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US Climate Action Partnership

US Climate Action Partnership . Presentation for. Sustainable Cleveland & Ohio’s Tomorrow. August 23, 2007. Larry A. Boggs Senior Counsel & Director Environmental Legislative Affairs Corporate Environmental Programs GE. Who is USCAP? 33 Companies/6 NGOs. USCAP - Call for Action.

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US Climate Action Partnership

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  1. US Climate Action Partnership Presentation for Sustainable Cleveland & Ohio’s Tomorrow August 23, 2007 • Larry A. Boggs • Senior Counsel & Director • Environmental Legislative Affairs • Corporate Environmental Programs • GE

  2. Who is USCAP? 33 Companies/6 NGOs

  3. USCAP - Call for Action • We know enough to act! • Climate change is an enormous challenge—but our innovative society can meet it • The solution must be flexible, economy-wide and market based www.us-cap.org

  4. Polar Ice Cap Melt 1979 2005

  5. EIA Annual Energy Outlook 2007 US CO2 Emissions By Sector Transportation Electric Power Commercial Residential Industrial 8.7 billion metric tons 8.0 7.3 7.1 6.9 6.6 6.2 6.3 6.1 5.9 5.9 5.9 Low Growth Reference High Growth About 80% from Power & Transport

  6. www.us-cap.org US CAP - Key Principles • Climate change is a global problem, and a global solution is required • US must lead if a global solution is to be achieved • Technology is the key to a solution • A cap and trade program is essential

  7. 2005 Climate Change: Economic Growth Challenge Gross Domestic Product 2030 G7 Countries E7 Countries

  8. World CO2e Emissions By Region 2006 2050 Other Developing Other Developing US US 16% 20% 23% WesternEurope 25% 7% India 4% Japan 2% 6% 4% OtherDeveloped India 15% 15% WesternEurope 9% China Transitional 31% 5% 12% Japan 6% China Transitional Other Developed 49% in Developed World—US = ¼ of Global Emissions 62% in Developing World—China = 1/3 of Global Emissions

  9. Renewable Electricity & Fuels CO2 Capture and Storage Forests & Soils Energy Efficiency & Conservation Climate Change Technology Challenge: The Stabilization Wedges Global Tons C per yr (Billions) 14 Some Key Stabilization Wedges StabilizationWedges Projected Emissions Nuclear Fission Historical Emissions 7 Stabilization Triangle Fuel Switching Stabilization 0 2105 1955 2005 2055 “Humanity already possesses the fundamental scientific, technical, and industrial know-how to solve the carbon and climate problem for the next half-century.” - S. Pacala and R. Socolow, Science, 13 Aug 2004, Vol. 305

  10. The Need for Technology • Assumed Advances In: • Fossil Fuels • Energy intensity • Nuclear • Renewables • Gap Technologies: • Carbon capture & disposal • Adv. fossil • H2 and Adv. Transportation • Biotechnologies • Soils, Bioenergy, Adv. Biological Energy The “Gap” Chart From: Dr. Orr, Stanford University Source: J. Edmonds, PNNL

  11. Aspirational goals 2100: 450 to 550 ppm CO2 2050: 60-80% US cuts Mandatory economy-wide targets 100-105% within 5 years 90-100% within 10 years 70-90% within 15 years After enactment/ below “current” levels Recognizes/Supports diverse fuel/technology mix, including nuclear & coal differing sector approaches necessary economic growth essential—in developed/developing worlds fair allocation recognizing differing impacts on regions and businesses/ entity past actions cost control measures may be necessary, including “safety valve” use of offsets/credit for early action to 1995 US CAP Recommendations Attempts to balance environmental & economic needs

  12. USCAP Recommendation and Current Legislative Proposals

  13. Prospects: The Critical Issues • Scope/Approach: Single economy wide upstream approach or more sector specific downstream approach? All GHGs or start with C02? • Transportation: What is appropriate balance between cleaner fuels, cleaner vehicles and vehicle use? • Allocation/Allowances: • Among sectors, among members of sectors? • How much free, how much auction? • Based on input, output or some compromise? • Coal: How do we continue to use coal cleanly and manage cost impacts of cleaner? CCS is a major issue • Cost Containment: Appropriate role of offsets, banking, borrowing, safety valve? • International/competitiveness: what to do if developing countries don’t make commitments

  14. US Electricity Generation By Fuel 2005 2030 Source: Department of Energy Coal can continue—CCS is essential

  15. Coal Generated Electricity By State National average: Coal share of total generation = 50% 10% 2% 95% 64% NH 17% RI 0% CT 12% NJ 19% MA 25% VT 0% DE 59% MD 56% DC 0% 62% 67% 7% 14% 1% 46% 58% 95% 55% 78% 66% 87% 46% 94% 48% 98% 94% 45% 72% 1% 75% 85% 91% 60% 61% 53% 39% 40% 85% 48% 64% 57% 37% 25% 37% % = percent of total generation from coal for 2005 28% < 30% 30 – 50% >50% Hydro 9% 14% Source: Energy Information Administration, November 2006.

  16. US CO2 Emissions from Transportation Sector 2004: 1870.5 MtCO2e

  17. >60% 2006 1974 21.5 mpg 13 mpg Vehicle Efficiency Has Improved, but……Vehicles & VMT Have and Will Increased 2025: 298MillionVehicles 2006:230 MillionVehicles 1974:116 Million Vehicles >120% 2006 1974 28.8 mpg 13 mpg

  18. USCAP: Where from here? • Building membership • Drilling down on policy options • Working to produce US legislation as soon as practical that balances environmental and economic needs Failure is NOT an Acceptable Alternative!

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