Air Capture & Carbon Negative Technology - Graciela Chichilnisky (October 16, 2012 @ Institute of Mechanical Engineering, London)
Upcoming SlideShare
Loading in...5
×
 

Air Capture & Carbon Negative Technology - Graciela Chichilnisky (October 16, 2012 @ Institute of Mechanical Engineering, London)

on

  • 561 views

Air Capture & Carbon Negative Technology - The Global Context; in the Short and the Long Run - Graciela Chichilnisky (October 16, 2012 @ Institute of Mechanical Engineering, London)

Air Capture & Carbon Negative Technology - The Global Context; in the Short and the Long Run - Graciela Chichilnisky (October 16, 2012 @ Institute of Mechanical Engineering, London)

Statistics

Views

Total Views
561
Views on SlideShare
560
Embed Views
1

Actions

Likes
0
Downloads
6
Comments
0

1 Embed 1

https://twitter.com 1

Accessibility

Categories

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Air Capture & Carbon Negative Technology - Graciela Chichilnisky (October 16, 2012 @ Institute of Mechanical Engineering, London) Air Capture & Carbon Negative Technology - Graciela Chichilnisky (October 16, 2012 @ Institute of Mechanical Engineering, London) Presentation Transcript

    • Air Capture &Carbon Negative Technology™ The Global Context In the Short and the Long Run Graciela Chichilnisky -- www.chichilnisky.com Columbia University and Global Thermostat – www.globalthermostat.com Institute of Mechanical Engineering London 16 October 2012
    • A Human Dominated WorldHuman Beings are today the largest geologicalforce in the planetWe are changing the planet’s atmosphere, itsbody of waters, and the complex web of speciesthat makes life on earth Climate Change?
    • The AnthropoceneThe change we are producing will be read in rock formationsfor thousands of yearsGeologists define a new geological era - the ‘Anthropocene’ –follows the Holocene – it started in 1945 The Bretton Woods Institutions after WWII led to Globalization of Western Economics
    • Global Risks• Climate Change• Biodiversity Extinction• Clean Water scarcity• Life in the Seas going extinct Avoiding Extinction
    • Are Humans Next?• Need Action Now• Waited too long• Industrial economies 20% of world population cause most of world’s C02 emissions – the North Energy from fossil fuels 45% of global emissions $55 Trillion Infrastructure 89% based on fossil fuels (IEA) Clean Energy is the Only Solution
    • The North and the South• Since 2000, developing nations that did not yet complete their industrialization are the engine of growth of the world economy – the SouthDeveloping nations are for the first time the largest growth sector in the world economy – largest emitters in the future?• Creation of G-20 in 2009: Advocating Sustainable Development
    • Sustainable Economics2009 The newly created G-20 requireschange: a Sustainable World Economy How to do it
    • Changes Articulated by the United NationsKyoto Protocol
    • The Kyoto Protocol Carbon MarketInternational Law since 2005Compulsory Carbon Markets now exist in 4 continents:EU ETS, Japan, Australia & California USA
    • December 2011: Kyoto Protocol extended 3 years in Durban COP 17• Existing KP limits valid until 2015• New global emission limits pledged for 2020
    • The Carbon Market - by its author -• What is it?• What it is not
    • Emission Limits are the basis of Carbon Market How does it Work Carbon Makes Clean Energy CARBON CHANGES THE Dirty pays profitable PRICES ARE $25/TON ENTIREclean – ZERO Dirty Energy THE Missing EMITTED GLOBALoverall costs expensive and Signal ECONOMY Undesirable
    • The Missing Signal• If we destroy all trees & make toilet paper our economy improves – why?• Because Toilet Paper has Market Value & Trees do not. We lack Market Prices New Market prices = New Values New costs and New benefits The Carbon Market Provides the Missing Signal• 1997: KP Placed Limits on industrial emissions• 2005: KP Carbon Market International Law
    • New Markets• SO2 market in CBOT – successful & 20 years old• New markets for water and for biodiversity• (Chichilnisky (1992, 1996, 2000, 2002, 2009, 2010, 2011)
