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    Global Roundtable On Climate Change: Steve Fludder February 27, 2009

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    Alan Ang
    The document summarizes a global roundtable on climate change hosted by Steve Fludder of General Electric (GE) on February 27, 2009. The roundtable discussed (1) the challenge of reducing global carbon emissions 80% by 2050 to combat climate change, (2) GE's business strategy of investing $1.5 billion in research and development to develop profitable environmental solutions, and (3) innovative technologies currently being developed and implemented by GE such as carbon capture and storage, wind and solar energy, and energy efficiency products.

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    Global Roundtable On Climate Change: Steve Fludder February 27, 2009

    Uploaded by

    Alan Ang
    60 views17 pages
    The document summarizes a global roundtable on climate change hosted by Steve Fludder of General Electric (GE) on February 27, 2009. The roundtable discussed (1) the challenge of reducing global carbon emissions 80% by 2050 to combat climate change, (2) GE's business strategy of investing $1.5 billion in research and development to develop profitable environmental solutions, and (3) innovative technologies currently being developed and implemented by GE such as carbon capture and storage, wind and solar energy, and energy efficiency products.

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    The document summarizes a global roundtable on climate change hosted by Steve Fludder of General Electric (GE) on February 27, 2009. The roundtable discussed (1) the challenge of reducing global carbon emissions 80% by 2050 to combat climate change, (2) GE's business strategy of investing $1.5 billion in research and development to develop profitable environmental solutions, and (3) innovative technologies currently being developed and implemented by GE such as carbon capture and storage, wind and solar energy, and energy efficiency products.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    60 views17 pages

    Global Roundtable On Climate Change: Steve Fludder February 27, 2009

    Uploaded by

    Alan Ang
    The document summarizes a global roundtable on climate change hosted by Steve Fludder of General Electric (GE) on February 27, 2009. The roundtable discussed (1) the challenge of reducing global carbon emissions 80% by 2050 to combat climate change, (2) GE's business strategy of investing $1.5 billion in research and development to develop profitable environmental solutions, and (3) innovative technologies currently being developed and implemented by GE such as carbon capture and storage, wind and solar energy, and energy efficiency products.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 17

    Global Roundtable On Climate Change

    Steve Fludder
    February 27, 2009
    The Challenge
    Global Energy Related Our Generation’s Moonshot
    60 Emissions (Gt CO2/ yr)

    50
    CO2 emissions  80%
    40

    30
    2005 Decoupling needed
    20

    10
    Technology is key

    0
    1990 2000 2010 2020 2030 2040 2050
    IEA Reference Scenario
    80% reduction path 2 / / February 2009
    Business Strategy

    Driving Innovation and Growth of

    Profitable Environmental Solutions

    3 / / February 2009
    1. Grow revenues to $25B
    by 2010
    2. Double R&D to $1.5B

    3. Reduce GHG 1% absolute


    by 2012
    4. Reduce water 20% absolute

    5. Inform & Engage public…


    Transparency
    ongoing

    4 / / February 2009
    A sustainable business strategy

    INVEST Profit GROW


    $1.5B in R&D Technology Revenue to $25B

    GEnx jet PV solar Use 20% more fuel Iberinco –


    engine panels efficient 10MW carbon-
    free electricity
    Caceres, Spain
    Save REDUCE
    GHG/H2O Impact

    lower emissions solar at GE HQ


    from jet test rig

    5 / / February 2009
    Reducing our own footprint
    '04 GHG Emissions (MM MT / yr)
    '07
    • > $100 MM savings
    • 5,000+ projects
    6.5 6.75 7 7.25 7.5 7.75

    '04 GHG Intensity (MT / $MM Rev)


    '07
    Lighting @ 46 plants
    20 30 40 50 60 70

    '04 Energy Intensity (MM Btu / $MM Rev)


    '07

    250 300 350 400 450 500 550

    '06 Fresh Water Use (Billion Gallons)  $6.5MM, 59k tons CO2
    '07

    7.5 8 8.5 9 9.5 10


    ’12 Commitment
    6 / / February 2009
    Innovative technologies…now
    Revenues ($B) 25 Carbon

