Energy Security and Climate Change Linkages The U S

Energy Security and Climate Change Linkages: The U.S. Bubble Chart Jeffrey Logan and John Venezia World Resources Institute Beijing 20-21 October 2007 Today’s Talk The challenge of energy security and climate change What’s changed and what’s at stake? The Bubble Chart Assumptions Findings Energy Security and Climate Change Greatest global challenges of the 21st Century No country will escape the impacts of a failed effort; but will they cooperate? U.S. consumes one-quarter of global oil supply and leads in cumulative emissions – must take the lead Chinese CO2 Emissions Will Soon Surpass Those of the U.S. 10 Billions of Tons Carbon Dioxide China - IEA (2006) 8 6 U.S. - EIA (2006) 4 2 China - EIA (2006) 0 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 2020 But cumulative emissions from 1920-2020 will be only half as large Why have we become energy insecure? Resource nationalism/concentrated statecontrol of resources “Terror” and geopolitics Environmental awareness/NIMBY Peak oil concerns Speculation US$ devaluation Demand surge Climate change Result: Price rise; Is it permanent? No Time to Lose If we don’t ask the right questions today… …the next generation will be asking even harder questions 2007 Sustainable Development Comprehensive Energy Policy Environmental Balance New Energy Technology Equitable Resource Allocation Globalization Population Growth Climate Change Source: JAStanislaw Group, LLC. 2035 Economic Collapse Energy Chaos Loss of Human Habitat Oil Wars Resource Depletion Irreversible Damage Fragmentation Famine Energy Security and Climate Solutions are Linked Cannot solve one without considering the other Energy security Coal-to-liquids: carbon dioxide/water Ethanol: food security/environment Heavy oil: resources Climate Natural gas: security/stability Nuclear: Proliferation, NIMBY Lifecycle Carbon Emissions for Oil Substitutes grams CO2-equivalent per mile 1500 1000 500 0 Arab light Coal-to-liquid Gas-to-liquid Heavy Oil Net (104g) -500 -1000 -1500 Conversion/Refining Transport End Use Plantation Biomass Extraction/Production Some oil options carry a carbon penalty A Snapshot of Selected U.S. Energy Options Today: Climate and Energy Security Impacts and Tradeoffs in 2025 Positive Climate Characteristics II I Reduce Energy Security Business As Usual In 2025 Increase Energy Security III IV Negative Climate Characteristics U.S. Energy Options Considered Electric Power Nuclear Wind Ultra-supercritical IGCC w/ CCS Solar/PV Building efficiency Expanded LNG imports Oil/Gas Expanded production Expanded imports Enhanced oil recovery Vehicle efficiency Corn ethanol Cellulosic ethanol Plug-in electric hybrids Coal- and gas-to-liquids A Snapshot of Selected U.S. Energy Options Today: Climate and Energy Security Impacts and Tradeoffs in 2025 This chart compares the energy security and climate characteristics of different energy options. Bubble size corresponds to incremental energy provided or avoided in 2025. The reference point is the “business as usual” mix in 2025. The horizontal axis includes sustainability as well as traditional aspects of sufficiency, reliability, and affordability. The vertical axis illustrates lifecycle greenhouse gas intensity. Bubble placements are based on quantitative analysis and WRI expert judgment. Positive Climate Characteristics Raise CAFE Building Efficiency [yielding 30 MPG for all LDVs] Nuclear Solar PV Wind Clean Coal (IGCC) with CO2 Capture Power Sector (this size corresponds to 20 billion kWh) Transport Sector (this size corresponds to 100 thousand barrels of oil per day) Liquefied Natural Gas (LNG) Imports CO2 -Enhanced Oil Recovery Cellulosic Ethanol Plug-In Hybrids Corn Ethanol Reduce Energy Security Expanded Oil Imports Business As Usual In 2025 Expanded Domestic Oil Production Gas-to-Liquids Increase Energy Security For specific details on the assumptions underlying the options on this chart, go to www.wri.org/usenergyoptions Coal-to-Liquids (with carbon capture) Heavy Oil Imports Ultra Supercritical Coal Revised 6/14/2007 Frozen MPG for Vehicle Fleet (at 2005) Coal-to-Liquids (no carbon capture) Negative Climate Characteristics Assumptions Bubble size represents modest policy driver beyond BAU in 2025 Bubbles comparable in size: measured as primary energy Not a forecast, no feedback effects; discussion platform Expanded definition of energy security (horizontal placements are subjective) Energy (EJ) EIA BAU forecast Supply Addition Demand Reduction 2005 Year 2025 Examples Option Energy CO2 Delivered/Offset (MMT) (EJ) 1.3 1.1 -6.3 1.5 0.7 1.0 -1.8 -80 -40 -410 +85 -10 -25 -110 Assumptions Nuclear IGCC w/CCS Raise CAFE CTL Corn Ethanol EOR w/ CCS Building Efficiency Extra 20 GW Extra 15 GW of plants Fleet 30 MPG Extra 0.75 mb/d (11 bgal) Extra 0.5 mb/d (8 bgal) Extra 0.5 mb/d Extra savings of 5% A Snapshot of Selected U.S. Energy Options Today: Climate and Energy Security Impacts and Tradeoffs in 2025 This chart compares the energy security and climate characteristics of different energy options. Bubble size corresponds to incremental energy provided or avoided in 2025. The reference point is the “business as usual” mix in 2025. The horizontal axis includes sustainability as well as traditional aspects of sufficiency, reliability, and affordability. The vertical axis illustrates lifecycle greenhouse gas intensity. Bubble placements are based on quantitative analysis and WRI expert judgment. Positive Climate Characteristics Raise CAFE Building Efficiency [yielding 30 MPG for all LDVs] Nuclear Solar PV Wind Clean Coal (IGCC) with CO2 Capture Power Sector (this size corresponds to 20 billion kWh) Transport Sector (this size corresponds to 100 thousand barrels of oil per day) Liquefied Natural Gas (LNG) Imports CO2 -Enhanced Oil Recovery Cellulosic Ethanol Plug-In Hybrids Corn Ethanol Reduce Energy Security Expanded Oil Imports Business As Usual In 2025 Expanded Domestic Oil Production Gas-to-Liquids Increase Energy Security For specific details on the assumptions underlying the options on this chart, go to www.wri.org/usenergyoptions Coal-to-Liquids (with carbon capture) Heavy Oil Imports Ultra Supercritical Coal Revised 6/14/2007 Frozen MPG for Vehicle Fleet (at 2005) Coal-to-Liquids (no carbon capture) Negative Climate Characteristics Findings for the U.S. Vehicle efficiency is most powerful option CTL, even with CCS, is less than ideal Corn ethanol has marginal climate benefits and increasing number of food and environmental distortions Fundamental change needed quickly For more information http://www.wri.org/usenergyoptions Interactive description of options Expanded assumptions

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