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Transcript of Building a Green Economy The Race for International Innovation and Competitiveness Christopher...
Building a Green Economy The Race for International Innovation
and Competitiveness
Christopher FlavinChristopher FlavinWorldwatch InstituteWorldwatch Institute
Seoul Forum 2010Seoul Forum 2010Seoul, KoreaSeoul, Korea
Today’s economy is profoundly out of balance with the world’s ecological resource base.
The economic model pioneered by today’s industrial countries is not viable for the world as a whole
The transition to a sustainable global economy is the great economic challenge of the coming decades.
It will shape the future of the next generation.
Solving environmental problems will entail substantial costs for some of today’s industries.
But it will also create thousands of new companies and millions of jobs, laying the foundation for a green economic transformation.
Successful green economies will require visionary systems thinking and smart, effective government regulations & economic incentives.
At stake are international economic competitiveness—and the healthof the planet on which the economy depends.
Energy & Resource Productivity
Key to a Sustainable Global Economy
Potential for Factor Five Increase by 2050—Will Become the New Benchmark for Global Economic Success
Investment in Renewable Investment in Renewable EnergyEnergy
2004-20082004-2008
Source: NEF 2009
Wind
Solar
Other
0
20
40
60
80
100
120
140
2004 2005 2006 2007 2008
Bil
lio
n D
oll
ars
($U
SD
)
Average Energy Growth Rates by Source: 2004-2009
Source: Worldwatch, BP.
55%
27%
23%
3.2% 2.9% 1.8% 0.4% -0.5%
-10%
0%
10%
20%
30%
40%
50%
60%
Solar Wind Biofuels Coal Hydro NaturalGas
Oil Nuclear
Gro
wth
Rat
e
Global Electricity from Renewables 2002-2008
Source: NEF 2009
Renewable power generation additions as share of global power generation additions
Renewable generation as % of global power generation
The Race for Green Jobs
Each $1 million invested in energy efficiency creates 21.5 new jobs versus 11.5 for gas power generation.
Renewable energy has already created 3 million new jobs—most of them in the past five years.
Solar electricity creates 7 -11 times more jobs per megawatt hour than coal or gas.
Retrofitting Europe's residential buildings to cut emissions 75% would create 2.6 million jobs by 2030.
Job Growth in Renewable Energy: Germany
13
Employment Estimates
All RecyclingChinaUnited StatesBrazil
10,000,000 1,100,000 500,000
Aluminum Can Collecting Brazil 170,000
Electronics Recycling China 700,000
Steel Scrap ProductionUnited StatesWorld
30,000 [225,000]
Aluminum Scrap ProductionJapanWestern EuropeUnited States
12,700 >10,000 6,100
Recycling / Scrap-based ProductionRecycling / Scrap-based Production
SOURCE: UNEP/ILO Green Jobs Report
Green Jobs in Renewable Energy, Present and Future
• 2.3 million people are currently employed in the renewable energy sector globally.• Projected investments of $630 billion by 2030 would translate into at least 20 million additional jobs.
GermanyWorld leader in installed renewable
capacity
Unilateral reductions of carbon emissions of 36% below 1990 levels by 2020
Highly effective feed-in tariff system has boosted renewable energy industry – earned over €16 billion in 2005
Renewable Electricity in Germany1990 - 2007
Source: BMU 2008
SpainCurrently generates one-quarter of
electricity from renewable sources
Goal to generate 40% of electricity from carbon-free sources by 2020
Feed-in tariffs and low-interest loans have boosted renewable energy industry
CaliforniaGoal to reduce GHG emissions to
1990 levels by 2020
$75 million green jobs training program to train over 20,000 skilled clear energy workers
California Green Corps – place at risk young adults in green jobs
Electricity Use Per Capita 1960-2007
Green Provisions of ObamaStimulus in United States
The $787 billion American Recovery & Reinvestment Act of 2009 includes more than $71 billion for clean energy—more than tripling spending :
$4.5 billion for upgrading energy efficiency in government buildings
$500 million for job training in energy efficiency and renewables
$2.5 billion for research on energy efficiency and renewable energy
$9.3 billion for investments in rail transportation $5 billion for home weatherization for low income
families
The stimulus also includes $20 billion in clean energy tax incentives.
China$35 billion in clean energy investment in 2009
Goal to reduce carbon intensity of the economy by 40-45% by 2050
World’s largest producer of wind turbines and solar panels
8% electricity from wind, solar, biomass by 2020
Solar PV Production by Country/Region2000-2008
Source: Maycock, Prometheus Institute, CREIA, Bradford.
Korea is a late comer to the green economy
Its economic miracle has relied heavily on energy and resource-intensive manufacturing
But Korea’s 97% dependence on imported energy suggest that a new model is needed.
The Low-Carbon, Green-Growth Strategy launched by President Lee Myung-Bak could make Korea a global leader.
Korea Green Growth Strategy
$59 billion “Green New Deal Package” 78% of stimulus spending—highest in world
Renewable Electricity Standard and Feed-In Tarrif are being introduced
Tough new energy efficiency standards for industry, transportation, and buildings
Pledge to cut GHG emissions 30% below BAU by 2020
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