    20% CAGR
    17
    14
    12
    10
    Energy Efficiency

    …
    '05 '06 '07 '08 ’10
    goal

    ·80 certified products


    Water
    ·company-wide
    solutions

    7 / / February 2009
    Innovative technologies…tomorrow

    Wind $1.5B by 2010 Hybrid evo


    doubling our
    2005 investment
    Solar OLEDs
    Advanced
    Desalination

    Carbon Capture GEnx


    Zero Liquid
    Discharge
    Energy Storage Turbine Efficiency

    8 / / February 2009
    Carbon Mitigation
    60 Global Emissions Carbon Capture
    (Gt CO2/ yr) 14% & Sequestration1
    50 12% Nuclear1

    Renewables
    40 27% & Biofuels1
    today d

    30
    Energy
    47% Efficiency1
    20

    10 IEA Reference Scenario


    80% reduction path
    0
    1990 2000 2010 2020 2030 2040 2050

    1. Source: International Energy Agency – World Energy Outlook 2008 9 / / February 2009
    Carbon Mitigation at GE
    CCS-New Gen IGCC & Precombustion Capture

    CCS-Retrofit Silicone Based Solvents

    Nuclear ABWR / ESBWR

    Wind 1.5 & 2.5 MW

    Solar PV / Thin Film

    Biofuels Co-fired Gasification

    10 / / February 2009
    Energy Efficiency Entitlement
    Sector Global Efficiency Opportunity (-Q BTU / yr, 2020)*

    Industrial -53.0

    Residential -34.5

    Commercial -13.8
    Total Entitlement:
    ~130% of US Energy Use**
    Transport -13.0

    Supply: Power -21.0

    *At >10% IRR, McKinsey


    ** ’06 Usage: 10011Q/ / BTU,
    February 2009
    EIA
    Energy Efficiency at GE
    Sector Products* Growth with early-stage companies

    Industrial 8 Advanced Processes

    Residential 6 Smart Homes

    Commercial 8 Lighting Systems

    Transport 16 Energy Storage

    Supply: Power 10 Smart Grid

    Supply: Fuels 3 Advanced Coatings

    12 / / February 2009
    *Certified Ecomagination solutions as of 12/08
    GE Energy Financial Services – VC / Growth Portfolio*
    Energy Efficiency
    & Smart Grid

    Renewables

    Energy Storage

    Oil & Gas

    Transportation

    *Excludes 1 undisclosed Proof of Pilot Early Growth


    investment Concept Stage Sales Stage

    Development Stage
    13 / / February 2009
    Engaging with Stakeholders
    Academi
    Policy a Governmen
    t

    Technolog NGOs
    y

    Financ Public
    e Opinion
    Employee
    s
    14 / / February 2009
    ecomagination summary

     Solving our Generation’s Toughest Challenge


     Driving Innovation and

    Customer and Shareholder Value


     Challenge calls for Multiple Technologies
     Organic and Inorganic Innovation
     Engaging Broad Constituencies

    15 / / February 2009
    Carbon Offsets by…
    Greenhouse Gas Services, LLC, a GE AES venture
    General Electric • GHGS invests in and develops projects that
    GE Energy Financial Services: Over $20 reduce greenhouse gas emissions and supplies
    clients real, independently verified credits to
    billion in energy investments and renewable
    offset emissions
    energy projects

    GE ecomagination: GE's commitment to


    provide products and services that generate
    significant environmental and economic
    performance advantages to GE’s customers

    AES Corporation • Offers unrivalled credibility, quality, and scale


    20% of global portfolio in renewables • Leverages leading carbon market expertise
    • Represents highest standard of scientific and
    AES Climate Solutions: 300 people in 26 environmental integrity
    countries and 700 offset projects • Provides diversified top-quality portfolio
    • Covers full spectrum of project development and
    First carbon sequestration project in the late
    carbon asset management services
    1980s

    16 / / February 2009
    17 / / February 2009

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