    • The Carbon Market• Trades $215 Bn/year EU ETS• Reduced 37% EU emissions• CDM transferred $50 Bn clean energy projects in poor nations• Changing US$55 Trillion energy infrastructure
    • Carbon Market Links to Global Economy Everything is made with energy Economic growth = Energy Use Link to EnergyCarbon Market provides Missing Signal New Market Prices = New Values
    • FOCUS of Carbon Market• Capping Emissions• We can’t get there without emissions reductions Markets for trading a Global Public Good: Compensates bringing down Atmospheric CO2 Creating Equity and EfficiencyClosing the Carbon Cycle
    • Where are We?What comes Next?
    • What to do?• Changing International Law• Changing Economics We may just have to do it• For the survival of our Species
    • Change International Law Basic Needs• In 1974 this author created the Bariloche Model of the World Economy• Based on new concept of Basic Needs• Was the basis of Sustainable Development voted by 150 nations at the 1992 UN Earth Summit in Rio Brazil• Adopted by the G – 20 in 2009 Sustainable Development
    • Change International Law The Carbon Market• The Carbon Market - designed and written by the author into the UN Kyoto Protocol in 1997- international law since 2005• Productive clean CDM transfers to developing nations $50 Bn since 2005• EU ETS Trades $215 Bn/year, decreased 37% EU emissions since became law in 2005• Makes profitable the use of clean energy for the production of all goods and services• Changes the energy foundation of the Global Economy• China ratified the Kyoto Protocol and since 2005 leads the World in Solar and Wind markets• US did not and we are left behind in clean technology
    • Change International Law The Green Power Fund• Sustainable Development requires Carbon Negative Technology• $200Bn/year private public Fund could support this in the short and the long term – and change the global energy industry• Uses Kyoto Protocol and its Carbon Market to fund Carbon Negative Power Plants - in LA. Africa & 43 Small Island States• Created by the author in Copenhagen COP 15 Dec 2009• Partly voted as $200 Bn/year Green Climate Fund in Durban COP17 December 2011
    • New types of Markets = New GDP• Market economics can be made consistent with sustainable goals• But markets themselves must change • Individualistic markets must evolve into new types of markets that I postulated - markets for public goods – which incorporate connections between people and value Valuing the Global Commons • They are slowly emerging due to new scarcities: carbon market I created within the Kyoto Protocol, international law since 2005 trading $200Bn/year; SO2 markets in CBOT, new markets for water and for biodiversity (Chichilnisky (1992, 1996, 2000, 2002, 2009, 2010, 2011) Global markets that value privately produced public goods the Global Commons
    • Green Capitalism in the 21st Century • The basis exists: international law and economics • Theoretically and in practice • New markets for the global commons, new growth theory, new cost benefit analysis and new GDP measures, new international law
    • The Global Commons New Economics From maximizing profits to economic progressthat ensures survival of our species
    • Technology Urgently Needed• To Reduce Carbon from the Atmosphere• In a Profitable Way The Word needs Energy CLEAN ENERGY FOR DEVELOPING NATIONS
    • Why a Carbon Negative Solution Carbon Neutral is not enough Reducing CO2 Concentrations in • Neutralizing emissions does not prevent the Atmosphere CO2 Parts per Million (PPM) 800 further increases in atmospheric CO2 700 • Even the most aggressive efficiency Business as Usual improvements and renewables adoption 600 are unlikely to keep CO2 concentration at 500 Constant Growth the generally agreed 450ppm to avoid 400 catastrophic climate risk Wedges 300 Approach / Negative Carbon is the solution1 200 Stabilization Global • Air capture enables direct and rapid 100 Thermostat reduction of CO2 concentration 0 Hazardous Level • GT allows for the capture of even more CO2 450 ppm than we are loading into the atmosphere or that the earth’s systems can absorb – Negative Carbon GT’s technology directly reduces1 United Nations Headquarters, New York, November 12, 2009. Presentation by G.Chichilnisky on"The Rising Tide at Copenhagen: carbon concentration in the air,A Win-Win Solution for Industrialized and Developing Nations" making carbon negative possible Global Thermostat Company Confidential Page 27
