SCIFEST: Global Efforts Address Climate Change

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SCIFEST: Global Efforts Address Climate Change

  1. 1. Global Efforts Address Climate Change Graciela Chichilnisky Columbia University & Global Thermostat SCIFEST Saint Louis Science Center October 18-23 2011
  2. 2. Humans dominate the planet <ul><li>We change the atmosphere, bodies of water and the complex web of species that makes life on Earth </li></ul><ul><li>In thousands of years geologists will read the change in rock formations </li></ul><ul><li>THE ANTHROPOCENE </li></ul>
  3. 3. Global Warming Signals Melting glaciers - Antartica
  4. 4. Melting ice sheets Antartica
  5. 5. Melting ice Antartica
  6. 6. Patagonia - Melting glaciers
  7. 7. Global Warming Signals <ul><li>Outbreak of Malaria in Africa </li></ul>
  8. 8. Global Warming Signals <ul><li>China’s industrial growth </li></ul>
  9. 9. Global Warming Signals <ul><li>Desertification of 25% of China land mass </li></ul>
  10. 10. Global Warming Signals <ul><li>Australia’s longest draught on record now floods </li></ul>
  11. 11. Global Warming Signals <ul><li>Solar farm in Spain </li></ul>
  12. 12. Water Warning <ul><li>Colorado River USA dries up - 2007 </li></ul>
  13. 13. Fires from drought – 2006 to 2010
  14. 14. Endangered <ul><li>Primates </li></ul>
  15. 15. Endangered <ul><li>Sea mammals </li></ul>
  16. 16. Endangered
  17. 17. Disappearing
  18. 18. Disappearing
  19. 19. Global Energy is the cause <ul><li>89% global energy is fossil – gas coal, oil </li></ul><ul><li>10% nuclear, geothermal and hydroelectric </li></ul><ul><li>Less than 1% is solar power </li></ul><ul><li>Electrical Power Plants emit 45% of global carbon </li></ul><ul><li>A $55 trillion global infrastructure (IEA) </li></ul>
  20. 20. A North - South Issue <ul><li>Industrial Nations </li></ul><ul><li>use 70% of the world’s Energy </li></ul><ul><li>60% of global Carbon Emissions </li></ul><ul><li>Only 20% of global population </li></ul><ul><li>Developing Nations </li></ul><ul><li>suffer most risks </li></ul><ul><li>80% of the world’s population </li></ul>
  21. 21. Future Global Needs <ul><li>The world needs more energy </li></ul><ul><li>Africa & Latin America </li></ul>
  22. 22. Global Efforts <ul><li>Address Climate Change </li></ul><ul><li>The G- 20 calls for </li></ul><ul><li>Sustainable Development </li></ul>
  23. 23. How to Solve the Energy Problem <ul><li>Where are we now? </li></ul><ul><li>What to do next? </li></ul>
  24. 24. Saving Kyoto <ul><li>1997: United Nations Kyoto Protocol </li></ul><ul><li>Introducing its UN Carbon Market - I helped create a $200 B/year market that changes global economy –reduced 37% EU emissions </li></ul><ul><li>KP provided $50 Bn – for Clean Development Mechanism projects in developing nations </li></ul><ul><li>Kyoto’s Terms Expire in 2012 </li></ul><ul><li>Next steps are needed </li></ul>
  25. 25. Global Efforts: The Solution <ul><li>Negative Carbon Technologies – power plants that remove carbon from the atmosphere </li></ul><ul><li>Funded the Kyoto Protocol – trading $200 BN/year today – power Africa and LA </li></ul><ul><li>At zero cost to the Global Economy </li></ul><ul><li>Transferring wealth from dirty to clean energy </li></ul>
  26. 26. Solution: a Blueprint for Sustainable Development <ul><li>Clean & Abundant Energy from Negative Carbon Power plants </li></ul><ul><li>Transforming Fossil Plants and Solar Energy Plants so they can reduce atmospheric carbon concentration </li></ul><ul><li>$200 B/year Global Investment Fund to build Carbon Negative Plants & renew $55 trillion power plant industry worldwide (IEA) - Stimulates Global Economy </li></ul><ul><li>Private Capital underwritten by UN Kyoto Protocol </li></ul>
  27. 27. The Solution <ul><li>Cogenerate electricity with carbon capture </li></ul><ul><li>Create $200 Bn/year Fund to build carbon negative power plants </li></ul><ul><li>In Africa and Latin America – encourage growth </li></ul><ul><li>Self funded plan – money from UN KP Carbon Market that already trades $200 Bn/yeaar </li></ul>
  28. 28. Is this all POSSIBLE? <ul><li>YES </li></ul><ul><li>But a race against time </li></ul>
  29. 29. One Example <ul><li>How to reduce CO2 from the atmosphere while making profits </li></ul><ul><li>Why I am doing it </li></ul>
  30. 30. Global Thermostat Captures CO2 from Air Transforms CO2 from a Global Threat Into A Massive Profit Opportunity
  31. 31. Global Thermostat Pilot Plant, SRI International - Menlo Park California February 2011
  32. 32. Why a Carbon Negative Solution Global Thermostat Company Confidential Page Carbon Neutral is not enough <ul><li>Neutralizing emissions does not prevent further increases in atmospheric CO2 </li></ul><ul><li>Even the most aggressive efficiency improvements and renewables adoption are unlikely to keep CO2 concentration at the generally agreed 450ppm to avoid catastrophic climate risk </li></ul>Negative Carbon is the solution 1 <ul><li>Air capture enables direct and rapid reduction of CO2 concentration </li></ul><ul><li>GT allows for the capture of even more CO2 than we are loading into the atmosphere or that the earth’s systems can absorb – Negative Carbon </li></ul>GT’s technology directly reduces carbon concentration in the air, making carbon negative possible 1 United Nations Headquarters, New York, November 12, 2009. Presentation by G. Chichilnisky on &quot;The Rising Tide at Copenhagen: A Win-Win Solution for Industrialized and Developing Nations&quot;
