Renewable Energy & Climate Change An Economic Opportunity with with Climate Change Results.
Climate Change as an Opportunity
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Transcript of Climate Change as an Opportunity
Talking for 2°C,Pledging for 3°C,Heading for 4°C• Global greenhouse gas
emissions over 54 Gt CO2e in 2012
• The least cost pathway towards +2°C would be 42 Gt CO2e by 2030, 22 Gt by 2050
• IPCC warns that global carbon budget for +2C is likely to be exceeded by 2040 and PwC by 2034
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ClimateLeadership Council
The Carbon budget is almost exceeded• The Remaining
budget should be used for reaching the low carbon economy
ClimateLeadership Council Source: IEA World Energy Outlook 2013
The fossil fuels are still too attractive to invest in• Increased use of
fossil fuels has diluted the benefits gained by efficiency improvements and renewables.
Source: IAE
ClimateLeadership Council
1. Integrating climate into economic decisionmakingprocesses
- Performance indicators
- Risk models- Reporting
requirements
2. Strong, lasting and equitableinternational climate agreement
• Increase theconfidence needed for domestic policy reform
• provide the support needed by developing countries
• send a strong market signal to investors.
Source: AAP
3. Phase out subsidies for fossil fuels
• drive more efficient use of resources and release public funds for other uses
• Energy subsidies must be revised
ClimateLeadership Council
4. Setting a predictable price for carbon is necessary
• The greenhouse gas emissions must be priced by there negative impacts in advance
• Several companies and funds are already checking for the risks in their assets.
5. Low-carboninfrastructure investments are needed
• expanding access to institutional capital a lowering its costs for low-carbon ndassets
6. Scale up innovation in low-carbon technologies
• tripling public investment in clean energy R&D
• Removing barriers to entrepreneurship and creativity
Source: Better Growth, Better Climate
7. More connected and compact cities
• Encouraging better-managed urban growth and prioritizing investments in efficient and safe mass transit systems.
• The cities generate 70% of the global energy use related greenhouse gas emissions.
Source: Source C40, modified by Sitra
8. Stop deforestation of natural forests by 2030
- strengthening the incentives for long-term investment and forest protection
- Forests, as all the biomass on the planet are significant carbon sinks
Source: Carbon Mitigation Initiative
9. Restore degraded forests and agricultural lands by 2030
• strengthening rural incomes and food security
• Forests and other biomass on are significant carbon sinks
Source: Better Growth, Better Climate
10.Shift away from polluting coal-firedpower generation
• Phasing out new unabated coal plants in developed economies immediately and in middle-income countries by 2025
The Transformation will happen at multiple sectors• There is not only
one solution for mitigating the climate change
• All the business sectors play an important role
Sources: IEA, Princeton University, FortumClimateLeadership Council
Huge potential: Solar energy• The Earth receives
174 petawatts (PW) of incoming solar radiation.
• In 2002, this was more energy in one hour than the world used in one year.
ClimateLeadership Council
New game
• solar economy• gas revolution• Storages• market models• large investment
opportunities
ClimateLeadership Council
Tranformation to low-carbon economy means business• New energy
investements will be worth of thousends of billions of US dollars
ClimateLeadership Council
Engine of National and Global Growth• Economic growth
can be achieved with less than before emissions
• The investments for low carbon economy will be the new engine for Global Economic Growth
ClimateLeadership Council
The global low carbon economy is financially doable• Cost estimates 2010 -
2035: Difference between New Policies and 450 scenario is USD 640 billion per year
• If the 25% of the wealthiest population in the world would carry the cost it would be around 40 euros /month/person.
• The cost is an investment, profitable in the future
ClimateLeadership Council