WHY I LIKE ENVIRONMENTAL ECONOMICS. Lecture / Hunt Allcott MIT Department of Economics

Size: px
Start display at page:

Download "WHY I LIKE ENVIRONMENTAL ECONOMICS. Lecture 1 14.42/14.420 Hunt Allcott MIT Department of Economics"

Transcription

1 WHY I LIKE ENVIRONMENTAL ECONOMICS Lecture / Hunt Allcott MIT Department of Economics

2 What is Environmental Economics? Economics is the study of the allocation of scarce resources. This helps us understand how much money society should spend on environmental quality and how environmental policies should be structured. Why not have zero pollution? Specifically, economics helps us to understand: The value of pollution abatement. The costs of pollution abatement. The welfare effects of different policies to control pollution.

3 Example: Using Economics to Reframe Climate Change Trends Damages Abatement Costs

4 Variation in Global Surface Temperatures 0.8 Global Departures in temperature ( o C) from the 1961 _ 1990 average Data from thermometers Year Image by MIT OpenCourseWare.

5 Expected impact on global climate SRES A1F1 Temperature change ( o C) SRES A SRES B Year Sea-level rise (m) A1F1 A Year B2 Image by MIT OpenCourseWare. Change in global surface temperature Source: Hadley Centre (UK) Model 3 A1F1 Change in global mean sea level

6 Expected impact on U.S. climate Year Average Daily Mean Temperature (Annual) Poly. (Average Daily Mean Temperature (Annual)) Source: Author s Calculations From National Center for Atmospheric Research, Community Climate System Model (CCSM) 3 A2

7 Distribution of Annual Daily Mean Temperatures (F), < >90 Daily Mean Temperatures Days Per Year Note: Population-weighted average over all counties

8 Changes in Distribution of Daily Temperatures Under Hadley 3 A1FI and CCSM 3, A2 Change in Distribution of Annual Daily Mean Temperatures (F) CCSM 3, A2 Scenario Hadley 3, A1F1 Scenario < >90-20 Image by MIT OpenCourseWare.

9 1.0 Estimated Response Function Between Daily Temperature and Mortality: Females < >90 Impact of a Day in 20 Daily Mean Temperature (F) Bins on Annual Female Mortality Rate, Relative to a Day in the F Bin Annual Deaths Per 100,000 Poly. (Annual Deaths Per 100,000) Note: Population-weighted sum of age-specific response functions

10 Predicted change in annual female and male mortality 8,000 6,000 4,000 2,000 0 < >90-2,000-4,000 Daily Mean Temperature (F) Change in Annual Male Mortality Change in Annual Female Mortality

11 Estimated Response Function Between Daily Temperature and Residential Energy Consumption < >90 Impact of a Day in 20 Daily Mean Temperature (F) Bins on Annual Residential Energy Consumption, Relative to a Day in the F Bin Quadrillions of BTUs Poly. (Quadrillions of BTUs)

12 Predicted change in annual residential energy consumption < > Daily Mean Temperature (F) Quad BTU

13 Results from India (Preliminary) Estimated Mortality Impact of a Day in 20 Temperature (C) Bins on Log Annual Mortality Rate, Relative to a Day in the 20 o - 24 o C Bin +1 std 0.04 Log annual mortality rate per < log-linear model std > Image by MIT OpenCourseWare.

14 Carbon Emissions Projections Emissions Abatement Pathway BAU Global GHG emissions GtCO 2 e per year Technical measures < 90 per tco 2 e Technical measures per tco 2 e 1 (high-level estimates) Behavior changes (high-level estimates) Peak at 550 ppm, long term stabilization 550 ppm, expected 3 o C increase Peak at 510 ppm, long term stabilization 450 ppm, expected 2 o C increase Peak at 480 ppm, long term stabilization 400 ppm, expected 1.8 o C increase Image by MIT OpenCourseWare.

15 Abatement Cost Curves (McKinsey) Cost Real 2005 dollars per ton CO 2 e Residential electrons Residential buildings- Lighting 0.2 Commercial electronics Commercial buildings - LED lighting Fuel economy packages - Light trucks Commercial buildings 0.4 Fuel economy packages - Cars U.S. MID-RANGE ABATEMENT CURVE combined heat and power 0.6 Residential buildings - New shell improvements Commercial buildings - CFL lighting Industrial process improvements 0.8 Cellulosic biofuels Commercial buildings - New shell improvements Residential water heaters 1.0 Industry - Combined heat and power Existing power plant conversion efficiency Commercial buildings - Control systems 1.2 improvements Conservation tilage Residential buildings - Shell retrofits 1.4 Coal mining - Methane mgmt Nuclear newbuild 1.6 Onshore wind - Low penetration Manufacturing - HFCs mgmt Natural gas and petroleul systems management Active forest management 1.8 Abatement cost <$50/ton Afforestation of cropland Coal power plantsccs rebuilds with EOR 2.0 Reforestation Distributed solar PV 2.2 Winter cover crops Afforestation of pastureland 2.4 Biomass power - Confining Commercial buildings - HVAC equipment efficiency Coal power plants - CCS new builds with EOR Onshore wind - Medium penetration Solar CSP 2.6 Onshore wind - High penetration Coal power plants - CCS new builds Residential buildings - HVAC equipment efficiency 2.8 Industry - CCS new builds on carbonintensive processes Potential Gigatons/year Car hybridization Coal-to-gas shift - dispatch of existing plants Coal power plants - CCS rebuilds Image by MIT OpenCourseWare.

