Can the oil and gasindustry become a green    economy leader?      Emma Wilson, IIED     KAZAKHSTAN GREEN     ECONOMY DIAL...
The challenge As a major producer and exporter of hydrocarbons,  Kazakhstan needs to consider the role that fossil fuels ...
Key governance issues Revenue management: wise distribution of oil and gas  wealth supports transition to a green economy...
Typology of tools and approachesCategory of tools Examples                         BarriersTechnology         Energy effi...
Shell scenarios1. Scramble – policymakers pay little attention to moreefficient energy use until supplies are tight. Likew...
Source: Vision 2050: The new agenda for business , WBCSDhttp://www.wbcsd.org/pages/edocument/edocumentdetails.aspx?id=219&...
Next steps? Identify a green economy role for business (what is the  business case?) Use multi-stakeholder forums to bui...
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Can the oil and gas industry become a green economy leader

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Can the oil and gas industry become a green economy leader

  1. 1. Can the oil and gasindustry become a green economy leader? Emma Wilson, IIED KAZAKHSTAN GREEN ECONOMY DIALOGUE 24-26 November 2011, Astana
  2. 2. The challenge As a major producer and exporter of hydrocarbons, Kazakhstan needs to consider the role that fossil fuels will play in the transition to a green economy and more sustainable energy systems. Fossils can and should play a role in making a smooth transition, the question is how. We should be careful not to confuse this with ‘path dependence’.
  3. 3. Key governance issues Revenue management: wise distribution of oil and gas wealth supports transition to a green economy Decisions on energy subsidies/incentives made across the energy sector: fossil fuels, renewable energy, nuclear Satisfying and regulating domestic demand for energy services, encouraging efficient consumption Energy pricing: company profits vs consumer bills Promoting efficiency (regulation/technology investment) Resource sourcing: internalising costs of efficiency and risk management in production, processing, transportation
  4. 4. Typology of tools and approachesCategory of tools Examples BarriersTechnology  Energy efficiency technologies Cost; legislative gaps; publicinnovations  Carbon capture and storage acceptance; path dependenceProject  Life-cycle analysis Operational capacity; cost;management  Participatory cost-benefit methodological issues (lack oftools analysis agreement)  Company systems, lender standards (e.g. EIA, Codes)Programmatic  Strategic environmental Cost and lack of commitmentdevelopment assessment to finance such processes;planning tools  Revenue management tools methodological and procedural  Scenario planning challenges  Road mapsPolicy incentives  Carbon pricing Legislative gaps; lack of  Subsidy reform evidence on effectiveness;  R&D investment planning resistance to removal of fossil fuel subsidiesTransparency/  Global initiatives (e.g. EITI) Cost; buy-in from government;accountability  National and local budget usefulness/appropriateness ofinitiatives transparency initiatives reporting parameters  Sustainability reporting (GRI)
  5. 5. Shell scenarios1. Scramble – policymakers pay little attention to moreefficient energy use until supplies are tight. Likewise,greenhouse gas emissions are not seriously addresseduntil there are major climate shocks.2. Blueprints – growing local actions begin to addressthe challenges of economic development, energy securityand environmental pollution. A price is applied toemissions, stimulating the development of clean energytechnologies and energy efficiency measures. The result isfar lower carbon dioxide emissions.
  6. 6. Source: Vision 2050: The new agenda for business , WBCSDhttp://www.wbcsd.org/pages/edocument/edocumentdetails.aspx?id=219&nosearchcontextkey=true
  7. 7. Next steps? Identify a green economy role for business (what is the business case?) Use multi-stakeholder forums to build dialogue and understanding (what forums/modes of engagement are most appropriate or effective?) Build consensus on required policy incentives and regulations for a level playing field (what are the required policy changes?) Set targets, establish pathways to meet those targets, and develop appropriate measures of success (what metrics are appropriate to measure success?)
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