Th e G r e e nP ow e r Fund- reflections by its author -   Graciela Chichilnisky         UNFCCC Side Event           June ...
Huma n     D o m in a t e d              W o r ldHuman Beings are today the largestgeological force in the planetWe are ch...
G lo b a l           R is k s•Climate Change•Biodiversity Extinction•Clean Water scarcity•Life in the Seas going extinct  ...
URG ENC YWhy are we being called to respond toT h e C lim a t e  Q u e s t io n
C a t a s t r o p h ic                   Rv i sr ak esthreatens the• G lo b a l s e a le e l   is    survival of 43 island...
Are H uma ns          N e xt?• Need Action Now• Waited too long• Industrial economies 20% of world population  cause most ...
Th e   A nthro p o c       e neThe change we are producing will be read in rockformations for thousands of yearsA new geol...
A B r ie f H is t o r y o f      We s te rn    E c o n o m ic s    How an individualistic frontier societyGrows Interconne...
Western Economics                     an Individualistic frontier Society• Lacks connections with natural resources• Lacks...
Western Market Economics based              on– C o m p e t it iv e M a r k e t s         -  individualistic consumers tra...
We s te r n         e c o n o m ic s• Lacks s c o n n e c people u s   D i connections between t s• Lacks connections betw...
Because humans       dominate the planet• For the first time in recorded history• Following an era of rapid globalization ...
This means natural resource             limits• As we reach natural resource and environmental limits       T h e s u r v ...
S u s t a in a b le E c o n o m ic sH o w to d o     it
What to do• Change International Law• Change Economics    We just have to do it• For the survival of our Species
Changing Economics is        Key             HOW?•Provide the Missing Connections•Between people and the environment•Betwe...
Changing EconomicsRequires Changing International Law
Change International          Law            Basic Needs• In 1974 I created the Bariloche Model of the World  Economy• Bas...
Change International                  Law   The Carbon Market• The Carbon Market I designed and  wrote into the UN Kyoto P...
Change International LawThe Green Power Fund• $200Bn/year Private/Public Fund for building  Carbon Negative Power Plants i...
Whe re a re  We ? What comes   Next?
Changes Articulated by theU n it e d N a t io n s    K yo to
Th e C a r b o n      Ma rke t• What is it?• What it is not
Th e C a r b o n        Ma rke t• E U - E T S T r a d e s $ 2 0 0 B n /y e a r• R e d u c e d 3 0 % E U e m is s io n s• C...
E m is s io n L im it s              a r e t h e b a s is o f              C a rbon Ma rke t             H o w d o e s it ...
C a rbon      M a r k Economy   Links to Global                   et      Everything is made with energy      Economic gro...
From the Carbon Market        to the Green Power Fund
Power Plants Create          Development• Energy is the mother of all Markets         A US$55 Trillion Global Power Plant ...
The Green Power                   FundMarkets• Mobilizes the World Energy Builds Carbon Negative Power Plants• $200bn/year...
To Build Carbon NegativePower Plants in LA Africa and                 AOSIS• Capture More Carbon than Emitted• Providing R...
C O P 15 :    Tw o S e e d s w it h Ir r e s is t ib le• Green PowertFund       G row h• Carbon Negative  Technologies in ...
Durban December 2011:Kyoto Protocol extended 3 years• Existing KP limits valid until 2015• New Carbon limits pledged for 2...
S u s t a in a b le    D e v e lo p m e n t    (Chichilnisky 1996, 2000, 2006, 2009, 2010)• Cost Benefit Analysis and Opti...
Basic Needs, The Carbon        Market and the      Green Power Fund• New types of markets that value the Global  Commons• ...
N e w M a rk e tsC h a n g e C a p it a lis m• Markets trading privately produced public  goods are new• They combine equi...
Green Capitalism in the 21            st         Century• The basis exists: international law and  economics• Theoreticall...
The Global Commons        New   E c o n o m ic s     From maximizing profits to        economic progressthat ensures survi...
Te c h n o l o g y i s    U r g e n t ly N e e d e d• To Reduce Carbon from the Atmosphere• In a Profitable Way           ...
Global Thermostat Pilot Plant, SRI International - Menlo Park California                           February 2011
Why a Carbon Negative Solution     C a r b o n N e u t r a l is             not e noug h    • Neutralizing emissions does ...
Closing the Carbon Cycle• GT Technology Captures Carbon from Air• Inexpensive: Uses Low Process Heat• Cogenerates Power Pr...
G T ’ s A ir                 C a p tureT h r e e - S t e p P h c e o lP r og u ye s          Tea ce dr oCn s2 s S o e d mc...