16 The Economics of Climate Change What costs of climate change? What forms of costs? How should we value environmental amenities? What costs of greenhouse gas emission abatement? How do we abate emissions? Fuel switching, changes in demand patterns, energy efficiency, sequestration Present-future tradeoffs: What discount rate to use? Irreversibility/option value How to design policy? Taxes? Trading? R&D subsidies? Clean Development Mechanism offsets? Equity How to decide which policy option?

17 Syllabus Course Modules: 1. Social Choice and the Role of Government 2. Economic Efficiency and Benefit-Cost Analysis 3. Externalities and Public Goods 4. Optimal Regulation of Pollution 5. Risk and Uncertainty 6. International Trade 7. Environment, Growth, and Development 8. Measuring Benefits 9. Natural Resource Economics 10. Policy Application: Airborne Particulates 11. Policy Application: Climate Change 12. Policy Application: Energy Efficiency

18 How I Teach Name cards Interactive Class participation matters Goal: prepare you to think about environmental economics in: Econ PhD programs Consulting or industry jobs Policy analysis/think tank jobs Government Tools: Theory Stata

19 Innovating Teaching this class very differently this year Different learning modes: In-class participation Business school cases Theory In-class simulations Empirical exercises in problem sets New class modules: Energy efficiency Climate change policy Theory of natural resource extraction Environmental issues in developing countries Pursue feedback throughout the semester

20 Questions for the Class Background Why interested in environmental economics? What environmental problems most of interest? Background on me.

21 Big Questions Why did the environmental movement take off in the 1960s? Is it really possible to create a market for pollution? How well do these markets work? Are pollution taxes better or worse than cap-and-trade programs? Is there a race to the bottom in environmental regulation? How does international trade affect the environment? What is the relationship between economic development and environmental quality? Are poor countries under-polluted, as Pritchett/Summers have claimed?

22 Big Questions Are we running out of resources? What does sustainability mean in economic terms? How do you measure the value of a polar bear? Is there an Energy Efficiency Gap? Get ready to answer these questions on Thursday

23 Answers to Big Questions Get ready to begin answering these questions on Thursday.

24 MIT OpenCourseWare / Environmental Policy and Economics Spring 2011 For information about citing these materials or our Terms of Use, visit:

Greenhouse gas abatement potential in Israel

Greenhouse gas abatement potential in Israel Greenhouse gas abatement potential in Israel Israel s GHG abatement cost curve Translated executive summary, November 2009 1 Executive Summary Background At the December 2009 UNFCCC Conference in Copenhagen,

More information

Pathways to a Low-Carbon Economy. Version 2 of the Global Greenhouse Gas Abatement Cost Curve

Pathways to a Low-Carbon Economy. Version 2 of the Global Greenhouse Gas Abatement Cost Curve Pathways to a Low-Carbon Economy Version 2 of the Global Greenhouse Gas Abatement Cost Curve McKinsey & Company takes sole responsibility for the final content of this report, unless otherwise cited. Copyright

More information

Impact of the financial crisis on carbon economics. Version 2.1 of the Global Greenhouse Gas Abatement Cost Curve

Impact of the financial crisis on carbon economics. Version 2.1 of the Global Greenhouse Gas Abatement Cost Curve Impact of the financial crisis on carbon economics Version 2.1 of the Global Greenhouse Gas Abatement Cost Curve McKinsey & Company takes sole responsibility for the final content of this report, unless

More information

Creating a Successful Outcome in Copenhagen. Bert Metz, European Climate Foundation

Creating a Successful Outcome in Copenhagen. Bert Metz, European Climate Foundation Creating a Successful Outcome in Copenhagen Bert Metz, European Climate Foundation CPI launch event, Berlin, November 11, 2009 About Project Catalyst Initiative of the ClimateWorks Foundation, a global,

More information

Building a Low-Carbon Economy The UK's Contribution to Tackling Climate Change. www.theccc.org.uk

Building a Low-Carbon Economy The UK's Contribution to Tackling Climate Change. www.theccc.org.uk Building a Low-Carbon Economy The UK's Contribution to Tackling Climate Change www.theccc.org.uk Structure of the presentation 1. The 2050 target 2. The first three budgets 3. Wider social and economic

More information

The External and Social Costs of Energy Technologies

The External and Social Costs of Energy Technologies SIXTH FRAMEWORK PROGRAMME [6.1] [ Sustainable Energy Systems] The External and Social Costs of Energy Technologies Rainer Friedrich Universitaet Stuttgart Brussels, February 16, 2009 Social Costs = total

More information

SUSTAINABLE ENERGY BLUEPRINT

SUSTAINABLE ENERGY BLUEPRINT SUSTAINABLE ENERGY BLUEPRINT A PLAUSIBLE STRATEGY FOR ACHIEVING A NO-NUCLEAR, LOW- CARBON, HIGHLY-EFFICIENT AND SUSTAINABLE ENERGY FUTURE The following statement outlines an ambitious but doable strategy

More information

China s CO2 Emission Scenario Toward 2 degree global target. Jiang Kejun. Energy Research Institute, China

China s CO2 Emission Scenario Toward 2 degree global target. Jiang Kejun. Energy Research Institute, China China s CO2 Emission Scenario Toward 2 degree global target Jiang Kejun Energy Research Institute, China PUBLIC CONFERENCE Victoria University, Thursday 26 June, 214 1 ERI, China Framework of Integrated

More information

Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015

Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015 June 2015 Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015 This paper presents average values of levelized costs for generating technologies that

More information

Regulating Greenhouse Gases from Coal Power Plants Under the Clean Air Act

Regulating Greenhouse Gases from Coal Power Plants Under the Clean Air Act Regulating Greenhouse Gases from Coal Power Plants Under the Clean Air Act Joshua Linn (RFF) Dallas Burtraw (RFF) Erin Mastrangelo (Maryland) Power Generation and the Environment: Choices and Economic

