Pew clean energy program

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Pew clean energy program

  1. 1. Opportunity Abounds New research makes the economic case for clean energy in the United States
  2. 2. The Pew Clean Energy Program The goal is to accelerate the clean energy economy for its national security, economic and environmental benefits. The program promotes the adoption of key changes to U.S. energy policy in four sectors: • Industry • Utilities • Transportation • Research and Development
  3. 3. Clean Energy Economy Research Portfolio
  4. 4. 2012: A Year of Change • Investment , while Deployment • Investment Moving from West East • Investment Moving from Wind Solar • Financial Innovation Drives Small Project Investment • Investment in Developing Nations
  5. 5. Worldwide Investment Declines In global investment from 2011 Global public & private investment in 2012 In investments in emerging markets In investments in G-20 nations
  6. 6. Clean Energy Sector Remains Resilient The incremental average increase in global investment per triennial
  7. 7. Falling Prices Lead to Increased Installed Capacity Total solar added globally in 2012, a record Total clean energy added globally in 2012 Of new generating capacity in the U.S. was from renewable sources. In the E.U. that figure was 70% for the second year
  8. 8. Investment Moving from West to East Investment in Asia & Oceania, an increase of 16% Investment in Europe, the Middle East & Africa, a decline of 22% Investment in the Americas, a decline of 31%
  9. 9. Investment Shifting to Solar Investment in solar, 58% of the G-20 total Investment in wind, a decline of 14 percent, but enough to spur record deployment globally
  10. 10. China Leads the Clean Energy Race
  11. 11. China is World’s Clean Energy Leader Likely to remain at the top for foreseeable future. In China clean energy investment from 2011 Of G-20 solar energy investment Of G-20 total investment Of G-20 wind energy investment Of G-20 small hydro, geothermal, marine, and biomass investment
  12. 12. United States Stumbles in Clean Energy Race Sector rose and fell like a roller coaster In U.S. clean energy investment from 2011 Record wind energy installed Of all new electric generating capacity was renewable Record solar energy installed -- Still less than half of what some E.U. markets saw in recent years 0.3 2.5 6.0 2.0 3.0 2.0 2 10.3 4.5 6.5 13.6 2.8 8 3 4 2009 2010 2011 2012 2013e 2014e 2015e 2016e Commissioned Financing secured/under construction Permitted Announced/planning begun To be announced -56% 44% 109% -79% 186% -63% 33% US wind capacity by status assuming no PTC extension, 2009-16e (GW) Source: Bloomberg New Energy Finance
  13. 13. Policy Matters Rankings of the top nations in clean energy investments, 2011 and 2012
  14. 14. Advantage America: The U.S.-China Clean Energy Technology Trade Relationship In 2011
  15. 15. Methodology & Sources • U.S.-China clean energy trade in 3 key sectors – solar, wind, energy smart technology • 2011 data for exports and trade by U.S. and Chinese companies operating overseas • Sources included BNEF Industry Intelligence Desktop, U.S. government databases (ITC DataWeb), public company financial data, BNEF analyst interviews
  16. 16. The Solar PV Value Chain Source: Solar World
  17. 17. U.S. – China Solar Energy Trade Flows, 2011 (in millions of U.S. dollars) Source: Bloomberg New Energy Finance
  18. 18. The Wind Energy Value Chain Source: U.S. Department of Energy
  19. 19. U.S. – China Wind Energy Trade Flows, 2011 (in millions of U.S. dollars) Source: Bloomberg New Energy Finance
  20. 20. Energy Smart Technologies
  21. 21. U.S. – China Smart Technologies Trade Flows, 2011 (in millions of U.S. dollars)
  22. 22. Total U.S. – China Clean Energy Trade Flows, 2011 (in millions of U.S. dollars) U.S. China Source: Bloomberg New Energy Finance
  23. 23. U.S. – China Trade Relationship Conclusions • America’s strength is innovation and advanced manufacturing/materials • U.S. firms have a larger global footprint • China’s strength is high-volume assembly
  24. 24. Introduction and Background • Qualitative Research: Roundtable discussions and consultation with industry experts on the strengths, weaknesses and opportunities facing U.S. clean energy businesses • Quantitative Analysis by Pike Research
  25. 25. Nationwide Roundtables • New York City, New York – Finance • Columbus, Ohio – Manufacturing • Golden, Colorado – Innovation • Atlanta, Georgia – Deployment/Solar • Jackson, Mississippi – Deployment/Biomass • Washington, DC – Summit
  26. 26. Challenges • Policy uncertainty • Global oversupply • International competition • Access to credit • Not a level playing field in the energy marketplace
  27. 27. Opportunities • Financial innovation • Technological innovation • Cost reductions • Increased domestic demand • Increased international exports
  28. 28. Policy Initiatives • Establish National Clean Energy Standard • Invest in U.S. energy innovation • Reinforce incentives for private investment • Level the energy playing field • Support American manufacturing • Expand markets for U.S. goods and services
  29. 29. Conclusion: We’re at the Crossroad Consistent policies give nations a global competitive advantage, helping them:  Develop new technologies  Attract manufacturing and jobs  Export clean energy technologies  Compete globally While the U.S. leads in some areas, without policy, that lead will diminish and in areas where we are behind, and the gap will continue to grow.
  30. 30. Emily Bryan Organizer Pew Clean Energy Program ebryan@cooleyps.com

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