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Transcript of Ecosummit may 2013 long
The Magic of Energy Efficiency:The Sequel
Steven Fawkes
EcoSummit
Berlin
5th June2013
© Steven Fawkes 2013
If you are not worried about energy………. you should be
$279 billion p.a.$83 per barrel exportedOnly 20% goes to USA
Ageing infrastructure
Ageing workforce
2013: 10 million barrels/day export
2035: domestic demand = production
€500 billion p.a. energy imports.
Additional 3 billion middle class by 2030
1.3 billion
1.6 million children
HOW EFFICIENT ARE WE?
475
5555
Source: University of Cambridge, global figures , in EJSource: University of CambridgeUnits: Exajoules
Only 11% efficient
www.onlyelevenpercent.com
IEA’s EFFICIENT WORLD SCENARIO
- Boost cumulative output by $18 trillion by 2035
= GDP US, Canada, Mexico, Chile combined
- Additional investment of $11.8 trillion
- Reduces fuel expenditures by $17.5 trillion
- Reduces supply side investment by $5.9 trillion
- Oil demand peaks at 91 million barrels per day before 2020 and
declines to 87 million per day in 2035
- Energy related CO2 emissions peak before 2020 and decline to 30.5
Gt in 2035
Source: IEA WEO 2012
MASSIVE
POTENTIAL
LCOE Summary (€/MWh)
€30 - 75
€60 - 75
€110 - 140
€125 - 250
€125 - 175
€250 - 350
€20 - 45
Fossil / nuclear
Onshore wind
Large PV
Small PV
Offshore wind
Tidal stream
Energy efficiencySource: Fraunhofer Institute and ACEEE
EFFICIENCY
IS
CHEAPEST
Energy efficiency: 21 jobs per $1m spend Energy generation: 10 jobs per $1m spendEconomy as a whole: 17 jobs per $1m
Source: ACEEE 2011
‘Why isn’t energy efficiency happening?’
18
‘Why isn’t energy efficiency happening?’
ENERGY EFFICIENCY IS HAPPENING
Oil
Oil RenewablesCoal Gas Nuclear Other Efficiency
Opportunities for new products
and new business models
23
$279 billion investment opportunity10 year energy savings > $1 trillion3.3 million new jobs600 million tonnes GHG (10% US total)Source: Deutsche Bank and Rockefeller Foundation
25
38% energy saving3.1 year payback on incremental capital
20% reductionin HVAC energy
23% reduction in peak load
Compared to standard E-glassSource: View Glass
Nuclear reactor equivalents by 2020Source: McKinsey
7
3
19
17
9
28
20% target
BIG DATA
$0.7 trillion NPV$0.3 trillion investment27% savings potential
Source: Rocky Mountain Institute
10% weight reduction = 7% gain fuel efficiency
Excess weight kills any self-propelled vehicle. Weight may be desirable in a steam roller but nowhere else.
Henry Ford, 1924
Aluminium has potential to reduce weight by 40%Sources: MIT & AluEurope
32
10-15%Source: Stena
21% saving compared to 767 (measured NOT marketing hype)
Source: Aviation Week
Gas flared every year = total energy consumption of France and Germany combined
barriers
36
37
39
Contact
Steve [email protected]
+44 77 0223 1995www.onlyelevenpercent.com
@DrSteveFawkes
© Steven Fawkes 2013