More information

Cutting Australia s Carbon Abatement Costs with Nuclear Power

Cutting Australia s Carbon Abatement Costs with Nuclear Power Cutting Australia s Carbon Abatement Costs with Nuclear Power Martin Nicholson, October 2011 Abstract The Australian Government Treasury modelling of a carbon price shows that Australia must purchase the

More information

Heating technology mix in a future German energy system dominated by renewables

Heating technology mix in a future German energy system dominated by renewables Heating technology mix in a future German energy system dominated by renewables Prof. Dr. Hans-Martin Henning Fraunhofer Institute for Solar Energy Systems ISE 4 th Congress of Polish Organization of Heat

More information

Adrien Vogt-Schilb Banco Mundial

Adrien Vogt-Schilb Banco Mundial Adrien Vogt-Schilb Banco Mundial q Motivation A lot of talk about climate stabilization but limited awareness of implications Planning targeted to the medium term Debate focusing on what should be done

More information

Energy Projections 2006 2030 Price and Policy Considerations. Dr. Randy Hudson Oak Ridge National Laboratory

Energy Projections 2006 2030 Price and Policy Considerations. Dr. Randy Hudson Oak Ridge National Laboratory Energy Projections 2006 2030 Price and Policy Considerations Dr. Randy Hudson Oak Ridge National Laboratory There is perhaps no single current topic so potentially impacting to all life on this planet

More information

Natural Gas and Greenhouse Gases. OLLI Lectures November 2014 Dennis Silverman Physics and Astronomy UC Irvine

Natural Gas and Greenhouse Gases. OLLI Lectures November 2014 Dennis Silverman Physics and Astronomy UC Irvine Natural Gas and Greenhouse Gases OLLI Lectures November 2014 Dennis Silverman Physics and Astronomy UC Irvine Replacing Coal With Natural Gas Greenhouse Gas Reduction by Switching from Coal to Natural

More information

EU renewable energy and biofuel targets what will they mean?

EU renewable energy and biofuel targets what will they mean? EU renewable energy and biofuel targets what will they mean? Background The EU Commission has today tabled proposals for reductions in carbon dioxide emissions a 20% cut by 2020. Alongside this legally

More information

Economic Impacts of Potential Colorado Climate Change Initiatives: Evidence from MIT and Penn State Analyses. July 2007

Economic Impacts of Potential Colorado Climate Change Initiatives: Evidence from MIT and Penn State Analyses. July 2007 Economic Impacts of Potential Colorado Climate Change Initiatives: Evidence from MIT and Penn State Analyses July 2007 Introduction California and other western states are actively pursuing a variety of

More information

Impacts of AB 32 on California s electricity sector

Impacts of AB 32 on California s electricity sector Impacts of AB 32 on California s electricity sector Meredith Fowlie UC Berkeley and NBER fowlie@berkeley.edu Focus on the following.. What are modeling results telling us about how much of the emissions

More information

Levelized Cost of New Electricity Generating Technologies

Levelized Cost of New Electricity Generating Technologies Levelized Cost of New Electricity Generating Technologies The Energy Information Administration (EIA) produces forecasts of energy supply and demand for the next 20 years using the National Energy Modeling

More information

Tackling Climate Change in the U.S.

Tackling Climate Change in the U.S. Tackling Climate Change in the U.S. Potential Carbon Emissions Reductions from Energy Efficiency and Renewable Energy by 2030 Executive Summary Charles F. Kutscher, Ph.D., P.E. American Solar Energy Society

More information

Basic Tools for Energy and Climate Analysis

Basic Tools for Energy and Climate Analysis Basic Tools for Energy and Climate Analysis Week 3: Energy and Climate Policy PB AF 595 Michael Lazarus and Matt Steuerwalt A starter set IPAT and identifying key drivers Understanding units, energy (stock)

More information

New business segments for the energy saving industry Energy efficiency and decentralised energy systems in the building & housing sector

New business segments for the energy saving industry Energy efficiency and decentralised energy systems in the building & housing sector New business segments for the energy saving industry Energy efficiency and decentralised energy systems in the building & housing sector Workshop on ESCOs Energy Service Companies March 28-29, 2012, Ramat

More information

Comparison of CO 2 Abatement Costs in the United States for Various Low and No Carbon Resources. Total System Levelized Cost Based on EIA LCOE

Comparison of CO 2 Abatement Costs in the United States for Various Low and No Carbon Resources. Total System Levelized Cost Based on EIA LCOE Comparison of CO 2 Abatement Costs in the United States for Various Low and No Carbon Resources Every year the Energy Information Administration (EIA) publishes its Annual Energy Outlook (AEO). In the

More information

A macro-economic viewpoint. What is the real cost of offshore wind? siemens.com / wind

A macro-economic viewpoint. What is the real cost of offshore wind? siemens.com / wind A macro-economic viewpoint What is the real cost of offshore wind? siemens.com / wind in the cost debate A broader view of the value of renewables. Globally, installed power generation capacity currently

More information

Finance in implementing a sustainability policy. Frans Rooijers - director CE Delft

Finance in implementing a sustainability policy. Frans Rooijers - director CE Delft Finance in implementing a sustainability policy Frans Rooijers - director CE Delft CE Delft Independent research and consultancy since 1978 Transport, energy and resources Know-how on economics, technology

