need a quantum leap vs. an incremental gain
• We need to provide markets to step forward and provide most of these developments
• We need business and government to work across all of the political time zones
2111 Wilson Blvd, 8th Floor, Arlington, VA 22201 Phone: (703) 841-0626 Fax: (703) 243-2874 www.iccp.net