220 likes | 353 Views
Derry City Council Going Green. Professor Neil J Hewitt Centre for Sustainable Technologies University of Ulster. What are we trying to achieve?. Develop environmental business ideas Identify potential funding sources Develop sustainable products, reduce waste and lower carbon emissions.
E N D
Derry City CouncilGoing Green Professor Neil J Hewitt Centre for Sustainable Technologies University of Ulster
What are we trying to achieve? • Develop environmental business ideas • Identify potential funding sources • Develop sustainable products, reduce waste and lower carbon emissions
Where might these areas be? Technologies Countries? BRIC’s Brazil Russia India China • Energy • Waste • Water • Transport • Buildings
What about Ireland? • Best wind resources in Europe. • Best wave and tidal resources. • Climate suitable for biomass. • Promising geo-thermal resources. • Adequate solar resources. • Small manageable communities.
What has Ireland achieved? Direct Jobs in 2009 Energy Efficiency 3,140 Renewable Energy 840 Support Programmes 395 Total 4,375
Green Financial Instruments • Essential to parallel existing system. • Green bonds. • A Green Bank – similar to US proposal. • And to ICC and ACC. • Income stream from sale of carbon allowances. • Securitisation of carbon savings. • A new philosophy.
And the UK? • UK Government is committed to unprecedented investment over the coming decades • Estimated investment of up to £200 billion in the energy system alone over the period to 2020 (Ofgem, 2009) • Further significant investment in other key green sectors such as transport, waste, water and flood defences
A Mechanism? • The Government announced the Green Investment Bank (GIB) in 2010 • Committed in the 2011 Budget to fund the GIB with £3 billion over the period to 2015. • Offshore wind has the largest expected investment (£50 to £130 billion nominal) between now and 2020 • Meet Government European renewable energy targets • Deeper water risks not understood • Scale-up not occurring
What else might it do? • Non domestic energy efficiency could be applied across many industrial and commercial businesses. • Total investment could amount to £16 billion by 2020. • Delivering non domestic energy efficiency is not only one of the solutions to reduce carbon emissions in the UK with the lowest costs, it would also help to improve energy security and long term competitiveness of UK industry.
And? • Non-Local Authority Commercial and industrial waste is a smaller sector in absolute terms, with investment most likely around £1 billion by 2020 • While there is no direct target for the commercial and industrial waste sector to meet, the sector can make an important contribution to the • A £1 billion waste market (a roughly 50-50 split between EFW and MRF in most scenarios) intervention might generate 0.4 TWh electricity per annum (from energy from waste plant) and reduce emissions by 2.6 mtCO2pa (mostly from materials recovery facilities).
Energy Efficiency– Scale? • UK Energy Act 2011 • Green deal, FIT, RHI • Private rented sector and EPC • Carbon Emissions • Improve energy efficiency and • energy security • Enable low-carbon technologies • NI Strategic Energy Framework 2010 • build competitive markets; • ensure security of supply; • enhance sustainability; and • develop energy infrastructure • Offshore wind & Biomass • ROCs and RHI • The New Green Deal
Energy Efficiency – Scale? • Non domestic energy efficiency can be applied across many industrial and commercial businesses. • Total UK investment could amount to £16 billion by 2020 • Areas of Interest: Building Insulation, Process and Space Heating, Cooling & Refrigeration, Lighting, Ventilation, Power
And UK Market for Renewables? • Biomass - £10Bn • Bio-fuels - £20Bn • Energy from Waste - £100Bn • Water & Environment - £2.5Bn • Low carbon buildings - £200Bn • Offshore Energy - £100Bn • Transport - £30bn
Transport • Bio-fuels • Electric Vehicles • Infrastructure • Smart grids • Public transport
Supporting Northern Ireland • Offshore Energy • Low Carbon Buildings • Bio-energy • Energy Storage