UP                             Absorbing CO2Pipes to oil well or algae
D O WN                                   Releasing CO2Pipes to oil well or algae ponds
Applications & Markets for Captured                   CO2S to ra g E nha n      A lg a e -     H yd r o          P rodue  ...
Measurable    U n iq      u e A d va nta g e s o f G T’ sadvantages over                Te c h n o l o g yotherforms ofcar...
G T P ilo t P la n t a t S R I -        O c t o b e r 1, 2 0 1006/25/12                                47
S t r a t e g icP a rtne rs
G T P r o d u c in g C a r b o n   N e g a t iv e F u e ls w it h IH I      a nisloping fully-integratedy s t e min      G...
The Green Power Fund       Createsa Carbon Negative World• To fund Carbon Negative Power plants in  island nations AOSIS L...
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The Green Power Fund -- A Rio+20 Presentation by Graciela Chichilnisky

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The Green Power Fund -- A Rio+20 Presentation by Graciela Chichilnisky

  1. 1. Th e G r e e nP ow e r Fund- reflections by its author - Graciela Chichilnisky UNFCCC Side Event June 18th 2012 Rio+20 Rio Centro Brazil
  2. 2. Huma n D o m in a t e d W o r ldHuman Beings are today the largestgeological force in the planetWe are changing the planet’s atmosphere,its body of waters, and the complex web ofspecies that makes life on earth C lim a t e C ha ng e
  3. 3. G lo b a l R is k s•Climate Change•Biodiversity Extinction•Clean Water scarcity•Life in the Seas going extinct A v o id in g E x t in c t io n
  4. 4. URG ENC YWhy are we being called to respond toT h e C lim a t e Q u e s t io n
  5. 5. C a t a s t r o p h ic Rv i sr ak esthreatens the• G lo b a l s e a le e l is survival of 43 island nations• P o l a r C a p s m e l t - accelerating warming trend• R e c o r d b r e a k i n g t o r n a d o e s , floods, droughts and devastating fires• 3 0 m i l l i o n c l i m a t e m i g r a t i o n in 2011• N a t i o n a l S e c u r i t y a t R i s k US Pentagon 2009O c e a n s - t h e o r ig in o f lif e – g o in g e x t in c t
  6. 6. Are H uma ns N e xt?• Need Action Now• Waited too long• Industrial economies 20% of world population cause most of world’s C02 emissions E n e r g y from f o s s i l f u e l s is 45% of global emissions Clean Energy is the Only Solution
  7. 7. Th e A nthro p o c e neThe change we are producing will be read in rockformations for thousands of yearsA new geological era - the ‘Anthropocene’ – follows theHolocene –it started in 1945 Th e B r e tto n Wo o d s In s t it u t io n s a f t e r W W II le d t o G lo b a liz a t io n o f W e s t e r n E c o n o m ic s
  8. 8. A B r ie f H is t o r y o f We s te rn E c o n o m ic s How an individualistic frontier societyGrows Interconnections & the Global Commons
  9. 9. Western Economics an Individualistic frontier Society• Lacks connections with natural resources• Lacks connections between present and future• Lacks connections between people
  10. 10. Western Market Economics based on– C o m p e t it iv e M a r k e t s - individualistic consumers trade private goods: no connection between people– O p t i m a l G r o w t h T h e o r y -- exponential growth of population and resource use – a frontier society without limits: no connection between the economy and ecological systems– C o s t B e n e f it A n a ly s is a n d F i n a n c i a l M o d e l s Discount the Future – a short term vision: no connection between the present and the future
  11. 11. We s te r n e c o n o m ic s• Lacks s c o n n e c people u s D i connections between t s• Lacks connections between economy and environment• Lacks connections across generations S u s t a in a b le D e v e lo p m e n t r e q u ir e s b u ild in g
  12. 12. Because humans dominate the planet• For the first time in recorded history• Following an era of rapid globalization H u m a n s d o m in a t e P la n e t E a r t h• We are connecting and changing the planet’s atmosphere, its bodies of water, and the complex web of species that makes life on Earth
  13. 13. This means natural resource limits• As we reach natural resource and environmental limits T h e s u r v iv a l o f h u m a n k in d is a t s t a k e• Need connections with the ecology, between people and with the future of our species C a n W e s t e r n E c o n o m ic s a d ju s t ?
