This page contains a Flash digital edition of a book.
CleanEnergy
Figure 2: Total Renewable Energy Capacity (GW)
& Renewable Electricity Share (%) in Base Scenario
and industry towards natural gas. In the Base
Scenario, this accounts for 2.5 Gtonnes of
emissions by 2030, rising to 4.8 Gtonnes in the
2020Peak scenario.

Carbon Capture & Storage: Inthe2020 Peak
Scenario,thereisnotmuchdifferencebefore2020,
as the technology goes through its pilot phase.
However,intheperiodto2030,investmentinCCS
reachesUS$23.3bn,andasmuchas0.78Gtonnes
ofcarbonarecapturedandstoredannually.
Source: NewEnergyFinance,IEA
GlobalFutures2009alsolookedattheimpact
According to the International Panel on Climate Change’s on emissions of the following sectors: Nuclear power,
fourth Assessment Report in 2007, limiting likely average geothermal, biomass and biofuels, marine power (wave and
globaltemperatureto2.0to2.4°C–thoughttobethehighest tide) and hydro. Analysis of the impact of each in the Base
‘safe’level–meansstabilisingCO
2
equivalentconcentrations ScenarioandPeak Scenarioiscontainedinthefullreport.
at445to490partspermillion,whichinturnrequiresreaching Reflectingontheinsights,MichaelLiebreich,Chairmanand
peak CO
2
emissions by 2015. Reaching peak CO
2
by 2020, CEOofNEF,said:“Thisshouldbearealwake-upcall.NEFis
followed by a cut in emissions of 50% by 2050, should limit generally on the optimistic side of the debate: even with the
globalaveragetemperatureincreaseto2.4to2.8°C.In2007at current recession we are more bullish on the shift to clean
itsHeiligendammSummit,theG8acknowledgedtheneedfor energy than most mainstream analysts. However, it is no
CO
2
emissions“topeakwithin10to15years.” longerpossibletosayweareontracktoachievepeakby2020.
Somethinghastohappen,eitherintermsofrestoringcreditto
How to Reach Peak CO
2
by 2020 – Key Elements cleanenergyprojects,orintermsofasurprisinglysubstantial
In January, NEF published a major report with the World outcomeinCopenhagen.”
EconomicForumentitledGreen Investing: Towards a Low-Carbon GuyTurner,DirectorofNEF’sNewCarbonFinanceDivision
Energy Infrastructure. The analysts outlined the emerging says:“OurworkatNewCarbonFinanceindicatesthatclimate
elementsofalowcarbonenergysystem,whichwillincludea changepoliciesandspecificallycarboncap-and-tradesystems
significantproportionofrenewableenergy,supportedbyfour aremakingamaterialdifferencetoshiftingfromhighcarbon
enablers: energy efficiency, carbon capture and storage, a tolowcarbonenergy.However,theGlobal Futures 2009workis
smart grid and power storage. Global Futures 2009 builds on sobering:itshowsthatitjustisnothappeningfastenough.”
thatworktolookatcontributionstoemissionsreductionsfrom NEFestimatestheinvestmentneededtohalttheriseinCO
2
eachformofenergy,andtherelatedcosts. emissionsby2020isroughly0.44%ofglobalGDP.Failureto
The key drivers of changes to emissions from the energy addressclimatechange,ontheotherhand,isestimatedinthe
infrastructures modelled in Global Futures 2009 include the Stern Review and elsewhere to cost the world at least 5% of
following: globalGDP.


Energy Efficiency:InordertoreachtheCO
2
peakby2020,
additionalannualinvestmentsinenergyefficiencybeyond
Guy Isherwood isPublisherandEditorofWorldPower.
the Base Scenario are needed of US$22 bn in 2020 and
www.commodities-now.com
US$68bnby2030.
Global Futures 2009,developedbyNewEnergyFinance,isan

Wind Power: To achieve peak CO
integratedmodeloftheworld’senergysupply,usingsystems
2
by 2020, wind
investment needs to increase to US$110 bn by 2020 and
dynamicstechniquestoshowhowdifferentelementsinteract.It
US$121bnby2030.
isdistinctiveinbuildingonthecompany’scoreareasof
research,includingcleanenergyinvestmentactivityand

Solar Photovoltaics: In the 2020 Peak Scenario, annual
economics,technologytrendsandpotential,andcarbonprice
investmentinsolargrowstoUS$228bnby2020,stabilising
modelling.Itallowsscenariosforinvestment,capacityand
atUS$200bnby2030.
emissionstobeexploredrapidlyfordifferentlevelsofgrowth,

Coal to Gas Switching: As a result, there will be an
energyintensity,technologyprogressionandpolicymeasures.
ongoing switch from the use of coal in power generation
www.newenergyfinance.com
worldPower2009 121
Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116  |  Page 117  |  Page 118  |  Page 119  |  Page 120  |  Page 121  |  Page 122  |  Page 123  |  Page 124  |  Page 125  |  Page 126  |  Page 127  |  Page 128  |  Page 129  |  Page 130  |  Page 131  |  Page 132  |  Page 133  |  Page 134  |  Page 135  |  Page 136  |  Page 137  |  Page 138  |  Page 139  |  Page 140  |  Page 141  |  Page 142  |  Page 143  |  Page 144  |  Page 145  |  Page 146  |  Page 147  |  Page 148  |  Page 149  |  Page 150  |  Page 151  |  Page 152  |  Page 153  |  Page 154  |  Page 155  |  Page 156  |  Page 157  |  Page 158  |  Page 159  |  Page 160  |  Page 161  |  Page 162  |  Page 163  |  Page 164
Produced with Yudu - www.yudu.com