Rain Forest


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Silicon French Sustainability Group

Published in: Business, Technology
  • Just a quick bit of constructive criticism on this slide.

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    A more effective way to present this would be to move the picture of the hurricane further down and to keep the wording above the Earth; this would make a more effective point visually -- the looming hurricane without anything to obstruct it is more awe inspiring.

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Rain Forest

  1. Bill Barclay Global Finance Campaigner April 12 th , 2007 Silicon-French Panel Menlo College Global Finance Campaign
  2. Climate Change Are we up to the challenge?
  3. Up to 11.5° F hotter by 2100 Business as usual is not an option
  4. Impacts Assessment <ul><li>Species </li></ul><ul><li>extinctions </li></ul><ul><li>Heat waves </li></ul><ul><li>Water stress </li></ul><ul><li>Sea level rise </li></ul><ul><li>Agriculture </li></ul><ul><li>disruption </li></ul>IPCC 2007
  5. 5% of world population 25% of global emissions
  6. 80% reduction in GHG by 2050 needed: Will Congress deliver?
  7. “ Climate change is the most massive case of market failure in human history.” Sir Nicholas Stern, November 2006 “ Another decade of business-as-usual carbon emissions will probably make it too late to prevent runaway climate change.” “ We need an immediate moratorium on new coal fired power plants.” - Dr. Jim Hanson, Chief Climate Scientist, NASA.
  8. King Coal <ul><li>Electricity 30% of CO2 in US </li></ul><ul><li>Coal is dirtiest fossil fuel </li></ul><ul><ul><li>50% of electricity, but </li></ul></ul><ul><ul><li>80% of CO2 </li></ul></ul><ul><li>1/3 of global CO2 from coal </li></ul>
  9. 150 new coal power plants currently proposed in the US <ul><li>585 million tons of CO2 emissions/year </li></ul><ul><li>More than the energy emissions of 95% of world’s countries </li></ul><ul><li>$125 billion to build </li></ul><ul><li>$50 billion annually in externality costs </li></ul><ul><li>Each major new plant = 1 million new cars </li></ul>
  10. The Campaign Model Global Finance Campaign
  11. <ul><li>Expose destructive side of brands </li></ul><ul><li>Strengthen “marketplace democracy” </li></ul><ul><li>Make real & significant progress – align corporate policy with environmental values </li></ul><ul><li>Applaud strong corporate leadership </li></ul><ul><li>Motivate laggards by leveraging public opinion and consumer pressure </li></ul>Markets Activism
  12. $ Chain of destruction Exploration Extraction Transport Refinement Consumption
  13. <ul><li>Top Funder: </li></ul><ul><ul><li>Logging </li></ul></ul><ul><ul><li>Oil & Gas </li></ul></ul><ul><ul><li>Mining </li></ul></ul><ul><ul><li>Hydro Projects </li></ul></ul>Follow the Money
  15. November 13, 2002
  16. January 26, 2004
  18. <ul><li>Citigroup </li></ul><ul><li>Prohibit investment in any extractive industry operations in primary tropical forests </li></ul><ul><li>Place severe restrictions on destructive investment in all endangered ecosystems worldwide </li></ul><ul><li>Stop funding illegal logging </li></ul><ul><li>Audit its climate-changing investments and </li></ul><ul><li>Invest in renewable energy projects </li></ul><ul><li>Bank of America </li></ul><ul><li>Prohibit investment in any extractive industry operations in primary tropical forests </li></ul><ul><li>Place severe restrictions on destructive investment in all endangered ecosystems worldwide </li></ul><ul><li>Stop funding projects where indigenous land claims are not settled </li></ul><ul><li>Reduce direct and indirect emissions and invest in renewable energy projects </li></ul><ul><li>No funding for logging in intact forest ecosystems </li></ul>
  19. Implementation
  20. Equator Principles 50 banks = Led by Citi, ABN Amro, Barclays, & West LB of global project finance
  21. Equator Principles <ul><li>Based on World Bank Safeguard Policies </li></ul><ul><li>Restricts funding available in critical natural habitats </li></ul><ul><li>No climate policies </li></ul><ul><li>Only applies to project finance, not direct investment or any other extension of credit </li></ul><ul><li>Limited coverage leaves banks exposed. </li></ul>
  22. Changing Climate Round two
  24. TXU: Climate Change Texas Style <ul><li>$10 billion project </li></ul><ul><li>11 new coal power plants </li></ul><ul><li>78Mt new CO2 = </li></ul><ul><ul><li>* Japan’s entire Kyoto emission reduction </li></ul></ul><ul><ul><li>* 80% of UK’s KP target </li></ul></ul><ul><ul><li>* 15 million new cars </li></ul></ul><ul><ul><li>* BP’s entire GHG emissions globally </li></ul></ul><ul><li>14% of France’s total GHG emissions </li></ul><ul><li>Risky business! </li></ul>
  26. TXU Buyout <ul><li>Largest buyout in history ($32 billion) </li></ul><ul><li>Climate issues front and center of deal </li></ul><ul><li>8 of 11 new coal power plants cancelled </li></ul><ul><li>Increased investment in energy efficiency </li></ul><ul><li>Increased investment in renewable energy </li></ul>
  27. March 23, 2007
  28. The Wall Street Seven No New Coal!
  29. Investment hierarchy for climate friendly power <ul><li>Put a price on carbon </li></ul><ul><li>Invest in energy efficiency (Negawatts) </li></ul><ul><li>Invest in new renewable energy (solar, wind) </li></ul><ul><li>Invest in new fossil fuel power which meets strict carbon emission standards </li></ul>
  30. <ul><li>The probabilities are terrible </li></ul><ul><li>but </li></ul><ul><li>The opportunities are marvelous </li></ul>
  31. www.ran.org Global Finance Campaign