paris economic stakes of the paris climate conference oct 14th 2015
TRANSCRIPT
A Brief History of Western Economics
The Role of Carbon Removals
Carbon Market & Green Power Fund
- by their author-
A Key Strategy for Averting Climate Change
Graciela ChichilniskyEconomic Stakes of the Paris Climate ConferenceUniversite de Paris Dauphine Paris October 14, 2015
The main message of my presentation is that one cannot have sustainability without us hunans Closing the Carbon Cycle , by which is meant the carbon in our fuel comes from the air just as the carbon for the energy of life comes from the air. This promotes sustainability because there is no net impact on the planets carbon balance , the input to energy being the air is more equitably distributed promoting energy security and economic development. The green power fund can provide the market stimulus to trigger this virtuous cycle. 1
Forests remove carbon
essential for sustainable developmentand human survival
UN Coalition for Rainforest Nations 50 nations
Sustainable Economics
Needs Carbon Removal Technology to match accelerated pace of industrial emissionsHow to do it
The Need for Going Carbon Negative
Carbon Neutral is not enoughNeutralizing new and existing emissions does not prevent atmospheric concentration of CO2 from further increasingIt doesnt solve the climate risk problem (reducing atmospheric concentrations below 500 ppm)Carbon-Negative Required by IPCC5th Assessment Report p 191To reduce atmospheric concentrations faster than the natural absorption rateTo achieve a safe level of CO2 concentration
Air Capture Can Make Going Carbon Negative PossiblePacala and Socolow, Science, Vol 305, 8/13/2004, Pg 969. Note: 7 Wedges refers to the seven stabilization wedges, created by Wigley, Richels & Edmonds, necessary to achieve an atmospheric concentration of CO2 of 500 ppm by 2125.
Business as usual7 Wedges (aggressive renewable energy use, efficiency, point-source sequestration)Negative Carbon Technology (such as Global Thermostat) with aggressive renewable energy
4Global Thermostat - CONFIDENTIAL
Bathtub explanation will not solve climate problem or address underlying energy security and economic development components of sustainability 4
Technology Exists Today
To Reduce Carbon from the Atmosphere
In a Profitable Way
The Word needs Energy
CLEAN ENERGY FOR DEVELOPING NATIONS
Global Thermostat Pilot Plant, SRI International - Menlo Park CaliforniaFebruary 2011
6
GT Pilot Plant at SRI - October 1, 2010Global ThermostatCompany ConfidentialPage 7
7
8MOST INNOVATIVE COMPANIES 2015Global Thermostat Worlds Top 10 Most Innovative Company in Energy selected by in April 2015
FROM HARNESSING THE AFRICAN SUN TO FILTERING CO2 OUT OF THE ATMOSPHERE, THE COMPANIES AND PRODUCTS TRANSFORMING HOW WE CONSUME ENERGY.Global ThermostatFor addressing global warming by grabbing carbon dioxide out of the air.Our energy-intensive western lifestyle comes with a hefty price: To generate most of our electricity we burn fossil fuels, a process that pumps billions of tons of carbon dioxide into the air every year. That CO2, in turn, helps warm the atmosphere (and explains why 2014 was the hottest year on record). Global Thermostat has a fix: filter air through devices that capture the CO2 with a chemical scrubber. The greenhouse gas can then either be stored deep underground or be used for industrial processes, synthetic fuelseven for growing algae. For the past year, the company has been demonstrating its technology in Menlo Park, California, but in 2015 it intends to begin shipping devices to paying clients.
8
9Short Video on Global Thermostat
9
10Short Video on Global Thermostat
10
Closing the Carbon CycleGT Technology Captures Carbon from AirInexpensive: Uses Low Process Heat Cogenerates Power Production with Carbon CaptureThe More Power is Produced the More Carbon is reducedMakes Coal Plants Carbon NegativeMakes Solar Power Plants even more Carbon Negative
Carbon dioxide concentration decreasingThe Global ThermostatENERGY
CO2 CAPTURE
Atmosphere 800
Funding from the Green Power Fundinternational law as Green Climate Fund
A $200 Bn per year Fund to build carbon negative power plants in Africa, LA and Small Island States - economic growth that cleans the atmosphereThe technology exists, and the funding exists in the EU ETS trading system with a functioning carbon market I proposed it in 2009 Copenhagen COP15Was accepted and officially endorsed by Hillary Clinton US Sec of State two days later at COP 15 only as Green Climate Fund with no reliable source of fundingNeeds connection with EU ETS Carbon Market and its CDM to have access to reliable funding sufficient funding exists to resolve climate changeFavors both North and South