More information

Energy [R]evolution vs. IEA World Energy Outlook scenario

Energy [R]evolution vs. IEA World Energy Outlook scenario Energy [R]evolution vs. IEA World Energy Outlook scenario New set of scenarios takes climate crisis into account World Energy Outlook (WEO) 2008 for the first time takes the climate crisis really into

More information

A cost curve for greenhouse gas reduction

A cost curve for greenhouse gas reduction A cost curve for greenhouse gas reduction 35 A cost curve for greenhouse gas reduction A global study of the size and cost of measures to reduce greenhouse gas emissions yields important insights for businesses

More information

The Journal of Science Policy & Governance

The Journal of Science Policy & Governance The Journal of Science Policy & Governance POLICY MEMO: INCREASING SUSTAINABLE BIOMASS THROUGH PRODUCTION TAX CREDITS BY Ashley Paulsworth ashley0paulsworth@gmail.com Executive Summary As various tax credits

More information

Reducing Carbon Pollution in D.C s Renewable Portfolio Standard Will Clean the Air without Impacting Ratepayers. Frequently Asked Questions

Reducing Carbon Pollution in D.C s Renewable Portfolio Standard Will Clean the Air without Impacting Ratepayers. Frequently Asked Questions Reducing Carbon Pollution in D.C s Renewable Portfolio Standard Will Clean the Air without Impacting Ratepayers Summary: Frequently Asked Questions While Mid-Atlantic States like Delaware and New Jersey

More information

An Australian Cost Curve for Greenhouse Gas Reduction

An Australian Cost Curve for Greenhouse Gas Reduction An Australian Cost Curve for Greenhouse Gas Reduction 2 An Australian Cost Curve for Greenhouse Gas Reduction 3 McKinsey & Company has worked with leading institutions and experts over the past 2 years

More information

SOUTHEAST ENERGY EFFICIENCY ALLIANCE. Clean Energy Greenville, SC May 29, 2009

SOUTHEAST ENERGY EFFICIENCY ALLIANCE. Clean Energy Greenville, SC May 29, 2009 SOUTHEAST ENERGY EFFICIENCY ALLIANCE Clean Energy Greenville, SC May 29, 2009 Who is SEEA? The Southeast Energy Efficiency Alliance builds regional partnerships to promote and achieve energy efficiency

More information

The Burning Question. What would it take to. leave fuel worth trillions in the ground and is 12,000 10,000 8,000. 6,000 humanity up to it?

The Burning Question. What would it take to. leave fuel worth trillions in the ground and is 12,000 10,000 8,000. 6,000 humanity up to it? The Burning Question 12,000 10,000 Global CO2 emissions (million tonnes carbon) What would it take to 8,000 leave fuel worth trillions in the ground and is 6,000 humanity up to it? 4,000 2,000 0 1850 1900

More information

CRS Report Summaries WORKING DRAFT

CRS Report Summaries WORKING DRAFT CRS Report Summaries R40147 Green Buildings This is a definition and analysis of the cost and benefits of green buildings. It also cites agencies and laws that encourage the building of environmentally

More information

FINANCING OF LOW-CARBON ENERGY TECHNOLOGIES

FINANCING OF LOW-CARBON ENERGY TECHNOLOGIES FINANCING OF LOW-CARBON ENERGY TECHNOLOGIES Juan Alario Associate Director Head of Division, Energy Efficiency and Renewables European Investment Bank (EIB) III International Conference on Energy Innovation

More information

Low-Carbon Development for Mexico (MEDEC)

Low-Carbon Development for Mexico (MEDEC) Low-Carbon Development for Mexico () World Bank LCR Sustainable Development Department March 17, 2011 Questions for Low-Carbon Studies What does a low-carbon pathway look like? How much might it cost?

More information

FINDING YOUR CHEAPEST WAY TO A LOW CARBON FUTURE. The Danish Levelized Cost of Energy Calculator

FINDING YOUR CHEAPEST WAY TO A LOW CARBON FUTURE. The Danish Levelized Cost of Energy Calculator FINDING YOUR CHEAPEST WAY TO A LOW CARBON FUTURE The Danish Levelized Cost of Energy Calculator Low carbon transition is a multifaceted challenge involving political, technical and economic elements. Denmark

More information

Energy math.notebook February 26, 2015. Energy Practice Problems for APES. ***last weeks math problems

Energy math.notebook February 26, 2015. Energy Practice Problems for APES. ***last weeks math problems Energy Practice Problems for APES ***last weeks math problems 1. The conventional gas powered 2004 Honda Civic is one of the best gas powered cars in its class for mileage. The conventional Honda Civic

More information

Busting Myths about Renewable Energy

Busting Myths about Renewable Energy Symposium on Renewable Energy: the Future for Australia, UNSW 15 April 2014 Busting Myths about Renewable Energy Dr Mark Diesendorf Institute of Environmental Studies University of New South Wales Sydney,

More information

Results scenario comparison WP 5.2

Results scenario comparison WP 5.2 Results scenario comparison WP 5.2 European sustainable electricity; comprehensive analysis of future European demand and generation of European electricity and its security of supply (EU-SUSTEL) Half

More information

Low Carbon economy: How can (or should) the insurance industry adapt?

