gas and power in a low carbon economy (ppt, 4928kb)
DESCRIPTION
TRANSCRIPT
![Page 1: Gas and Power in a low carbon Economy (ppt, 4928KB)](https://reader033.vdocuments.us/reader033/viewer/2022051110/54b5603e4a7959823d8b45ae/html5/thumbnails/1.jpg)
‘Gas & Power in a Low Carbon Economy’ 17th Autumn Gas Conference, Florence
November 2002
John MogfordBP Group Vice President
![Page 2: Gas and Power in a low carbon Economy (ppt, 4928KB)](https://reader033.vdocuments.us/reader033/viewer/2022051110/54b5603e4a7959823d8b45ae/html5/thumbnails/2.jpg)
2
A Low Carbon Economy
What is it ?
What will shape it ?
How are we positioning for it ?
![Page 3: Gas and Power in a low carbon Economy (ppt, 4928KB)](https://reader033.vdocuments.us/reader033/viewer/2022051110/54b5603e4a7959823d8b45ae/html5/thumbnails/3.jpg)
3
Beyond Petroleum ?
… the view of the WorldWatch Institute
1850 1900 1950 2000 2050 21502100
100
40
80
20
60
0
Solids
Gases
Liquids
Methane
Methane
Hydrogen
Oil and hydro
Wood and hay
Coal and nuclear
“city gas” hydrogen
Whale oil
Oil and natural gas liquids
Percentage of total market
Source : WorldWatch Institute
![Page 4: Gas and Power in a low carbon Economy (ppt, 4928KB)](https://reader033.vdocuments.us/reader033/viewer/2022051110/54b5603e4a7959823d8b45ae/html5/thumbnails/4.jpg)
1. Energy & Emission Efficiency
Past Present Future
2. Decarbonisation of Fuels
3. RenewablesFuel Cells
Gas replacingCoal
Hydrogen Economy
Novel Low Energy Processes
CO2 Capture
pv Solar
Energy Efficiency
DGI & Hybrids
Wind
Reduce Flaring& Venting
Today’s Journey to a Low Carbon Economy
Gas for Transport
WaveHydro
![Page 5: Gas and Power in a low carbon Economy (ppt, 4928KB)](https://reader033.vdocuments.us/reader033/viewer/2022051110/54b5603e4a7959823d8b45ae/html5/thumbnails/5.jpg)
5
Gas Is Key to the Low Carbon Economy…
Source: IEA World Energy Outlook 2002
0
1000
2000
3000
4000
5000
1971 2000 2010 2020 2030
Power Other
bcm
![Page 6: Gas and Power in a low carbon Economy (ppt, 4928KB)](https://reader033.vdocuments.us/reader033/viewer/2022051110/54b5603e4a7959823d8b45ae/html5/thumbnails/6.jpg)
6
…But Low Carbon Policies Could Reduce Projected Gas Growth
-350
-300
-250
-200
-150
-100
-50
0
MTO
E
2010 2020 2030
Energy Savings - Alternative Scenario
Coal
Oil
Gas
Fossil Fuel Savings in OECD under IEA Alternative Policies Model
Source : IEA
![Page 7: Gas and Power in a low carbon Economy (ppt, 4928KB)](https://reader033.vdocuments.us/reader033/viewer/2022051110/54b5603e4a7959823d8b45ae/html5/thumbnails/7.jpg)
7
Policy-setting and the Growth of the Low Carbon Economy
Developmental
Innovative Mature
Stimulating competition
Creating levelplaying fields
Incentivising
Infrastructure
Establishing Green“Market-
Mechanisms”
Stimulating ‘non specific’
technology
Speculative Investment
Removing Barriers
Hydrogen
Oil
Coal
PhotovoltaicsGas
Regulating Open Access
Promoting Market Take-Up
![Page 8: Gas and Power in a low carbon Economy (ppt, 4928KB)](https://reader033.vdocuments.us/reader033/viewer/2022051110/54b5603e4a7959823d8b45ae/html5/thumbnails/8.jpg)
8
How Are We Positioning for It ?
Becoming more efficient in terms of carbon
Decarbonising our portfolio faster than society
Alignment with customer needs
![Page 9: Gas and Power in a low carbon Economy (ppt, 4928KB)](https://reader033.vdocuments.us/reader033/viewer/2022051110/54b5603e4a7959823d8b45ae/html5/thumbnails/9.jpg)
9
Beyond Petroleum - Tres Cantos, Madrid