* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Download Presentation (PPTX
Scientific opinion on climate change wikipedia , lookup
Climate change and agriculture wikipedia , lookup
Climate change in Tuvalu wikipedia , lookup
Effects of global warming on humans wikipedia , lookup
Energiewende in Germany wikipedia , lookup
Climate change, industry and society wikipedia , lookup
Surveys of scientists' views on climate change wikipedia , lookup
Climate change feedback wikipedia , lookup
Climate change mitigation wikipedia , lookup
Public opinion on global warming wikipedia , lookup
Economics of global warming wikipedia , lookup
United Nations Climate Change conference wikipedia , lookup
Climate engineering wikipedia , lookup
Climate governance wikipedia , lookup
Carbon pricing in Australia wikipedia , lookup
Solar radiation management wikipedia , lookup
2009 United Nations Climate Change Conference wikipedia , lookup
United Nations Framework Convention on Climate Change wikipedia , lookup
Effects of global warming on Australia wikipedia , lookup
Decarbonisation measures in proposed UK electricity market reform wikipedia , lookup
Climate change in the United States wikipedia , lookup
Years of Living Dangerously wikipedia , lookup
Paris Agreement wikipedia , lookup
Climate change and poverty wikipedia , lookup
Economics of climate change mitigation wikipedia , lookup
Climate change in Canada wikipedia , lookup
Low-carbon economy wikipedia , lookup
Politics of global warming wikipedia , lookup
Citizens' Climate Lobby wikipedia , lookup
Mitigation of global warming in Australia wikipedia , lookup
Carbon Pollution Reduction Scheme wikipedia , lookup
IPCC Fourth Assessment Report wikipedia , lookup
Sectoral Approaches: What can the Steel Sector tell us? Peter Wooders, Senior Economist ([email protected]) Lucy Kitson, Economist ([email protected]) 13 October 2011 Steelmaking & Climate Change The challenge Growth World steel consumption will double by 2050 Sustainability Ambition to cut CO2 emissions by at least 50 % by 2050 Mitigation from available technologies/techniques Is carbon changing trends? - continues to trade with its near neighbours Investment highly cyclical, based on cash flow Policymaker’s Guide to Energy Intensive Industries The Relative Importance of Climate Change Policy and Carbon Dioxide Long term (investment) leakage is the key What’s the breakthrough technology? Resources are available for RDD&D A collaborative approach to technology development and implementation* a. Mechanism to be employed b. How finance would be raised c. What the targets should be Plan, based on existing initiatives. National level default Need more than current level – via Basic Law ‘Environment Tax’ + ?? Financial targets, every 5 years d. Whether offsets should be included Perform a feasibility study. Recommendation: exclude e. Who should be responsible Devolve to companies for meeting the target *Favoured option for a Sectoral Approach, Agreement and Mechanism (SAAM) 2030 – options and needs 70th Session of the OECD Steel Committee