Low Carbon economy: How can (or should) the insurance industry adapt? Low Carbon economy: How can (or should) the insurance industry adapt? Future. Talk 3 / 2011 Sustainability and Insurance, Köln, 31/3/2011 WWF Deutschland Matthias Kopp 31st March 2011-1 Insurance & the

More information

Residential Energy Consumption: Longer Term Response to Climate Change

Residential Energy Consumption: Longer Term Response to Climate Change 24 th USAEE/IAEE North American Conference July 8-10, 2004, Washington, DC Residential Energy Consumption: Longer Term Response to Climate Change Christian Crowley and Frederick L. Joutz GWU Department

More information

Public health benefits of strategies to reduce greenhouse gas emissions. Professor Sir Andy Haines

Public health benefits of strategies to reduce greenhouse gas emissions. Professor Sir Andy Haines Public health benefits of strategies to reduce greenhouse gas emissions Professor Sir Andy Haines Case studies in four sectors responsible for large emissions of greenhouse gases (GHGs) Household energy

More information

Natural Gas & Energy Efficiency: Keys to Reducing GHG Emissions

Natural Gas & Energy Efficiency: Keys to Reducing GHG Emissions Natural Gas & Energy Efficiency: Keys to Reducing GHG Emissions Janet Gail Besser, Vice President, Regulatory Strategy NARUC 120 th Annual Convention November 17, 2008 New Orleans, Louisiana Overview 1.

More information

The Global Commission on the Economy and Climate. Major Economies Forum, Paris

The Global Commission on the Economy and Climate. Major Economies Forum, Paris The Global Commission on the Economy and Climate Major Economies Forum, Paris Jeremy Oppenheim, Programme Director 11 th July 2014 Purpose of the Global Commission Reframe the debate about economic growth

More information

World Energy Outlook 2009. Presentation to the Press London, 10 November 2009

World Energy Outlook 2009. Presentation to the Press London, 10 November 2009 World Energy Outlook 29 Presentation to the Press London, 1 November 29 The context The worst economic slump since the 2 nd World War & signs of recovery but how fast? An oil price collapse & then a rebound

More information

2052 - A Global Forecast

2052 - A Global Forecast 252 - A Global Forecast for the Next Forty Years Jorgen Randers Professor Center for Climate Strategy Norwegian Business School BI J Randers 1 Pioneers of Energy Transition - Conference Vienna, Austria

More information

This presentation is posted for public use. ACEEE does not endorse any product or service.

This presentation is posted for public use. ACEEE does not endorse any product or service. This presentation is posted for public use. ACEEE does not endorse any product or service. ACEEE accepts no responsibility for any facts or claims this presentation may contain. SOLAR Solar Water Heating

More information

Office of Climate Change, Energy Efficiency and Emissions Trading. Business Plan

Office of Climate Change, Energy Efficiency and Emissions Trading. Business Plan Office of Climate Change, Energy Efficiency and Emissions Trading Business Plan April 1, 2011 - March 31, 2014 Table of Contents Message from the Premier...3 1.0 OVERVIEW...4 2.0 MANDATE...5 3.0 LINES

More information

FULL SOLAR SUPPLY OF INDUSTRIALIZED COUNTRIES - THE EXAMPLE JAPAN

FULL SOLAR SUPPLY OF INDUSTRIALIZED COUNTRIES - THE EXAMPLE JAPAN FULL SOLAR SUPPLY OF INDUSTRIALIZED COUNTRIES - THE EXAMPLE JAPAN Dr. Harry Lehmann 1 It has long been known that to protect people and the environment from both nuclear risks and dangerous levels of climate

More information

Interview: Aurélie Faure, Financial Analyst at Dexia Asset Management

Interview: Aurélie Faure, Financial Analyst at Dexia Asset Management Research letter n 09/03 October 2009 http://www.carbonium.fr/pdf/research0903.pdf CONTENTS Interview: Aurélie Faure, Financial Analyst at Dexia Asset Management... p. 1 Hot topics in Copenhagen... p. 3

More information

Natural Gas Vehicles and Climate Change A Briefing Paper

Natural Gas Vehicles and Climate Change A Briefing Paper Natural Gas Vehicles and Climate Change A Briefing Paper This is a summary of the issues related to the use of natural gas vehicles to reduce emissions of greenhouse gases. It has been prepared to inform

More information

Renewable Choice Energy

Renewable Choice Energy Catawba College Table of Contents About Renewable Choice The Problem: Electricity Production Today The Solutions: Renewable Energy Sources Renewable Energy Credits (RECs) Who can participate in Renewable

More information

ANALYSIS OF THE ADMINISTRATION S PROPOSED TAX INCENTIVES FOR ENERGY EFFICIENCY AND THE ENVIRONMENT

ANALYSIS OF THE ADMINISTRATION S PROPOSED TAX INCENTIVES FOR ENERGY EFFICIENCY AND THE ENVIRONMENT June 28, 1999 ANALYSIS OF THE ADMINISTRATION S PROPOSED TAX INCENTIVES FOR ENERGY EFFICIENCY AND THE ENVIRONMENT INTRODUCTION A few months ago in the FY 2000 budget the President proposed a $3.6 billion

More information

Multiple sources of energy will be available, giving the consumer choices. A Higher Percentage of Energy will come from renewable energy sources

Multiple sources of energy will be available, giving the consumer choices. A Higher Percentage of Energy will come from renewable energy sources Editor s comments: Numbers in parentheses indicate the number of duplicate or extremely similar comments made. The headings are editor s best attempt to draft vision statements reflecting the participants

More information

Energy Saving Technologies & CDM - Business Opportunity with Japan - Clean Energy Finance Committee Mitsubishi UFJ Securities

Energy Saving Technologies & CDM - Business Opportunity with Japan - Clean Energy Finance Committee Mitsubishi UFJ Securities Energy Saving Technologies & CDM - Business Opportunity with Japan - Clean Energy Finance Committee Mitsubishi UFJ Securities Contents 1. Technology & CDM: Why this is a new business model? 2. CDM: revenue

