Transcript Slide 1
Building a Green Economy The Race for International Innovation and Competitiveness Christopher Flavin Worldwatch Institute Seoul Forum 2010 Seoul, 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 health of 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 Energy 2004-2008 Billion Dollars ($USD) 140 120 100 80 60 Other 40 Solar 20 Wind 0 2004 Source: NEF 2009 2005 2006 2007 2008 Average Energy Growth Rates by Source: 2004-2009 60% 55% 50% Growth Rate 40% 30% 27% 23% 20% 10% 3.2% 2.9% 1.8% 0.4% -0.5% Oil Nuclear 0% -10% Solar Source: Worldwatch, BP. Wind Biofuels Coal Hydro Natural Gas Global Electricity from Renewables 2002-2008 Renewable power generation additions as share of global power generation additions Renewable generation as % of global power generation Source: NEF 2009 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 Recycling / Scrap-based Production Employment Estimates All Recycling China United States Brazil Aluminum Can Collecting Brazil 170,000 Electronics Recycling China 700,000 Steel Scrap Production United States World 30,000 [225,000] Japan Western Europe United States 12,700 >10,000 6,100 Aluminum Scrap Production 10,000,000 1,100,000 500,000 13 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. SOURCE: UNEP/ILO Green Jobs Report Germany World 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 Germany 1990 - 2007 Source: BMU 2008 Spain Currently 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 California Goal 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 Obama Stimulus 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/Region 2000-2008 Source: Maycock, Prometheus Institute, CREIA, Bradford. Korea is a late comer to the green economy Its economic miracle has relied heavily on energy and resourceintensive 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 1776 Massachusetts Ave. NW Washington, DC 20036 USA www.worldwatch.org