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Towards a Low Carbon Future – Opportunities for Business


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Towards a Low Carbon Future – Opportunities for Business - CBI Annual Energy Forum 2009

Towards a Low Carbon Future – Opportunities for Business - CBI Annual Energy Forum 2009

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  • 1. Towards a Low Carbon Future – Opportunities for Business CBI Annual Energy Forum 2009 Jonathan Eves NI Innovations & Insights Manager 28 January 2009 Hilton Templepatrick
  • 2. Challenging carbon targets in a challenged economy Total UK emissions now stand at around 695 million tonnes of CO2 (MtCO2), with business and public sector organisations accounting for 241MtCO2 each year by use To meet the targets set by the Climate Change Act and the Committee on Climate Change carbon budgets, total UK emissions need to drop by 80% to 159MtCO2 in 2050 Huge economic challenges for UK plc and public sector bodies Support for business and public sector will be crucial to deliver material carbon and cost savings and new low carbon technologies, companies and products
  • 3. The Carbon Trust We were set up in 2001 by government as a independent company limited by guarantee We have a mission to accelerate the move to a low carbon economy
  • 4. We help business and public sector organisations to deliver carbon savings now and in the future We cut carbon emissions now By providing business and the public sector with expert advice, finance and accreditation By stimulating demand for low carbon products and services We cut future carbon emissions By developing new low carbon technologies through project funding and management, investment and collaboration By identifying market failures and practical ways to overcome them
  • 5. We are delivering carbon and economic benefits as we help make the low carbon economy a reality Economic Benefits Carbon Savings Carbon Savings to date - We have Cost savings now - we have helped our customers to save over delivered £1 billion in energy savings 17MtCO2 since 2001 to our customers Carbon Savings in 2050 - our Over the last 12 months we have development of low carbon saved our customers over £1m every technologies is expected to deliver day savings of up to 23MtCO2 a year in 2050 Green Jobs and Industry – We have supported the development of over 200 Value for money – National Audit new UK low carbon technology projects Office, “The Carbon Trust’s advice for and companies business has proved value for money and its Innovation Programme Private Sector Investment - The appears to be on course to do Carbon Trust’s £100m of public funding likewise”. is leveraging £700m of private sector investment each year into the UK’s low carbon economy
  • 6. Cutting carbon now – delivery in NI Key achievements in 2007/08 include We helped our customers to save 116,000 tCO2 and over £19m pa Stimulated £36 million of investment in energy efficiency and low carbon technologies Awarded over £2.9m in interest-free loans that will reduce energy costs of 35 NI companies nearly £1m per annum Over 900 delegates attending our seminars and workshops.
  • 7. Carbon Trust Publications
  • 8. The Carbon Trust and CBI partnership Business Opportunities – to maximise the opportunities that the move to a low carbon economy will create and deliver significant carbon savings that will help us meet our national targets. Emissions Reduction – To integrate emissions reduction into corporate strategy, manage and reduce the direct and indirect emissions and provide a wide range of advice and support for companies of all sizes. Policy – to create the appropriate policy frameworks to enable business to invest over the long term in low-carbon goods and services. Areas of of focus include innovation policy, fiscal incentives, energy-efficient buildings and emissions in products.
  • 9. Climate change – a business revolution? Climate change is a key strategic issue in most industries Industries will face different periods of ‘creative destruction’ Differential access to technology or capital can be critical The greatest value-at-risk and opportunity may be in niche parts of the value chain of major industry sectors Companies that prepare can gain value and will avoid risk Policy makers will significantly determine the nature of the transition The choice of policy framework and implementation detail is critical to value
  • 10. Different sectors have different levels of opportunity and risk Calculated maximum value-creation opportunities and transition value-at-risk for companies Value creation opportunity (%) Company value-at-risk (%) Source: Carbon Trust and McKinsey & Co. analysis
  • 11. Offshore Wind Opportunity for UK UK may require 29 GW Investment up to £75bn 70,000 jobs £8bn annual revenues Equivalent to peak decade of North Sea Oil & Gas Development Source: “Offshore wind power: big challenge, big opportunity” Carbon Trust 2008
  • 12. Offshore Wind Opportunity for UK Actions required Reduce costs Provide developers sufficient returns with an efficient incentive mechanism Remove regulatory barriers to deployment Government to commit, industry to respond
  • 13. Offshore Wind Accelerator Aims to cut the cost of energy from offshore wind by at least 10% Provisional commitment of £30m (up to £10m from Carbon Trust) Areas of focus: Offshore foundations – novel foundations  with potential for lower costs Wake effects – improving the optimisation  of offshore wind farm layouts Access, logistics and transportation –  reducing access costs novel for wind farm construction and operation Electrical systems – improving efficiency  of offshore wind farm electrical systems
  • 14. Climate changing opportunities for NI businesses Low Carbon Design of Buildings Provision of Energy Efficiency Solutions Renewable Energy Supply Chains Exploiting Waste Heat Opportunities Waste to Energy projects Wind Energy on Industrial Estates Low Carbon Products for Construction & Engineering Sectors Decarbonising electricity supplies
  • 15. The Applied Research Grant We are endeavouring to encourage and support the progress of low carbon technologies towards large scale deployment. We aim to support activities that contribute to the development and commercialisation of technology with the potential to reduce UK carbon dioxide emissions. – “the path to commercialisation” We offer grant funding up to £500k for applied research leading to low carbon products or services – Unlikely to fund projects with total value of less than £50k We expect all the partners to make a contribution to the cost of the work – Cash or “in-kind” - In-kind contributions have to be ‘fair and reasonable’ Open to all organisations including businesses, universities and individual innovators
  • 16. Carbon Trust Applied Research Space Technical Risk Investment EPSRC Business Risk Post Doc PhD’s VC TSB Bank Loans First Large Testing and Commercial Proof of Prototype Prototype Development Unit Concept Applied Research Product Development
  • 17. Supporting low carbon innovation in Northern Ireland Willis Renewable Energy Systems - Solasyphon – Highly innovative solar heating system – 2009 Rushlight Award in the innovative solar technology category in London Applied Research Grants – 70% successful so far in either: – Secured follow on-funding – Filed patents, – Generated sales (or expected to do so shortly) Seen as “Investor of Choice” Next R&D Open Call: 16th February – 16th April 2009
  • 18. Conclusion : Where does your company sit? Value creation opportunity (%) Company value-at-risk (%) Source: Carbon Trust and McKinsey & Co. analysis
  • 19. Towards a Low Carbon Future – Opportunities for Business The Carbon Trust Northern Ireland Science Park The Innovation Centre Queen's Road, Queen's Island Belfast, BT3 9DT Tel: 02890 737919 The contents of this presentation are the copyright of the Carbon Trust and may not be copied or republished without the prior written consent of the Carbon Trust. The trade marks, service marks and logo used in this presentation are the property of the Carbon Trust and no licence or right is granted to use any such marks or logo.