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Clean tech R&D: Implementation & Initiatives
                                                         Satish Kashyap
                                                      February 15, 2010




Climate. Value. Delivered.   www.general-carbon.com                1
Telecom history
• Will skip the drums & smoke signals to head
  to 1850 for the transatlantic cable
• Atlantic Telegraph Company
        – The British Government gave a subsidy of £1,400 a
          year and loaned the ships to lay the cable
        – Solicited aid from the US Congress. The Bill was
          passed by a single vote after much debate

Climate. Value. Delivered.   www.general-carbon.com          2
The laborious path to market
                                             Government

Policy
Interventions

                                           Market Pull
                                                                        Market
Research            Basic        Applied   Demon-       Commercial
                                                                        accumulat   Diffusion        Consumers
                    R&D          R&D       stration     -isation
                                                                        ion

                  Product/ Technology Push



Investments
                                 Business and finance community
                                                                            Source: Foxon (2003) adapted by the author

    Climate. Value. Delivered.                 www.general-carbon.com                                         3
Barriers to investment
                                               Demonstrati       Commerciali Market
            Basic R&D            Applied R&D                                                Diffusion
                                               on                sation      accumulation



Technical


Economic



Social


Political                                      n

                                  High             Medium                   Low


    Climate. Value. Delivered.                     www.general-carbon.com                               4
“No-mans” land
                                              Government

                                          Policy Interventions


                                                                   Market Pull
                                                                         Market
Research           Basic        Applied     Demon-       Commercial
                   R&D          R&D         stration     -isation
                                                                         accumulat   Diffusion   Consumers
                                                                         ion

                 Product/Tech Push




                                Business and finance community

   Climate. Value. Delivered.                   www.general-carbon.com                                5
Mapping the clean tech focus areas
High                 Monitor                                     Focus
                     • Solar water heating collectors            •   Solar Photovoltaics
                     • Waste to energy                           •   CSP
                     • Industry (Waste heat recovery).           •   Smart metering
                     • Wind                                      •   Biomass for Transport
                                                                 •   Biomass for local electricity generation
  Estimated impact




                     Limited                                     Consider
                     • CO2 sequestration                         •Wave (Offshore, Near shore devices and
                     • Nuclear fusion                            shoreline)
                     • Cleaner coal combustion                   • Tidal (Lagoons, Barrages)
                                                                 • Geothermal
                                                                 • Coal-bed methane
                                                                 • Electricity storage technologies
                                                                 • Energy efficiency

Low


                     Low
                                Investment required (stage in                                       High
                                         pipeline)
Climate. Value. Delivered.                               www.general-carbon.com                                 6
What’s in the pipeline
                                                                Commercialis    Market
Basic R&D               Applied R&D        Demonstration                                         Diffusion
                                                                ation           accumulation


                                Solar PV

                                            CSP

                                                          Biofuels

                                                                Electric vehicles

                                                                           Solar water heaters

                                                                                          Wind


   Climate. Value. Delivered.                     www.general-carbon.com                               7
Crossing stages
                                                         Commercialis   Market
Basic R&D               Applied R&D   Demonstration                                     Diffusion
                                                         ation          accumulation




• Higher Education                                          • Capital subsidy
• Funding                                                   • Exercise duty subsidy
• Tax benefits                                              • Generation based incentives
• Promote interaction




   Climate. Value. Delivered.              www.general-carbon.com                             8
Action plan
• Investments
        – Increase investments
        – Subsidy shift to clean tech
        – Funding of clean tech
• Policy
        – Promote clean tech clusters
        – Command & control + cap & trade
        – Education

Climate. Value. Delivered.    www.general-carbon.com   9
Climate. Value. Delivered.
                                                 Satish Kashyap
                             satish.kashyap@general-carbon.com
                                              February 15, 2010




Climate. Value. Delivered.   www.general-carbon.com        10

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Satish Kashyap at Clean Tech 2010

  • 1. Clean tech R&D: Implementation & Initiatives Satish Kashyap February 15, 2010 Climate. Value. Delivered. www.general-carbon.com 1
  • 2. Telecom history • Will skip the drums & smoke signals to head to 1850 for the transatlantic cable • Atlantic Telegraph Company – The British Government gave a subsidy of £1,400 a year and loaned the ships to lay the cable – Solicited aid from the US Congress. The Bill was passed by a single vote after much debate Climate. Value. Delivered. www.general-carbon.com 2
  • 3. The laborious path to market Government Policy Interventions Market Pull Market Research Basic Applied Demon- Commercial accumulat Diffusion Consumers R&D R&D stration -isation ion Product/ Technology Push Investments Business and finance community Source: Foxon (2003) adapted by the author Climate. Value. Delivered. www.general-carbon.com 3
  • 4. Barriers to investment Demonstrati Commerciali Market Basic R&D Applied R&D Diffusion on sation accumulation Technical Economic Social Political n High Medium Low Climate. Value. Delivered. www.general-carbon.com 4
  • 5. “No-mans” land Government Policy Interventions Market Pull Market Research Basic Applied Demon- Commercial R&D R&D stration -isation accumulat Diffusion Consumers ion Product/Tech Push Business and finance community Climate. Value. Delivered. www.general-carbon.com 5
  • 6. Mapping the clean tech focus areas High Monitor Focus • Solar water heating collectors • Solar Photovoltaics • Waste to energy • CSP • Industry (Waste heat recovery). • Smart metering • Wind • Biomass for Transport • Biomass for local electricity generation Estimated impact Limited Consider • CO2 sequestration •Wave (Offshore, Near shore devices and • Nuclear fusion shoreline) • Cleaner coal combustion • Tidal (Lagoons, Barrages) • Geothermal • Coal-bed methane • Electricity storage technologies • Energy efficiency Low Low Investment required (stage in High pipeline) Climate. Value. Delivered. www.general-carbon.com 6
  • 7. What’s in the pipeline Commercialis Market Basic R&D Applied R&D Demonstration Diffusion ation accumulation Solar PV CSP Biofuels Electric vehicles Solar water heaters Wind Climate. Value. Delivered. www.general-carbon.com 7
  • 8. Crossing stages Commercialis Market Basic R&D Applied R&D Demonstration Diffusion ation accumulation • Higher Education • Capital subsidy • Funding • Exercise duty subsidy • Tax benefits • Generation based incentives • Promote interaction Climate. Value. Delivered. www.general-carbon.com 8
  • 9. Action plan • Investments – Increase investments – Subsidy shift to clean tech – Funding of clean tech • Policy – Promote clean tech clusters – Command & control + cap & trade – Education Climate. Value. Delivered. www.general-carbon.com 9
  • 10. Climate. Value. Delivered. Satish Kashyap satish.kashyap@general-carbon.com February 15, 2010 Climate. Value. Delivered. www.general-carbon.com 10