Seeing Is Believing: Creating a New Climate Economy in the United States #USNCE
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As more businesses take action on climate change, new research could help accelerate the trend by showing why it’s in U.S. companies’ economic best interests. Find out more at http://www.wri.org/blog/2014/10/new-climate-economy-shifting-corporate-america-low-carbon-path Building on the New Climate Economy report, this new analysis provides evidence and real-world examples demonstrating how the United States is already seizing economic returns while reducing its greenhouse gas emissions—and outlines what can be done to further hasten these positive trends. Find out more at www.wri.org/seeingisbelieving
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Seeing Is Believing: Creating a New Climate Economy in the United States #USNCE
- 1. SEEING IS BELIEVING: CREATING A NEW CLIMATE ECONOMY IN THE UNITED STATES NICHOLAS BIANCO
- 2. WHY THE UNITED STATES? Image: Chris Christner
- 3. 5 OPPORTUNITIES FOR REDUCING GHG EMISSIONS: 1. Electric generation 2. Electric efficiency 3. Passenger vehicles 4. Natural gas systems 5. Hydrofluorocarbons
- 4. KEY FINDINGS: 1. WE DON’T HAVE TO CHOOSE BETWEEN ECONOMIC GROWTH AND AVERTING CLIMATE CHANGE http://www.esri.com/news/arcnews/winter1112articles/winter1112gifs/p18p1-lg.jpg
- 5. KEY FINDINGS: 2. SUSTAINED TECHNOLOGICAL PROGRESS CREATES NEW OPPORTUNITIES www.flickr.com/photos/jurvetson
- 6. KEY FINDINGS: 3. POLICIES CAN OVERCOME MARKET BARRIERS TO FACILITATE INVESTMENT & INNOVATION http://upload.wikimedia.org/wikipedia/commons/thumb/0/0a/US_Congress_02.jpg/1280p x-US_Congress_02.jpg
- 7. U.S. POWER GENERATION Photo haglundc
- 8. A POWERSHIFT IN THE US
- 9. A POWERSHIFT IN THE US
- 12. The Michigan Public Service Commission recently found that new wind power was one half the cost of new coal generation. Flickr, George Thomas
- 13. Photo haglundc Austin Energy in Texas recently contracted 150 MW of new solar at under 5 cents/kWh, which is cheaper than new natural gas, coal, or nuclear. Competitive without tax credits
- 14. Photo haglundc 80% Price decline for solar PV systems since 2008
- 15. GROWING TOWER SIZE HAS OPENED UP NEW PARTS OF THE COUNTRY FOR WIND
- 16. GROWING TOWER SIZE HAS OPENED UP NEW PARTS OF THE COUNTRY FOR WIND
- 18. VEHICLE TECHNOLOGY IS NOT STATIC
- 19. FUEL-EFFICIENT AND ELECTRIC VEHICLES INCREASINGLY COST-EFFECTIVE $3,400 -5,000 Fuel savings from vehicles in 2025 7x Cars with a fuel economy of 40 miles per gallon or more
- 20. ELECTRIC VEHICLES ARE ENTERING THE MARKET MUCH FASTER THAN HYBRIDS DID
- 21. ELECTRIC VEHICLE BATTERY PRICES ARE FALLING
- 22. Photo Patrick Smith ENERGY EFFICIENCY $450 billion Electricity bill savings through 2030 due to appliance standards adopted since 2009 $2-$5 Consumer savings for every $1 invested in state efficiency programs
- 23. NATURAL GAS SYSTEMS $1.5 billion Increased annual revenues if all producers adopted best practices
- 24. HYDROFLUOROCARBONS 40% Reduction possible by 2030 with measures at a negative or break-even price
- 25. WHAT MORE IS NEEDED?
- 26. http://media.npr.org/assets/img/2013/09/19/kemper-county_wide- 390c90d9c977cff362610ff553efc4e2ffa2d91f.jpg CAPTURING EXISTING & EMERGING OPPORTUNITIES REQUIRES THE U.S. TO: Create long-term policy certainty for businesses and investors 1.