  14. 14. S u s t a in a b le E c o n o m ic sH o w to d o it
  15. 15. What to do• Change International Law• Change Economics We just have to do it• For the survival of our Species
  16. 16. Changing Economics is Key HOW?•Provide the Missing Connections•Between people and the environment•Between the Present & the FutureN e w G lo b a l M a r k e t sme a n ne w G D P
  17. 17. Changing EconomicsRequires Changing International Law
  18. 18. Change International Law Basic Needs• In 1974 I created the Bariloche Model of the World Economy• Based on my new concept of Basic Needs• Basic Needs foundation 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
  19. 19. Change International Law The Carbon Market• The Carbon Market I designed and wrote into the UN Kyoto Protocol in 1997 is international law since 2005• Productive clean CDM transfers to developing nations $50 Bn since 2005• EU ETS Trades $200 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 was left behind in clean technology
  20. 20. Change International LawThe Green Power Fund• $200Bn/year Private/Public Fund for building Carbon Negative Power Plants in developing nations• Funded by the CDM of the Kyoto Protocol = Carbon Market trading in 2011• Created in Copenhagen CP15 December 2009 – I published and presented it to Pershing US State Dept, and Pizer US Treasury• Announced two days later December 17 2009 by US Sec H. Clinton -- now accepted in Durban 2011
  21. 21. Whe re a re We ? What comes Next?
  22. 22. Changes Articulated by theU n it e d N a t io n s K yo to
  23. 23. Th e C a r b o n Ma rke t• What is it?• What it is not
  24. 24. Th e C a r b o n Ma rke t• E U - E T S T r a d e s $ 2 0 0 B n /y e a r• R e d u c e d 3 0 % E U e m is s io n s• C D M tra ns fe rs re d $ 5 0 B n c le a n e n e r g y p r o je c t s in p o o r n a t io n s• N o w in 4 c o n t in e n t s• C o m p u ls o r y C a r b o n M a r k e t in C a lif o r n ia U S A• U S F e d e r a l L a w M a r c h 2 0 12 lim it s p o w e r p la n t e m is s io n s•
  25. 25. E m is s io n L im it s a r e t h e b a s is o f C a rbon Ma rke t H o w d o e s it W o r k Carbon Makes Clean CHANGEDirty pays Energy CARBON S THE clean – profitable PRICES $25/TON ENTIRE ZERO Dirty ARE THE EMITTED GLOBAL overall Energy Missing ECONOM costs expensive Signal Y and Undesirabl e
  26. 26. C a rbon M a r k Economy Links to Global et Everything is made with energy Economic growth = Energy Use Link to EnergyC a r b o n M a r k e t p r o v id e s M is s in g S ig n a l New Market Prices = New ValuesCarbon Market = New GDP
  27. 27. From the Carbon Market to the Green Power Fund
  28. 28. Power Plants Create Development• Energy is the mother of all Markets A US$55 Trillion Global Power Plant Infrastructure (IEA)• They Power the World• The World needs more energy• But Power Plants today emit 45% of all Carbon emissions• Need carbon negative power plants NOW
  29. 29. The Green Power FundMarkets• Mobilizes the World Energy Builds Carbon Negative Power Plants• $200bn/year to build carbon negative power pants• Creating Rapid Development in Latin America Africa Small Island StatesF und e d b y the C a rbon Ma rke t
  30. 30. To Build Carbon NegativePower Plants in LA Africa and AOSIS• Capture More Carbon than Emitted• Providing Rapid Development while• Cleaning the Planet’s Atmosphere• Ideal for Low Income Developing Nations• Low Emitting Nation can Reduce more Carbon than they emit• Paid for by the $200 Bn/trading of the C a rb o n M a rk e t o f the K yo to P r o to c o l
  31. 31. C O P 15 : Tw o S e e d s w it h Ir r e s is t ib le• Green PowertFund G row h• Carbon Negative Technologies in the CDM
  32. 32. Durban December 2011:Kyoto Protocol extended 3 years• Existing KP limits valid until 2015• New Carbon limits pledged for 2015• Green Climate Fund Accepted by all Nations
  33. 33. S u s t a in a b le D e v e lo p m e n t (Chichilnisky 1996, 2000, 2006, 2009, 2010)• Cost Benefit Analysis and Optimal Growth theory exist that do not discount the FutureA Formal Theory of Sustainable Development has been developed that provides E q u a l tre a tm e nt fo r f u t u r e g e n e r a t io n s C o nne c ts Th e P re s e n t a n d th e
  34. 34. Basic Needs, The Carbon Market and the Green Power Fund• New types of markets that value the Global Commons• The Atmosphere, Biodiversity, Water Change the global economy
