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Session 3 Cecilia Tam

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3rd Annual OECD Green Investment Financing Forum

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Session 3 Cecilia Tam

  1. 1. Cecilia Tam Special Adviser 3rd OECD Green Investment Financing Forum 13 October 2016, Tokyo
  2. 2. 2 High Renewables Scenario: Pathway to APEC Renewables Doubling Goal Source: IEA (2015) and APERC analysis.  To meet the doubling RE goal, an average of 100 GW of new capacity should be added each year from 2013-2030.
  3. 3. 3 Renewable Capacity Triples to Achieve Doubling Share Goal in Power Note: this map is for illustrative purposes and is without prejudice to the status of or sovereignty over any territory, Oceania (Australia, New Zealand and PNG), Other Americas (Canada, Chile, Mexico and Peru), Other north-east Asia (Hong Kong, Japan, Korea and Chinese Taipei), South-East Asia (Brunei Darussalam, Indonesia, Malaysia, Philippines, Singapore, Thailand and Viet Nam), BAU = Business-as-usual, HR = High Renewables Source: IEA statistics 2015 and APERC analysis 2013 BAU: 819 GW 2030 HR: 2 510 GW 2040 HR: 3 041 GW GW China 0 500 1 000 1 500 2 000 2 500 2013 2020 2030 2040 GW United States 0 200 400 600 800 1 000 2013 2020 2030 2040 GW Oceania 0 20 40 60 80 100 120 2013 2020 2030 2040 GW Other Americas 0 50 100 150 200 250 2013 2020 2030 2040 GW Other north-east Asia 0 100 200 300 2013 2020 2030 2040 GW South-East Asia 0 50 100 150 200 250 2013 2020 2030 2040 GW Russia 0 20 40 60 80 100 120 2013 2020 2030 2040 Hydro Wind Solar Biomass and other Geothermal
  4. 4. 4 0.0 0.5 1.0 1.5 2.0 2.5 Transmission lines Distribution lines Nuclear Coal with CCS Coal subcritical Coal supercritial Gas turbine Gas CCGT Oil Hydro Wind Solar Biomass and others Geothermal USD trillion Investment in the electricity sector in the High Renewables Scenario, 2015-40 Renewables account for 70% of all power generation investments Energy sector investments rise just 6% in High Renewables Scenario vs BAU as savings in upstream, downstream and energy transport offset additional costs for renewables By RE technology (share) 46% 31% 12% 8% 3% Investments in High Renewables Total Energy Sector – USD 18.4 trillion in Electricity Sector - USD 8.6 trillion

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