    • Closing the Carbon Cycle• GT Technology Captures Carbon from Air• Inexpensive: Uses Low Process Heat• Cogenerates Power Production with Carbon Capture• The More Power is Produced – the More Carbon is reduced• Makes Coal Plants Carbon Negative• Makes Solar Power Plants even more Carbon Negative
    • Global Thermostat• GT creates Carbon Negative Power Plants™• More Energy for Development• While Cleaning the Atmosphere• GT Transforms the worse emitters – the fossil power plants - into carbon sinks• GT technology makes solar plants more profitable and even faster carbon sinks
    • Markets for Captured CO2 Storage Enhanced Oil Algae-Based Recovery* Biofuels* *EOR and Algae-based biofuels represent most significant opportunities for commercial applications of CO2 captured using GT’s technology Hydrogen- Products Based Fuels cement, fertilizer, plastic s, greenhousesGlobal Thermostat Company Confidential Page 30
    • Global Thermostat:Captures CO2 from AirTransforms CO2 from a Global ThreatInto A Massive Profit OpportunityBenefits the Environmentglobalthermostat Company Confidential 2
    • Global Thermostat:Transforms Energy and Fuel MarketsEnables National Security& Economic DevelopmentTurns CO2 from a global liabilityand pollutant into a profit centerand source of clean fuelClosing the Carbon CycleSMglobalthermostat Company Confidential 3
    • Leadership Team Graciela • World leading economist, entrepreneur, inventor, & executive Key Advisors Chichilnisky • Founder CEO of FITEL & Cross Border Exchange, financial technology Ed Hotard companies Former COO, Praxair Managing • Authored carbon market of Kyoto Protocol (EU ETS), and formal theory of Director Sustainable Development Eric (Ric) Redman President, Summit Power • PhDs (2) in Mathematics and in Economics, MIT and UC Berkeley • Tenured Professor Columbia University, previously Harvard & Stanford Ron Chance Emeritus Science Advisor, Exxon Rocco Fiato Accelergy, Exxon Richard Kauffman CEO, Energies Peter • Leading physicist, R&D energy executive - 20 year career as head of R&D Eisenberger at Bell Labs and Director Nicholas Eisenberger • EXXON Global R&D, Vice Provost Columbia University Pure Energy Partners Managing • Expertise in innovation around CO2 - renewable gasoline, chemicals, Ben Bronfman Director materials Global Thermostat • Founding Director Princeton University Materials Institute • Founding Director Columbia University Earth Institute Chris Jones Georgia Tech Roger Cohen Ex-Exxon Edgar • Chairman, Endeavor Global Bronfman, Jr. • General Partner, Accretive LLC Michael Fleisher • Former President and CEO of the Seagram Company Bain, Gartner Chairman • Former Chairman and CEO, Warner Music Group Eric Redman • Recently and successfully sold Warner for $3.3 billion President, Summit Power Sasha Mackler Summit Powerglobalthermostat Company Confidential 11
    • CO2 Management and Commercialization34
    • GT Pilot at SRI - October 1, 2010globalthermostat Company Confidential 16
    • September 2012First Commercial Demonstration Plant at SRICommenced March 2012 - TRL 9 expected Fall 2012Uses heat from SRI Co-gen Power PlantGT Tandem + Carburetor lowest cost embodiment fullintegration Cost Breakthrough Powered by low-cost, process heat from SRI Co-gen Plant Eliminates transportation costs Modular Design 5,000-1,000,000 tons CO2/year Locates anywhere with 100 C heat source Flexible Integration Into Legacy or New Industrial Facilities Carbon Negative Solution Captures more CO2 from SRI fossil fuel Co-gen power plants than is emitted by plantGlobal Thermostat Company Confidential
    • A Game Changing Company Transforms Energy and Fuel Markets Enables National Security & Economic Development Turns CO2 from a global liability and pollutant into a profit center & source of clean fuel Closing the Carbon CycleSMGlobal Thermostat Company Confidential Page 8