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Climate Change as an Opportunity
- 1. CLIMATE CHANGE: THREATSAND OPPORTUNITIES
- 2. Talking for 2°C, Pledgingfor 3°C, Heading for 4°C • Global greenhouse gas emissions over 54 Gt CO2e in 2012 • The least cost pathway towards +2°C would be 42 Gt CO2e by 2030, 22 Gt by 2050 • IPCC warns that global carbon budget for +2C is likely to be exceeded by 2040 and PwC by 2034 2 Climate Leadership Council
- 3. The Carbon budget isalmost exceeded • The Remaining budget should be used for reaching the low carbon economy Climate Leadership Council Source: IEA World Energy Outlook 2013
- 4. The fossil fuelsare still too attractive to invest in • Increased use of fossil fuels has diluted the benefits gained by efficiency improvements and renewables. Source: IAE Climate Leadership Council
- 5. 10 SOLUTIONS (BY NEWCLIMATE ECONOMY)
- 6. 1. Integrating climate intoeconomic decisionmaking processes - Performance indicators - Risk models - Reporting requirements
- 7. 2. Strong, lasting andequitable international climate agreement • Increase the confidence needed for domestic policy reform • provide the support needed by developing countries • send a strong market signal to investors. Source: AAP
- 8. 3. Phase out subsidiesfor fossil fuels • drive more efficient use of resources and release public funds for other uses • Energy subsidies must be revised Climate Leadership Council
- 9. 4. Setting a predictableprice for carbon is necessary • The greenhouse gas emissions must be priced by there negative impacts in advance • Several companies and funds are already checking for the risks in their assets.
- 10. 5. Low-carbon infrastructure investments are needed •expanding access to institutional capital a lowering its costs for low- carbon ndassets
- 11. 6. Scale up innovationin low- carbon technologies • tripling public investment in clean energy R&D • Removing barriers to entrepreneurship and creativity Source: Better Growth, Better Climate
- 12. 7. More connected andcompact cities • Encouraging better- managed urban growth and prioritizing investments in efficient and safe mass transit systems. • The cities generate 70% of the global energy use related greenhouse gas emissions. Source: Source C40, modified by Sitra
- 13. 8. Stop deforestation of naturalforests by 2030 - strengthening the incentives for long-term investment and forest protection - Forests, as all the biomass on the planet are significant carbon sinks Source: Carbon Mitigation Initiative
- 14. 9. Restore degraded forestsand agricultural lands by 2030 • strengthening rural incomes and food security • Forests and other biomass on are significant carbon sinks Source: Better Growth, Better Climate
- 15. 10.Shift away from pollutingcoal- fired power generation • Phasing out new unabated coal plants in developed economies immediately and in middle-income countries by 2025
- 16.
- 17. The Transformation will happenat multiple sectors • There is not only one solution for mitigating the climate change • All the business sectors play an important role Sources: IEA, Princeton University, Fortum Climate Leadership Council
- 18. Huge potential: Solar energy •The Earth receives 174 petawatts (PW) of incoming solar radiation. • In 2002, this was more energy in one hour than the world used in one year. Climate Leadership Council
- 19. Huge potential: Wind energy •Wind energy capacity is increasing globally Climate Leadership Council
- 20. New game • solareconomy • gas revolution • Storages • market models • large investment opportunities Climate Leadership Council
- 21. Tranformation to low- carboneconomy means business • New energy investements will be worth of thousends of billions of US dollars Climate Leadership Council
- 22. Engine of Nationaland Global Growth • Economic growth can be achieved with less than before emissions • The investments for low carbon economy will be the new engine for Global Economic Growth Climate Leadership Council
- 23. The global lowcarbon economy is financially doable • Cost estimates 2010 - 2035: Difference between New Policies and 450 scenario is USD 640 billion per year • If the 25% of the wealthiest population in the world would carry the cost it would be around 40 euros /month/person. • The cost is an investment, profitable in the future Climate Leadership Council
- 24. Climate Leadership Council Ilmastonmuutos tapahtuu, halusivatpa yritykset sitä taieivät. Johtajuutta on olla mukana määrittämässä sitä miten muutos tapahtuu. Climate Leadership Council