Gas and Power in a low carbon Economy (ppt, 4928KB)
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Transcript of Gas and Power in a low carbon Economy (ppt, 4928KB)
‘Gas & Power in a Low Carbon Economy’ 17th Autumn Gas Conference, Florence
November 2002
John MogfordBP Group Vice President
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A Low Carbon Economy
What is it ?
What will shape it ?
How are we positioning for it ?
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Beyond Petroleum ?
… the view of the WorldWatch Institute
1850 1900 1950 2000 2050 21502100
100
40
80
20
60
0
Solids
Gases
Liquids
Methane
Methane
Hydrogen
Oil and hydro
Wood and hay
Coal and nuclear
“city gas” hydrogen
Whale oil
Oil and natural gas liquids
Percentage of total market
Source : WorldWatch Institute
1. Energy & Emission Efficiency
Past Present Future
2. Decarbonisation of Fuels
3. RenewablesFuel Cells
Gas replacingCoal
Hydrogen Economy
Novel Low Energy Processes
CO2 Capture
pv Solar
Energy Efficiency
DGI & Hybrids
Wind
Reduce Flaring& Venting
Today’s Journey to a Low Carbon Economy
Gas for Transport
WaveHydro
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Gas Is Key to the Low Carbon Economy…
Source: IEA World Energy Outlook 2002
0
1000
2000
3000
4000
5000
1971 2000 2010 2020 2030
Power Other
bcm
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…But Low Carbon Policies Could Reduce Projected Gas Growth
-350
-300
-250
-200
-150
-100
-50
0
MTO
E
2010 2020 2030
Energy Savings - Alternative Scenario
Coal
Oil
Gas
Fossil Fuel Savings in OECD under IEA Alternative Policies Model
Source : IEA
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Policy-setting and the Growth of the Low Carbon Economy
Developmental
Innovative Mature
Stimulating competition
Creating levelplaying fields
Incentivising
Infrastructure
Establishing Green“Market-
Mechanisms”
Stimulating ‘non specific’
technology
Speculative Investment
Removing Barriers
Hydrogen
Oil
Coal
PhotovoltaicsGas
Regulating Open Access
Promoting Market Take-Up
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How Are We Positioning for It ?
Becoming more efficient in terms of carbon
Decarbonising our portfolio faster than society
Alignment with customer needs
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Beyond Petroleum - Tres Cantos, Madrid