- 27. CAPTURING EXISTING & EMERGING OPPORTUNITIES REQUIRES THE U.S. TO: 2. Drive continued technological development through direct public investment in R&D, public-private partnerships, competitions, etc. http://upload.wikimedia.org/wikipedia/commons/b/b3/Mars_Reconnaissance_Orbiter_sol ar_panel.jpg
- 28. CAPTURING EXISTING & EMERGING OPPORTUNITIES REQUIRES THE U.S. TO: Provide better conditions for deployment of new technologies 3. http://upload.wikimedia.org/wikipedia/commons/2/29/Nissan_Leaf_Zero_Rally_2011.jpg
- 29. PROVIDING BETTER CONDITIONS FOR DEPLOYMENT OF NEW TECHNOLOGIES Public support for low-carbon infrastructure Eliminating regulatory barriers to investment Helping investors access low-cost financing options Address full cost of pollution
- 30. CONCLUSIONS • We don’t have to choose between economic growth and averting climate change • Sustained technological progress creates new opportunities • Policies can overcome market barriers to facilitate investment and innovation
- 31. SEEING IS BELIEVING: CREATING A NEW CLIMATE ECONOMY IN THE UNITED STATES www.wri.org/seeingisbelieving NICHOLAS BIANCO
Editor's Notes
- https://www.flickr.com/photos/dyintryin/8688836045, https://www.flickr.com/photos/jurvetson/7408451314
- Photo Credit: <a href="http://www.flickr.com/photos/86676407@N00/3946685535/">haglundc</a> via <a href="http://compfight.com">Compfight</a> <a href="http://creativecommons.org/licenses/by-nc/2.0/">cc</a>
- The United States has a strong record of adopting low-carbon technologies, saving money. Find out more: "Seeing Is Believing: Creating a New Climate Economy in the United States” http://www.wri.org/seeingisbelieving
- New natural-gas-fired power plants already cost between 19 to 44 percent less than new coal-fired power plants. Find out more: "Seeing Is Believing: Creating a New Climate Economy in the United States” http://www.wri.org/seeingisbelieving
- New natural-gas-fired power plants already cost between 19 to 44 percent less than new coal-fired power plants. In many states, renewable energy is becoming cheaper than building new coal plants– or even natural gas plants in some parts of the country. Find out more: "Seeing Is Believing: Creating a New Climate Economy in the United States” http://www.wri.org/seeingisbelieving
- A recent survey of energy contracts submitted to Michigan’s Public Service Commission found that the most recent new wind power contracts cost about half the price of new coal generation. Find out more: "Seeing Is Believing: Creating a New Climate Economy in the United States” http://www.wri.org/seeingisbelieving
- Austin Energy in Texas is finalizing a power purchase agreement for a major solar project (150 MW) at under 5 cents/kWh, which is cheaper than new natural gas, coal, or nuclear. Even without tax credits, this project is expected to be competitive with new natural gas generation. Find out more: "Seeing Is Believing: Creating a New Climate Economy in the United States" http://www.wri.org/seeingisbelieving
- Recent price declines for solar photovoltaics are particularly pronounced, with the cost of PV systems falling 80 percent since 2008 [not including installation cost]. Find out more: "Seeing Is Believing: Creating a New Climate Economy in the United States" http://www.wri.org/seeingisbelieving
- A key development for wind energy has been the continued increase in turbine height—from a hub height of 30 meters in 1990-95 to about 140 meters in 2011. Turbine technology improvements, including the ability to install larger turbines on taller towers (which can have a hub height of 140 meters and a rotor diameter of 160 meters), have expanded the areas suitable for onshore wind energy development. Find out more: "Seeing Is Believing: Creating a New Climate Economy in the United States” http://www.wri.org/seeingisbelieving
- A key development for wind energy has been the continued increase in turbine height—from a hub height of 30 meters in 1990-95 to about 140 meters in 2011. Turbine technology improvements, including the ability to install larger turbines on taller towers (which can have a hub height of 140 meters and a rotor diameter of 160 meters), have expanded the areas suitable for onshore wind energy development. Find out more: "Seeing Is Believing: Creating a New Climate Economy in the United States” http://www.wri.org/seeingisbelieving
- Passenger cars and light trucks (also known as light-duty vehicles) account for about 16.5 percent of total U.S. greenhouse gas emissions. Since the implementation of federal fuel economy and CO2 standards for cars and light-duty trucks, the number of vehicles with a fuel economy of 40 miles per gallon or more has increased sevenfold. Owners of those vehicles will benefit directly from the standards—they will save on average a net $3,400 to $5,000 over the life of their 2025 vehicle compared with a vehicle meeting the model year 2016 standards. Find out more: "Seeing Is Believing: Creating a New Climate Economy in the United States" http://www.wri.org/seeingisbelieving
- Battery prices for electric vehicles have fallen by 40 percent since 2010. Find out more: "Seeing Is Believing: Creating a New Climate Economy in the United States" http://www.wri.org/seeingisbelieving
- New federal appliance standards implemented since 2009 alone are expected to save consumers nearly $450 billion in lower electricity bills between now and 2030. State efficiency programs regularly save customers over $2 for every $1 invested, and in some cases up to $5. Find out more: "Seeing Is Believing: Creating a New Climate Economy in the United States” http://www.wri.org/seeingisbelieving
- A significant fraction of methane emissions not currently addressed by state or federal policies could be cost-effectively reduced with existing technologies, according to two recent studies. Over 20 percent of the remaining methane emissions from onshore gas development after the implementation of EPA’s new standards can be reduced at net negative cost (that is, they generate net savings), and 40 percent of emissions can be reduced at an average cost of just $0.01 per thousand cubic feet of natural gas produced, according to a 2014 study by ICF International. A 2012 study by the Natural Resources Defense Council suggested even greater levels of negative cost opportunity, and that legislation or standards to move the entire industry to use best practices would generate revenue of $1.5 billion annually (at gas prices of $4 per thousand cubic feet) and reduce U.S. greenhouse gas emissions by approximately 150 million metric tons of CO2 equivalent in 2020, while reducing emissions of harmful air pollutants. Find out more: "Seeing Is Believing: Creating a New Climate Economy in the United States" http://www.wri.org/seeingisbelieving
- The Environmental Protection Agency (EPA) estimated that the United States can reduce HFC emissions by over 40 percent from what would otherwise be emitted in 2030 entirely through measures that have a negative or break-even price today. This includes the retrofit of existing equipment with lower-GWP refrigerants, using new equipment, and improving equipment servicing practices. Several companies have begun using these alternatives, and many are saving money and energy while they reduce GHG emissions. Find out more: "Seeing Is Believing: Creating a New Climate Economy in the United States" http://www.wri.org/seeingisbelieving