More information

CHINA 2050 HIGH RENEWABLE ENERGY PENETRATION SCENARIO AND RODAMAP STUDY

CHINA 2050 HIGH RENEWABLE ENERGY PENETRATION SCENARIO AND RODAMAP STUDY 国 家 发 展 和 改 革 委 员 会 能 源 研 究 所 Energy Research Institute National Development and Reform Commission CHINA 2050 HIGH RENEWABLE ENERGY PENETRATION SCENARIO AND RODAMAP STUDY CHINA NATIONAL RENEWABLE ENERGY

More information

Module 7 Forms of energy generation

Module 7 Forms of energy generation INTRODUCTION In rich countries like Australia, our standard of living is dependent on easily available energy. Every time you catch a bus, turn on a light or watch television energy is being used up. Over

More information

Groupwork CCS. Bio-Energy with CCS (BECCS) Platzhalter Logo/Schriftzug (Anpassung im Folienmaster: Menü «Ansicht» «Folienmaster»)

Groupwork CCS. Bio-Energy with CCS (BECCS) Platzhalter Logo/Schriftzug (Anpassung im Folienmaster: Menü «Ansicht» «Folienmaster») Groupwork CCS Bio-Energy with CCS (BECCS) group 5 02.05.2015 1 Content What is BECCS? Stakeholder Analysis Resources on Global scale SWOT analysis Climate BECCS Technology Conclusions Outlook group 5 02.05.2015

More information

Energy: renewable sources of energy. Renewable Energy Sources

Energy: renewable sources of energy. Renewable Energy Sources Energy: renewable sources of energy Energy Sources 1 It is technically and economically feasible to phase out net greenhouse gas (GHG) emissions almost entirely by 2050. A report by energy consulting firm

More information

Comparing Electricity Generation Technologies

Comparing Electricity Generation Technologies Comparing Electricity Generation Technologies Stan Rosinski Program Manager, Renewable Generation 2011 SRP Sustainable Portfolio Review March 3, 2011 Comparing Electricity Generation Technologies Key Takeaways

More information

TOWN OF CARRBORO NORTH CAROLINA

TOWN OF CARRBORO NORTH CAROLINA TOWN OF CARRBORO NORTH CAROLINA TRANSMITTAL PLANNING DEPARTMENT DELIVERED VIA: HAND MAIL FAX EMAIL To: From: Board of Aldermen David Andrews, Town Manager Department Directors Chris Lazinski, Consultant

More information

Democratic and Republican Positions on Environmental Issues. Edward H. Klevans, Professor and Department Head Emeritus of Nuclear Engineering

Democratic and Republican Positions on Environmental Issues. Edward H. Klevans, Professor and Department Head Emeritus of Nuclear Engineering Democratic and Republican Positions on Environmental Issues Edward H. Klevans, Professor and Department Head Emeritus of Nuclear Engineering Issue: Climate Change Democratic Position The Democratic Platform

More information

Population, Health, and Human Well-Being-- Nigeria

Population, Health, and Human Well-Being-- Nigeria Population, Health, and Human Well-Being-- EarthTrends Country Profiles Demographic and Health Indicators Total Population (in thousands of people) 195 29,79 176,775 2,519,495 22 12,47 683,782 6,211,82

More information

The impact of subsidies and carbon pricing on the wood biomass use for energy in the EU

The impact of subsidies and carbon pricing on the wood biomass use for energy in the EU Alexander Moiseyev, Birger Solberg, Maarit Kallio The impact of subsidies and carbon pricing on the wood biomass use for energy in the EU Meeting of the ECE/FAO ToS on Forest Sector Outlook, June 16, 2014,

More information

Alternative Energy. Terms and Concepts: Relative quantities of potential energy resources, Solar constant, Economies of scale

Alternative Energy. Terms and Concepts: Relative quantities of potential energy resources, Solar constant, Economies of scale Objectives Key Terms and Concepts Introduction Solar Wind Hydroelectric Power Geothermal Sources Biofuels Summary: Economies of Scale Questions for the video if time permits Alternative Energy Objectives:

More information

Implications of Abundant Natural Gas

Implications of Abundant Natural Gas Implications of Abundant Natural Gas JAE EDMONDS AND HAEWON MCJEON APRIL 2013 May 29, 2013 1 Background May 29, 2013 2 The natural gas revolution The application of technologies for accessing unconventional

More information

Student Worksheets. Stage 4 Geography FW4G1. Name: FutureWorld 2015 FW4G1

Student Worksheets. Stage 4 Geography FW4G1. Name: FutureWorld 2015 FW4G1 Student Worksheets Stage 4 Geography FW4G1 Name: Introduction Renewable Versus Non-renewable Energy The Sun is a Primary Source of Energy Almost all the energy needed to keep life on Earth going comes

More information

OUTLOOK FOR NATURAL GAS IN EUROPE

OUTLOOK FOR NATURAL GAS IN EUROPE 6th German-Norwegian Energy Conference OUTLOOK FOR NATURAL GAS IN EUROPE Dr. Berit Tennbakk, Partner, RETROSPECT FALLING AND CONVERGING GAS PRICES HISTORICAL DEVELOPMENT MAIN DRIVERS Financial crisis Fukushima

More information

About T&D Europe : The association

About T&D Europe : The association G. onizza Electra: Doing Business with Energy G. onizza Electra: Doing Business with Energy Electra Doing Business with Energy Efficiency Thursday 15. October 2009, Ljubljana (SI) Electra conclusions in

More information

The Future of Energy. Prof. Wesley Henderson Dept. Chemical & Biomolecular Engineering NC State University. Seminar 2

