Investing in renewables, storage, energy efficiency and CCS...Technology solutions for a 2°C world:...

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Technology solutions for a 2°C world: Investing in renewables, storage, energy efficiency and CCS COP21 Official side-event - 10 December 2015 #climatetech #cop21 #climatetech | @Grantham_IC | @IngeniorIDA | @FutureClimateES | @thecarbontrust | @GlobalCCS | @EnergyIChemE

Transcript of Investing in renewables, storage, energy efficiency and CCS...Technology solutions for a 2°C world:...

Page 1: Investing in renewables, storage, energy efficiency and CCS...Technology solutions for a 2°C world: Investing in renewables, storage, energy efficiency and CCS COP21 Official side-event

Technology solutions for a 2°C world:

Investing in renewables, storage, energy efficiency and CCS

COP21 Official side-event - 10 December 2015

#climatetech #cop21

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Page 2: Investing in renewables, storage, energy efficiency and CCS...Technology solutions for a 2°C world: Investing in renewables, storage, energy efficiency and CCS COP21 Official side-event

Technology solutions for a 2°C world

John Scowcroft Global CCS Institute

Prof Brian Vad Mathiesen IDA, Danish Society of Engineers

Beatriz Fernández Hernández Future Climate Engineering Solutions

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Keynote:

Philipe Benoit International Energy Agency

Chair:

Prof Martin Siegert Grantham Institute

Imperial College London

Tom Jennings The Carbon Trust

Prof Stefaan Simons IChemE

Ajay Gambhir Grantham Institute

Imperial College London

Panel discussion:

Page 3: Investing in renewables, storage, energy efficiency and CCS...Technology solutions for a 2°C world: Investing in renewables, storage, energy efficiency and CCS COP21 Official side-event

Audience poll! Do the solutions exist, or should we hold on for new breakthrough

technologies?

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Page 4: Investing in renewables, storage, energy efficiency and CCS...Technology solutions for a 2°C world: Investing in renewables, storage, energy efficiency and CCS COP21 Official side-event

Phillipe Benoit International Energy Agency

COP21 Official side-event - 10 December 2015

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Page 5: Investing in renewables, storage, energy efficiency and CCS...Technology solutions for a 2°C world: Investing in renewables, storage, energy efficiency and CCS COP21 Official side-event

Ajay Gambhir Grantham Institute,

Imperial College London COP21 Official side-event - 10 December 2015

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Page 6: Investing in renewables, storage, energy efficiency and CCS...Technology solutions for a 2°C world: Investing in renewables, storage, energy efficiency and CCS COP21 Official side-event

Rapid decarbonisation = Rapid technology deployment

Action from 2020

Action from 2030

www.avoid.uk.net

Page 7: Investing in renewables, storage, energy efficiency and CCS...Technology solutions for a 2°C world: Investing in renewables, storage, energy efficiency and CCS COP21 Official side-event

Solar + storage costs are falling fast

http://www.frontier-economics.com/documents/2015/12/apollo-programme.pdf

Page 8: Investing in renewables, storage, energy efficiency and CCS...Technology solutions for a 2°C world: Investing in renewables, storage, energy efficiency and CCS COP21 Official side-event

Beatriz Fernández Hernández Future Climate Engineering Solutions

COP21 Official side-event - 10 December 2015

#climatetech #cop21

#climatetech | @Grantham_IC | @IngeniorIDA | @FutureClimateES | @thecarbontrust | @GlobalCCS | @EnergyIChemE

Page 9: Investing in renewables, storage, energy efficiency and CCS...Technology solutions for a 2°C world: Investing in renewables, storage, energy efficiency and CCS COP21 Official side-event

FC-ES is a global network of professional engineering associations involved in the climate change agenda

Core aim is to develop national energy and climate plans aligned with the IPCC’s scenario to keep the global average temperature increase below 2°C Energy infrastructure, energy efficiency

Collaboration between engineering associations, government and industry stakeholders to implement national plans

FC-ES is comprised of 23 countries worldwide

Page 10: Investing in renewables, storage, energy efficiency and CCS...Technology solutions for a 2°C world: Investing in renewables, storage, energy efficiency and CCS COP21 Official side-event

2015 United Nations Climate Change

Conference, COP21

Intended Nationally Determined Contributions (INDCs)

Future Climate – Engineering Solutions

• Engineering community involved in how to address climate change

• Science-based plans to influence policy-making

• National plans are strategies to define “HOW” to accomplish

the INDCs

• INDCs reflect the countries’ ambitions post-2020 for addressing climate change

• 152 INDCs submitted, reflecting 179 countries, covering 94% of greenhouse gas emissions in 2010 (Climate Action Tracker, November 2015)

Page 11: Investing in renewables, storage, energy efficiency and CCS...Technology solutions for a 2°C world: Investing in renewables, storage, energy efficiency and CCS COP21 Official side-event

Prof Stefaan Simons IChemE Energy Centre

Solutions for climate change

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Page 12: Investing in renewables, storage, energy efficiency and CCS...Technology solutions for a 2°C world: Investing in renewables, storage, energy efficiency and CCS COP21 Official side-event