  33. 33. GT’s Air Capture Technology Three-Step Process Produces Concentrated CO 2 Stream Step 1 Air Input Transport and Injection Compression Other Applications Key to GT’s technology is cogeneration using low temperature process heat to capture CO 2 Subsequent steps are shared by all CO 2 capture methods though pipelining costs can be reduced by co-locating where CO 2 is stored or used Step 2 CO 2 Capture Step 3 CO 2 Regeneration
  34. 34. Absorbing CO 2 Pipes to oil well or algae UP
  35. 35. Releasing CO 2 Pipes to oil well or algae ponds DOWN
  36. 36. GT Pilot at SRI - October 1, 2010 Global Thermostat Company Confidential Page
  37. 37. Global Thermostat Page 3 Key Markets for Captured CO2 <ul><li>Sell CO2 to industrial gas markets (Linde, Air Liquide): $5 Bn/year </li></ul><ul><li>Sell CO2 for Enhanced Oil Recovery: Texas, Wyoming, California, Calgary, China (Sinopac Oil Field, Occidental Petroleum): $25 Bn/year </li></ul><ul><li>Create renewable synthetic fuels with CO2: $3 Trillion global gas mkt </li></ul>1. Industrial Markets Beverage, Agriculture, Materials 3. Renewable Fuels CO2 + H2 = 2. EOR Oil and Gas
  38. 38. Global Thermostat Company Confidential Page GT Solution Unlocks These Markets <ul><li>80MM tons CO2 sold in US today & growing fast </li></ul><ul><li>DOE projects 1 billion tons of CO2 per year needed for EOR </li></ul><ul><li>Regular market price for CO2 $35 – 200 per ton </li></ul><ul><li>GT can supply these growing global markets very profitably … </li></ul><ul><li>Cost Breakthrough </li></ul><ul><li>Powered by low-cost, widely-available process heat </li></ul><ul><li>Eliminates transportation costs </li></ul><ul><li>Modular Design </li></ul><ul><li>Plants Small or Large </li></ul><ul><li>Locates anywhere with 100 C heat source </li></ul><ul><li>Flexible Integration </li></ul><ul><li>Into Legacy or New Industrial Facilities </li></ul><ul><li>Carbon Negative Solution </li></ul><ul><li>Captures more CO2 from fossil fuel power plants than is emitted by them </li></ul>
  39. 39. Leadership Team Global Thermostat Company Confidential Page <ul><li>Ed Hotard, former COO Praxair </li></ul><ul><li>Eric (Ric) Redman, President, Summit Power </li></ul><ul><li>Ron Chance, Emeritus Science Advisor, Exxon </li></ul><ul><li>Rocco Fiato, Accelergy - Richard Kauffman, CEO Good Energies </li></ul><ul><li>Nicholas Eisenberger, Pure Energy Partners </li></ul><ul><li>Ben Bronfman, Green Owl </li></ul><ul><li>Chris Jones, Georgia Tech </li></ul><ul><li>Roger Cohen, Ex- Exxon </li></ul>Graciela Chichilnisky Managing Director <ul><li>Leading economist, experienced entrepreneur, inventor, & executive </li></ul><ul><li>Founder CEO of FITEL & Cross Border Exchange, financial technology companies </li></ul><ul><li>Author carbon market of Kyoto Protocol (EU ETS), and of formal theory of Sustainable Development </li></ul><ul><li>PhDs (2) in Mathematics and in Economics, MIT and UC Berkeley </li></ul><ul><li>Tenured Professor Columbia University, previously Harvard and Stanford </li></ul>Peter Eisenberger Managing Director <ul><ul><li>Leading physicist, R&D energy executive – 20 year career as head of R&D at Bell Labs and Director EXXON Global R&D, Vice Provost Columbia university </li></ul></ul><ul><ul><li>Expertise in innovation around CO2 – renewable gasoline, chemicals, materials </li></ul></ul><ul><ul><li>Founding Director Princeton University Materials Institute </li></ul></ul><ul><ul><li>Founding Director Columbia University Earth Institute </li></ul></ul>Edgar Bronfman, Jr. Chairman <ul><li>Chairman/CEO of Warner Music Group </li></ul><ul><li>Recently successfully sold Warner for $3.3 billion </li></ul><ul><li>Chief architect of Vivendi Universal entertainment division; acquired Polygram </li></ul><ul><li>Former President and CEO of the Seagram Company </li></ul>Key Advisors
  40. 40. GT Technology Partners Global Thermostat Company Confidential Page Coatings and Sorbents Project Development & Management Engineering Design Sorbent Development Monoliths Pilot development & testing
  41. 41. Negative Carbon is needed NOW Page
  42. 42. Blueprint for Transformation Green Power Fund Global Thermostat Page
  43. 43. Global Efforts <ul><li>Clean Energy focus: New Clean Economy </li></ul><ul><li>With Carbon Negative Power Plants, Africa and LA can clean the world’s atmosphere </li></ul><ul><li>Provide global leadership </li></ul><ul><li>Avert Poverty and Sustainable Development for a safer Atmosphere </li></ul><ul><li>Transforming capitalism through new types of Markets for Global Commons </li></ul><ul><li>The last come first </li></ul>

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