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A Corporate Perspective: the Significance of the Kyoto Mechanisms

A Corporate Perspective: the Significance of the Kyoto Mechanisms. Tom Jacob DuPont tom.jacob@usa.dupont.com October 29, 2002 UN Framework Convention on Climate Change. Science-based solutions... Food & Nutrition Health Care Apparel Home & Construction Electronics Transportation

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A Corporate Perspective: the Significance of the Kyoto Mechanisms

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  1. A Corporate Perspective: the Significance of the Kyoto Mechanisms Tom Jacob DuPont tom.jacob@usa.dupont.com October 29, 2002 UN Framework Convention on Climate Change

  2. Science-based solutions... • Food & Nutrition • Health Care • Apparel • Home & Construction • Electronics • Transportation • From a global company • Operations in 70 countries

  3. A company concerned about climate change • Committed in ‘91 to reducing GHG’s • Reduced our global emissions by over 50% during decade of ‘90’s • New goals for coming decade • Attain 65% reduction from ‘90 • Maintain flat energy consumption • Source 10% of energy from renewables

  4. Climate Change & Industry Perceived Environmental Risk Very High Perceived Economic Risk Very High Low Low

  5. Climate Change & Industry Perceived Environmental Risk Very High Perceived Economic Risk Very High Low Non-Issue Low

  6. Climate Change & Industry Perceived Environmental Risk Very High Environmental Issue Perceived Economic Risk Very High Low Non-Issue Low

  7. Climate Change & Industry Perceived Environmental Risk Very High Environmental Issue Perceived Economic Risk Very High Low Economic Issue Non-Issue Low

  8. Climate Change & Industry Perceived Environmental Risk Very High Environmental Issue DUPONT Perceived Economic Risk Very High Low Economic Issue Non-Issue Low

  9. Climate Change & Industry Perceived Environmental Risk Very High Significant Complex Challenge Environmental Issue Perceived Economic Risk Very High Low Economic Issue Non-Issue Low

  10. A LONG TERM ISSUE Concentration Potential Concentration Targets ppmv ( ) Stabilization at: 1000 1000 800 650 600 2X Pre- Industrial 450 400 2000 2100 2200

  11. A LONG TERM ISSUE Concentration Potential Concentration Targets ppmv ( ) Stabilization at: 1000 1000 800 650 600 2X Pre- Industrial 450 400 2000 2100 2200 Related Emission Pathways Total Emissions ( CtC / yr ) “Business as usual” 20 15 10 Toward Total Stabilization current at: emissions 5 1000 650 450 0 2000 2100 2200

  12. A LONG TERM ISSUE Concentration Potential Concentration Targets ppmv ( ) Stabilization at: 1000 1000 800 650 600 2X Pre- Industrial 450 400 2000 2100 2200 Related Emission Pathways Total Emissions ( CtC / yr ) “Business as usual” 20 15 10 Toward Total Stabilization current at: emissions 5 1000 Developing 650 450 country 0 emissions 2000 2100 2200

  13. A LONG TERM ISSUE Concentration Potential Concentration Targets ppmv ( ) Stabilization at: 1000 Kyoto Protocol 1000 800 650 600 2X Pre- Industrial 450 400 2000 2100 2200 Related Emission Pathways Total Emissions ( CtC / yr ) “Business as usual” 20 15 10 Toward Total Stabilization current at: emissions 5 1000 Developing 650 450 country 0 emissions 2000 2100 2200

  14. The Longer-Term Challenge • Continued emissions in developed nations • Growing Population --> Growing Emissions • Long-term Need • Reduce global emissions, while strengthening global economy • Increasing pressure on emissions!!

  15. Longer-Term Solution • Technology evolution/revolution • Accelerate technological advancement • Encourage technological innovation • Mobilize globally • Global economic vitality --> diffusion of technology • Economic growth in more climate-friendly way • Key Notion: Cost-Effective Use of Capital

  16. Markets & Flexibility • Market-stimulated investment ---> Global emissions growth • Must have global system encouraging innovation and cost-effective climate action • Workable, integrated market mechanisms • Incentive for FDI as well as climate- specific investment • Must develop, identify and act on least-cost opportunities to minimize impact of that growth

  17. Marginal Cost of Greenhouse Gas Reduction Projects Greenhouse Gas Reduction Cost

  18. Marginal Cost of Greenhouse Gas Reduction Projects Greenhouse Gas Reduction + + + + + * * * Cost

  19. Marginal Cost of Greenhouse Gas Reduction Projects Greenhouse Gas Reduction + + + + + * * Priority For Investment * Cost

  20. The “80-20” Rule Environmental Benefit 100% 80% You accomplish 80% of the environmental benefit with the first 20% of costs. 60% 40% 20% 20% 40% 60% 80% 100% Cost

  21. The “80-20” Rule Environmental Benefit 100% 80% High Cost/Low Return 60% 40% 20% 20% 40% 60% 80% 100% Cost

  22. The “80-20” Rule Environmental Benefit 100% 80% High Cost/Low Return 60% 40% Low Cost/High Return 20% 20% 40% 60% 80% 100% Cost

  23. The “80-20” Rule Environmental Benefit 100% 80% 60% 40% 20% 20% 40% 60% 80% 100% Cost

  24. The “80-20” Rule Environmental Benefit 100% 80% 60% Trading is the key! 40% 20% 20% 40% 60% 80% 100% Cost

  25. Bye, Now...

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