Still time for the energy revolution

The International Energy Agency (IEA) continues to plug the energy transformation necessary if we are to have any hope of staying within a 2oC rise in global temperature.  This month has seen the publication of Energy Technology Perspectives 2012 (ETP 2012) in which they explain the technologies and behaviours that according to the press release “will revolutionise the entire energy system and unlock tremendous economic benefits between now and 2050”.  My references to the book’s content in what follows are derived from the executive summary. (The book is priced.)

ETP 2012 argues that the technologies we already possess are adequate to the task of cutting emissions drastically if used in an integrated way. The resultant overhaul of the world’s energy system by 2050 will not come cheap. Considerable extra investment money will be needed, $36 trillion by their calculation. But that is genuine investment, not cost, and moreover investment with an excellent return of $100 trillion in savings through the reduced use of fossil fuel. Investing in clean energy makes excellent economic sense at the same time as assisting in the mitigation of climate change.

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Business NZ: hands off our ETS handouts

Why is Business NZ putting its proverbial head above the parapet and expressing a view on the New Zealand Emissions Trading Scheme (the NZETS)? In this post, Simon Johnson argues that the ETS gives us the “Eyes Glaze Over” syndrome as it is a dead horse being flogged by the usual suspects. The NZETS is toothless by design. In both respects, Business NZ has got the Emissions Trading Scheme exactly how they want it.

Phil O’Reilly, the CEO of business lobby group Business NZ, has just written an opinion piece in the Herald on the New Zealand Emissions Trading Scheme (the NZETS).

I think I can guess what you are thinking.

“Oh no, an article about the NZETS…just the mention of it sucks the life out of me. I bet it has attracted a whole lot of crackpot denier comments. It’s so complex and full of jargon I don’t really know what to think about it. I find the whole subject just a turn-off. My Eyes are Glazing Over.

This is the entirely natural MEGO response, but you need to fight it! Most discussions of the NZETS descend into flogging the dead horse in order for the snake to swallow the elephant in the room sort of circularity.

We need to realise that this ETS inertia works to the advantage of the parties who gain from the current NZETS. That is of course, the big emitter business members of Business NZ. So, obtain a coffee or other stimulant and read on. I can help you through this. I have waded through Phil O’Reilly’s NZETS musings so you don’t have to.

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Brittany asks the big questions

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Brittany Trilford got her chance to speak truth to power this morning at the Rio + 20 conference, and did an amazing job. It’s worth watching her whole speech, if only to be impressed by the composure a seventeen year old Wellington schoolgirl displays in addressing a roomful of world leaders, but her take-home message was right on the button:

I am here to fight for my future. That is why I’m here. I would like to end by asking you to consider why you’re here and what you can do. Are you here to save face? Or are you here to save us?

Given progress at Rio to date, I think the former rather than the latter, but I’ll comment on that in due course. Transcript of Brittany’s speech below the fold.

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Indonesian President promotes “sustainable growth with equity”

Indonesian President Susilo Bambang Yudhoyono gave an impressive speech at the Centre for International Forestry Research last week. How his words translate into the political life of his country I don’t know, but it is hard to fault them as an analysis of the world’s current challenges and a pointer to the direction in which we must move.   Not many political leaders take the time to stand back and present such a coherent and complete understanding of what is happening to human societies and the natural environment on which they depend. The speech is worth reading in full, but I’ll extract some of the salient points here.

His theme was sustainable growth with equity.

“What are our choices ?

“We can choose to continue to exhaust the present course, the same course that has been in place for decades and centuries. A world where we obsessively chase after economic growth without regard for ethics or the environment.  A world of excessive exploitation of resources, and insatiable consumerism.  A world driven by “greed” rather than “need”.

“If we go down this path, we will only find more of the same.  It will lead us to more environmental degradation.  More deforestation.  More pollution.  More global warming.  More endangered species.  More conflict between man and nature.  And ultimately, more desperation for the human race.”

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Pure Advantage’s strong central message

Simon Johnson, in his recent Hot Topic post, challenged the failure of Pure Advantage’s  report New Zealand’s Position in the Green Race to highlight the importance of putting a price on carbon, and Duncan Stewart offered a robust response. It’s not my purpose in this post to pursue that topic, but rather to dwell on the strong central message of the document — that New Zealand has a much brighter economic future as a green growth economy than as one stuck with the fossil fuel dependance we remain reluctant to address. The report considers government action is necessary to drive the change, but at the same time sadly recognises that the government is currently stuck in a different and inadequate strategy which is hindering advance.

Just how much we are failing to measure up to our proclaimed green image is revealed in the sobering reality check the report performs on various economic fronts.

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