The Future of Energy. Prof. Wesley Henderson Dept. Chemical & Biomolecular Engineering NC State University. Seminar 2 The Future of Energy Prof. Wesley Henderson Dept. Chemical & Biomolecular Engineering NC State University Seminar 2 Outline of Lectures Seminar 1: Energy & Electricity Use in the U.S. Peak Oil? Clean Coal

More information

KAYA IDENTITY ANALYSIS OF DECARBONIZATION OF THE NY ECONOMY REQUIRED FOR CLIMATE ACTION PLAN GOAL OF 40% REDUCTION BY 2030

KAYA IDENTITY ANALYSIS OF DECARBONIZATION OF THE NY ECONOMY REQUIRED FOR CLIMATE ACTION PLAN GOAL OF 40% REDUCTION BY 2030 KAYA IDENTITY ANALYSIS OF DECARBONIZATION OF THE NY ECONOMY REQUIRED FOR CLIMATE ACTION PLAN GOAL OF 40% REDUCTION BY 2030 Roger Caiazza Not representing EEANY DISCLAIMERS The following analysis does not

More information

HORIZON 2020. Competitive Low Carbon Energy 2014-2015 Call. Paul Verhoef DG RTD K03/Head of Unit

HORIZON 2020. Competitive Low Carbon Energy 2014-2015 Call. Paul Verhoef DG RTD K03/Head of Unit THE EU FRAMEWORK PROGRAMME FOR RESEARCH AND INNOVATION HORIZON 2020 Competitive Low Carbon Energy 2014-2015 Call Paul Verhoef DG RTD K03/Head of Unit Thematic scope of the Energy Challenge (according to

More information

China s green revolution. Prioritizing technologies to achieve energy and environmental sustainability

China s green revolution. Prioritizing technologies to achieve energy and environmental sustainability China s green revolution Prioritizing technologies to achieve energy and environmental sustainability 2 China s green revolution Prioritizing technologies to achieve energy and environmental sustainability

More information

Energy Megatrends 2020

Energy Megatrends 2020 Energy Megatrends 2020 Esa Vakkilainen 1 NOTE The data included in the following is mainly based on International Energy Agency's (IEA) World Energy Outlook 2007 IEA is considered the most reliable source

More information

Residential & Commercial Sectors Overview CLIMATE

Residential & Commercial Sectors Overview CLIMATE CLIMATE TECHBOOK Residential and Commercial Emissions in the United States Greenhouse gas (GHG) emissions data can be reported either by economic sector, which includes electric power generation as a separate

More information

CARS AND LIGHT TRUCKS IN THE US CONSUME ABOUT

CARS AND LIGHT TRUCKS IN THE US CONSUME ABOUT Saving Fuel, Reducing Emissions Making Plug-In Hybrid Electric Vehicles Cost-Effective BY DANIEL M. KAMMEN, SAMUEL M. ARONS, DEREK M. LEMOINE, AND HOLMES HUMMEL CARS AND LIGHT TRUCKS IN THE US CONSUME

More information

Summary of the Impact assessment for a 2030 climate and energy policy framework

Summary of the Impact assessment for a 2030 climate and energy policy framework Summary of the Impact assessment for a 2030 climate and energy policy framework Contents Overview a. Drivers of electricity prices b. Jobs and growth c. Trade d. Energy dependence A. Impact assessment

More information

Saving energy: bringing down Europe s energy prices

Saving energy: bringing down Europe s energy prices Saving energy: bringing down Europe s energy prices Saving energy: bringing down Europe s energy prices By: Dr. Edith Molenbroek, Prof. Dr. Kornelis Blok Date: May 2012 Project number: BUINL12344 Ecofys

More information

Methane Emissions and Colorado Coal Mines

Methane Emissions and Colorado Coal Mines Colorado PUC E-Filings System Methane Emissions and Colorado Coal Mines Will Allison, Director Air Pollution Control Division 7/6/2012 Colorado PUC, CIM, 7/9/2013 1 GHG GWP and CO2e Global Warming Potential

More information

Consumer Cost Effectiveness of CO 2 Mitigation Policies in Restructured Electricity Markets. Jared Moore and Jay Apt.

Consumer Cost Effectiveness of CO 2 Mitigation Policies in Restructured Electricity Markets. Jared Moore and Jay Apt. Consumer Cost Effectiveness of CO 2 Mitigation Policies in Restructured Electricity Markets Jared Moore and Jay Apt Supporting Data Consumer Cost Effectiveness of CO 2 Mitigation Policies in Restructured

More information

Massachusetts $ Savings and Job Gains from Energy Efficiency in Buildings & Transportation

Massachusetts $ Savings and Job Gains from Energy Efficiency in Buildings & Transportation Massachusetts $ Savings and Job Gains from Energy Efficiency in Buildings & Transportation Marc Breslow, Ph.D. Director of Transportation & Buildings Policy Executive Office of Energy & Environmental Affairs

More information

Student Worksheets Energy for a Cleaner Environment

Student Worksheets Energy for a Cleaner Environment Student Worksheets Energy for a Cleaner Environment Stage 4 Science FW4S1 Name: Introduction Renewable Versus Non-renewable Energy The Sun is a Primary Source of Energy Almost all the energy needed to

More information

Role of Natural Gas in a Sustainable Energy Future

Role of Natural Gas in a Sustainable Energy Future Role of Natural Gas in a Sustainable Energy Future Alexander Medvedev, Deputy Chairman of Gazprom Management Committee, Director General of Gazprom Export 2 nd Ministerial Gas Forum Doha, 30 November 2010

