New business opportunities in a low carbon economy
New Business Opportunities in a Low Carbon Economy Dr Chris Preist email@example.com
‘‘ …environmental issues arent a fad, climate change isnt just an emergency; like globalisation it is a force ’’ that will shape and reshape the business landscape for decades to come. Thomas A. Stewart, Editor of the Harvard Business Review
Strategies for Success….• Jump on a Big Bandwagon…. Carefully! – Renewable Energy• Help create a new bandwagon. – Food Emissions• Develop Enabling Services – The IT industry• Low Carbon as part of a package – Newspaper Publishing• Anticipate Future Needs – Geoengineering
Jump Carefully on a Big Bandwagon• EU and China committed to 20% renewable energy by 2020• EU aims to invest €50Bn in energy R&D over the next 10 years – €6Bn Wind; €16Bn Solar; €9Bn Bioenergy• BUT Recession could cut solar panel industry in half by end of next year
Help create a new bandwagon• Food is responsible for 20% of (consumption based) climate emissions of UK.• Much of this is non-carbon: Methane from animals and Nitrous Oxide from fertilizer use. It will be untouched by advances in efficiency and generation.• Currently receives little governmental attention – But that is likely to change
Enabling Services• Climate Change and Decarbonisation requires massive Information Management – and the IT companies know it!• Powerful corporates such as Walmart are requiring detailed information from their supply chain.
Part of a Package• Smaller sources attract less government attention (and funding)… but still are under pressure.• Carbon reduction alone will not justify action economically, but may contribute to a justification.
Anticipate Future Needs• A number of climate scientists believe that emissions reductions may not be enough to prevent positive feedback cycles.• ‘Plan B’: Geoengineering• Currently funding is almost nonexistent, but in 15-20 years there could be large scale public- private partnerships in this space….
Lots More….• City Eco-retrofit (€11Bn EU planned)• Flood prediction and adaptation• Agricultural adaptation• Carbon Capture and Storage• Reduced Emissions from Deforestation• Carbon Sequestration - Biochar
Points to Consider• Understand the scale of the problem addressed. Does govt attention/incentives match the scale?• Look at the whole lifecycle – and beyond. It could bite you….• Check for low-tech alternatives• Relate to other business drivers. Do they support or hinder the technology?