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Climate Change Task Force Report: background

Climate change: Everyone’s business A guide to how your business can be successful in China Guy Dru Drury (CBI), 10 July, 2008. Climate Change Task Force Report: background. Key messages. The UK cost curve for additional greenhouse gas reduction measures. Cost of abatement

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Climate Change Task Force Report: background

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  1. Climate change: Everyone’s businessA guide to how your business can be successful in ChinaGuy Dru Drury (CBI), 10 July, 2008

  2. Climate Change Task Force Report: background

  3. Key messages

  4. The UK cost curve for additional greenhouse gas reduction measures Cost of abatement 2002 real €/tCO2e 600 550 500 Abatement required to meet 2030 target 450 400 350 40 €/tCO2e 50 0 Abatement potential MtCO2e 0 50 100 150 200 250 -50 -100 Nuclear Floor insulation Wind on-shore Industrial motor systems -150 Building structure Cavity wall Fuel substitution -400 Lighting CCS (early retired gas) Biofuels Engine and non-engine efficiency (commercial vehicles) Condensing boilers Zero-carbon homes Solid wall insulation Solar water heating Engine and non-engine efficiency (cars) CCS (gas) McKinsey & Company

  5. 14 • Key insights from analysis • 4 main areas for cutting carbon – buildings, power, transport, industrial processes • Abatements roughly 50/50 energy efficiency + low carbon energy • Cost by 2020 €60-€90/tMtCO2e falling to €40 /tCO2e in 2030 • This equates to £100 per household per year by 2030 Cross sectoral action needed NOW to cut emissions Buildings Transport Power Industry MtCO2e 0 20 40 Building structure improvements Appliances and lights* Nuclear CCS Wind Fuel efficient technology Biofuels, plug-ins and hybrids Non-CO2 gas emissions Motor systems Fuel substitution * Major contributors are lighting, PCs/other office appliances, stand-by losses, water heating, washing and drying McKinsey & Company

  6. Fast fact 1

  7. Deliverability

  8. Fast fact 2

  9. Consumers, business and government must work together McKinsey & Company

  10. 3-year business plan

  11. Conclusions

  12. THANK YOU CBI Beijing: 1006B, China Life Tower, 16 Chaoyangmenwai Ave, Beijing 100020 Tel (GMT + 8 hrs): (0086) 010 8525 3100 Fax: 010 8525 3116 Guy Dru Drury: (0086) 139 1103 7537 Email: guydd@cbi.org.uk www.cbichina.org.cn http://www.avtclient.co.uk/climatereport/

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