Slide 12

Using current technologies

IEA Energy Technology Perspectives 2015

www.icheme.org/energycentre

Page 13: Investing in renewables, storage, energy efficiency and CCS...Technology solutions for a 2°C world: Investing in renewables, storage, energy efficiency and CCS COP21 Official side-event

Slide 13

The IChemE Energy Centre

energy efficiency

energy storage and grid

management

carbon capture, storage and

utilisation

nuclear

sustainable bioenergy

Climate Communiqué Priority topics

www.icheme.org/energycentre

Page 14: Investing in renewables, storage, energy efficiency and CCS...Technology solutions for a 2°C world: Investing in renewables, storage, energy efficiency and CCS COP21 Official side-event

John Scowcroft Global CCS Institute Hitting 2C means: investing in renewables,

a storage revolution, energy efficiency and ccs

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Page 15: Investing in renewables, storage, energy efficiency and CCS...Technology solutions for a 2°C world: Investing in renewables, storage, energy efficiency and CCS COP21 Official side-event

CCS – a guide to future action

CCS is indispensable in a least-cost approach to global decarbonisation

Opportunities for cost reductions are being identified

The task is enormous – the urgency of CCS deployment is only

increasing

Deployment is not a technology challenge

CCS deployment is policy driven – policies that spur investment are the

missing pieces in the jigsaw

Supporting CCS in industrial applications and non-OECD countries is

very important

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A plan of action for CCS – completing the jigsaw

Policy parity must be provided

This includes:

― Providing predictable and enduring policy arrangements

― Implementing effective and cost-efficient CCS law and

regulation

― Incentivising early storage site identification and

characterisation

― Re-doubling R&D efforts to reduce costs and increase efficiency

― Encourage efficient development of hub and cluster

arrangements

Page 17: Investing in renewables, storage, energy efficiency and CCS...Technology solutions for a 2°C world: Investing in renewables, storage, energy efficiency and CCS COP21 Official side-event

Prof Brian Vad Mathiesen IDA, Danish Society of Engineers

COP21 Official side-event - 10 December 2015

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Page 18: Investing in renewables, storage, energy efficiency and CCS...Technology solutions for a 2°C world: Investing in renewables, storage, energy efficiency and CCS COP21 Official side-event

RENEWABLE ENERGY STRATEGIES

FOR SUSTAINABLE DEVELOPMENT

• The single most important changes related to technology needed to deliver a low-carbon future:

“To understand that 100% Renewable Energy is possible globally”.

Savings in Energy

Denmand

Efficiency in energy

conversion

Renewable energy sources

(RES)

F L E X I B L E

T E C H N O L O G I E S

I N T E G R A T E D

E N E R G Y

S Y S T E M S

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• Conversion to 100% renewable energy is a technical option within economic reach

• An integrated Smart Energy System design

can create a more robust and resilient system

• There is a potential for creating more jobs

than in a fossil fuel based energy system. • Much lower health related costs from

emissions can be achived.

Flexible consumption

Electricity storage

CAES systems

Regulation of CHP plants

Electric heating

Heat pumps

Electric cars

Stopping of wind turbines

Production of hydrogen

Transmission abroad

V2G

SMART ENERGY SYSTEMS

- ARE CRUCIAL IN COST-EFFECTIVE 100%

RENEWABLE ENERGY SYSTEMS

W W W . S M A R T E N E R G Y S Y S T E M S . E U

B R I A N V A D M A T H I E S E N | 1 0 . 1 2 . 2 0 1 5

Page 20: Investing in renewables, storage, energy efficiency and CCS...Technology solutions for a 2°C world: Investing in renewables, storage, energy efficiency and CCS COP21 Official side-event

Tom Jennings The Carbon Trust

United Innovations: Cost-competitive clean energy through global collaboration

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Page 21: Investing in renewables, storage, energy efficiency and CCS...Technology solutions for a 2°C world: Investing in renewables, storage, energy efficiency and CCS COP21 Official side-event

United Innovations: Cost-competitive clean energy through global collaboration

› What is international collaboration?

› Why collaborate?

› What is already happening and why is more needed?

Working with:

Publication: www.carbontrust.com/unitedinnovations

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Commitment & Accountability

E.g. “Make clean energy cheaper than dirty”

Direction Prioritisation, clear challenges and action plans

Governments

Governments

Enabling bodies

Coordination

Enabling action e.g. policy alignment

Programme Design

Transparency & Collaboration

Implementation

Monitoring

Basic Research

R&D Demon-strate

Deploy Commercial

-ise

Enabling bodies

Technology users

Technology developers

Governments

Technology users

Technology developers

External funders

Enabling bodies Impact & results

PLAN ACTIONS ACTORS

Cooperation & joint research

funding

Pilots, local demonstrations & test programmes

Policy & regulatory alignment

Incubation & early-stage investment

Page 23: Investing in renewables, storage, energy efficiency and CCS...Technology solutions for a 2°C world: Investing in renewables, storage, energy efficiency and CCS COP21 Official side-event

Discussion COP21 Official side-event - 10 December 2015

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Page 24: Investing in renewables, storage, energy efficiency and CCS...Technology solutions for a 2°C world: Investing in renewables, storage, energy efficiency and CCS COP21 Official side-event

Networking COP21 Official side-event - 10 December 2015

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