  35. 35. N e w M a rk e tsC h a n g e C a p it a lis m• Markets trading privately produced public goods are new• They combine equity with efficiency Connecting People• They require limits on resource use Connecting Economics with Ecological Systems
  36. 36. Green Capitalism in the 21 st 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
  37. 37. The Global Commons New E c o n o m ic s From maximizing profits to economic progressthat ensures survival of our species
  38. 38. Te c h n o l o g y i s U r g e n t ly N e e d e d• To Reduce Carbon from the Atmosphere• In a Profitable Way Th e Wo r d n e e d s E ne rg y C LEAN ENERGY FOR D E V E L O P IN G N A T IO N S
  39. 39. Global Thermostat Pilot Plant, SRI International - Menlo Park California February 2011
  40. 40. Why a Carbon Negative Solution C a r b o n N e u t r a l is not e noug h • Neutralizing emissions does not prevent further increases in atmospheric CO2 • 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 N e g a t iv e C a r b o n is • h e s o enables direct and rapid t Air capture l u t i o n 1 reduction of CO2 concentration • 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 G T ’ s t e c h n o lo g y1 United Nations Headquarters, New York, November 12, 2009. Presentation byG. Chichilnisky on"The Rising Tide at Copenhagen: d ir e c t ly r e d u c e sA Win-Win Solution for Industrialized and Developing Nations" c a r b o n c o n c e n t r a t io n 06/25/12 i n t h e a i r , m a k i n g 40
  41. 41. Closing the Carbon Cycle• GT Technology Captures Carbon from Air• Inexpensive: Uses Low Process Heat• Cogenerates Power Production withCarbon Capture• The More Power is Produced – the More Carbon is reduced• Makes Coal Plants Carbon Negative• Makes Solar Power Plants even more Carbon Negative
  42. 42. G T ’ s A ir C a p tureT h r e e - S t e p P h c e o lP r og u ye s Tea ce dr oCn s2 s S o e d mcC o nc e ntr t O tr a S te p 1 S te p 2 S te p 3A ir In p u t C O 2 C O 2 C a p ture R e g e ne ra t io n Key to GT’s technology iscogeneration using Tr a n s p o r O the r C ompre s low temperature t a nd A p p lic a t i s io n process heat to In je c t io n ons 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
  43. 43. UP Absorbing CO2Pipes to oil well or algae
  44. 44. D O WN Releasing CO2Pipes to oil well or algae ponds
  45. 45. Applications & Markets for Captured CO2S to ra g E nha n A lg a e - H yd r o P rodue c e d O il Based g e En -R a n d A sg a e - * O c t l cement, Rec ov B io f u e l B arbsapsre d e fertilizer,e lss t e e d s bplastics,o e io f u nt m e r y* s* F u e lssi g n i fgreenhouses ic a n t o p p o r t u n it ie s f o r c o m m e r c ia l a p p lic a t io n s o f C O 2 c a p ture d u s in g G T’ s 06/25/12 t e c h n o lo g y 45
  46. 46. Measurable U n iq u e A d va nta g e s o f G T’ sadvantages over Te c h n o l o g yotherforms ofcarboncapture C a r b o n N e g a t iv e L o w -C o s t P r o v id e r S o lu t io n •Powered by low cost & widely •An energy or industrial plant available process heat can capture even more CO2 than is emitted – a carbon negative solution F le x ib le S c a la b le D e s ig n In t e g r a t io n •Modular design adapts to • Fossil, renewable, nuclear different sized applications plants, industrial plants, (cement, steel) – anywhere heat is available
  47. 47. G T P ilo t P la n t a t S R I - O c t o b e r 1, 2 0 1006/25/12 47
  48. 48. S t r a t e g icP a rtne rs
  49. 49. G T P r o d u c in g C a r b o n N e g a t iv e F u e ls w it h IH I a nisloping fully-integratedy s t e min GT d A l g a e S biorefinery s partnership with Algae Systems • Produces carbon negative transportation fuels (gasoline diesel) • Treats municipal wastewater and produces drinking water • Generates green electricity and biochar fertilizers F u e l s , CO2 E le c t r Algae Fuel ic it y Solar Dewatering Production Production &Energy B io c h Waste Tre a t ar D r in water ed k in g Wa s t Desalination Wa te ewat r er P r o v id e s c r it ic a l m u n ic ip a l s e r v ic e s w h ile p r o d u c in g e n e r g y A s G r e e n A s It G e t s 06/25/12 49
  50. 50. The Green Power Fund Createsa Carbon Negative World• To fund Carbon Negative Power plants in island nations AOSIS Latin America & Africa• The ONLY WAY that low emitting developing nations can benefit from the Clean Development Mechanism of the Kyoto

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