More information

Communicating Your Commitment: Your Guide to Clean Energy Messaging

Communicating Your Commitment: Your Guide to Clean Energy Messaging Communicating Your Commitment: Your Guide to Clean Energy Messaging Congratulations on your recent purchase of clean energy from Renewable Choice! Whether you ve purchased green power in the form of renewable

More information

Committee on Climate Change: Advice to the Scottish Government on emission targets for 2023-2027 and credit use in 2013-2017

Committee on Climate Change: Advice to the Scottish Government on emission targets for 2023-2027 and credit use in 2013-2017 Stewart Stevenson Minister for Environment and Climate Change St Andrew s House Regent Road Edinburgh EH1 3DG 1 July 2011 Dear Stewart Committee on Climate Change: Advice to the Scottish Government on

More information

From today s systems to the future renewable energy systems. Iva Ridjan US-DK summer school AAU Copenhagen 17 August 2015

From today s systems to the future renewable energy systems. Iva Ridjan US-DK summer school AAU Copenhagen 17 August 2015 From today s systems to the future renewable energy systems Iva Ridjan US-DK summer school AAU Copenhagen 17 August 2015 STRUCTURE OF ENERGY SYSTEMS 8/17/2015 Copenhagen, Denmark 2 Components Demand Heat

More information

In 2013, the Spanish economy emits 316.9 million tonnes of greenhouse effect gases, 7.8% less than in 2012

In 2013, the Spanish economy emits 316.9 million tonnes of greenhouse effect gases, 7.8% less than in 2012 20 November 2015 Environmental accounts. Atmospheric Emission Accounts. Base 2010. Accounting series 2010-2013 In 2013, the Spanish economy emits 316.9 million tonnes of greenhouse effect gases, 7.8% less

More information

WHEN AN EFFECTIVE EU ENERGY POLICY?

WHEN AN EFFECTIVE EU ENERGY POLICY? WHEN AN EFFECTIVE EU ENERGY POLICY? A. Clerici ABB Italy Honorary Chairman of WEC Italy Chairman of WEC WG The future role of nuclear in Europe 1 INDEX 1. General Comments 2. Vulnerability 3. Transmission

More information

Electricity Generation Costs

Electricity Generation Costs October 2012 Introduction Electricity generation costs are a fundamental part of energy market analysis, and a good understanding of these costs is important when analysing and designing policy. DECC regularly

More information

Reducing Greenhouse Gas Emissions through Alternative Energy

Reducing Greenhouse Gas Emissions through Alternative Energy Reducing Greenhouse Gas Emissions through Alternative Energy Transferable Solution Project Summary Project Activities Project Benefits Lessons Learned Contact Information Project Title : Reducing Greenhouse

More information

How to Earn the LEED Green Power Credit

How to Earn the LEED Green Power Credit 3D EG REES WH ITE PAPER How to Earn the LEED Green Power Credit Using on-site and off-site renewable energy to mitigate the impact of greenhouse gas emissions associated with a LEED project s energy use

More information

Project Idea Note: Solar Water Heating Fee-For-Service Program in the Caribbean

Project Idea Note: Solar Water Heating Fee-For-Service Program in the Caribbean PROJECT IDEA NOTE (Based on the World Bank s PIN Template, with Some Adaptations) A. Project description, type, location and schedule Name of Project: Solar Water Heating Fee-for-Service Program in the

More information

Common Principles for Climate Mitigation Finance Tracking

Common Principles for Climate Mitigation Finance Tracking Common Principles for Climate Mitigation Finance Tracking Introduction The purpose of these Common Principles for Climate Mitigation Finance Tracking (or the Principles) is to set out agreed climate change

More information

Effects of a White Certificate trading scheme on the energy system of the EU-27

Effects of a White Certificate trading scheme on the energy system of the EU-27 Effects of a White Certificate trading scheme on the energy system of the EU-27 Ralf Kuder Institute of Energy Economics and the Rational Use of Energy University of Stuttgart 08.09.2009, Vienna Overview

More information

CO 2 Regulation and Electricity Pricing

CO 2 Regulation and Electricity Pricing CO 2 Regulation and Electricity Pricing Stefan Reichelstein Graduate School of Business Stanford University September 2011 Introduction CO 2 Regulations Existing and proposed regulations of CO 2 emissions

More information

Sustainable Economic Growth: Time for a Reality Check

Sustainable Economic Growth: Time for a Reality Check Sustainable Economic Growth: Time for a Reality Check Presentation to Sustainable Scotland Network Conference 2008: Accounting for Sustainable Development Paul Ekins Professor of Energy and Environment

More information

CLEAN ENERGY PROJECT ANALYSIS WITH RETSCREEN SOFTWARE

CLEAN ENERGY PROJECT ANALYSIS WITH RETSCREEN SOFTWARE Training Module SPEAKER S NOTES CLEAN ENERGY PROJECT ANALYSIS WITH RETSCREEN SOFTWARE CLEAN ENERGY PROJECT ANALYSIS COURSE This document provides a transcription of the oral presentation (Voice & Slides)

More information

Biomass in China. Kejun JIANG Energy Research Institute, China

Biomass in China. Kejun JIANG Energy Research Institute, China Biomass in China Kejun JIANG Kjiang@eri.org.cn Energy Research Institute, China 1 ERI, China Content Biomass supply Biomass Utilization Policies Future scenarios 2 Biomass supply China s main biomass resources

More information

Improvements on the quantification of external costs

Improvements on the quantification of external costs External costs of energy and their internalisation in Europe Bruxelles, 9 December 2005 Improvements on the quantification of external costs Andrea Ricci ISIS 1/16 Background Research so far has provided

More information