A Brief History of Western Economics
The Role of Carbon Removals
Carbon Market & Green Power Fund
- by their author-
A Key Strategy for Averting Climate Change
Graciela ChichilniskyEconomic Stakes of the Paris Climate
ConferenceUniversite de Paris Dauphine Paris October 14, 2015
The main message of my presentation is that one cannot have
sustainability without us hunans Closing the Carbon Cycle , by
which is meant the carbon in our fuel comes from the air just as
the carbon for the energy of life comes from the air. This promotes
sustainability because there is no net impact on the planets carbon
balance , the input to energy being the air is more equitably
distributed promoting energy security and economic development. The
green power fund can provide the market stimulus to trigger this
virtuous cycle. 1
Forests remove carbon
essential for sustainable developmentand human survival
UN Coalition for Rainforest Nations 50 nations
Sustainable Economics
Needs Carbon Removal Technology to match accelerated pace of
industrial emissionsHow to do it
The Need for Going Carbon Negative
Carbon Neutral is not enoughNeutralizing new and existing
emissions does not prevent atmospheric concentration of CO2 from
further increasingIt doesnt solve the climate risk problem
(reducing atmospheric concentrations below 500 ppm)Carbon-Negative
Required by IPCC5th Assessment Report p 191To reduce atmospheric
concentrations faster than the natural absorption rateTo achieve a
safe level of CO2 concentration
Air Capture Can Make Going Carbon Negative PossiblePacala and
Socolow, Science, Vol 305, 8/13/2004, Pg 969. Note: 7 Wedges refers
to the seven stabilization wedges, created by Wigley, Richels &
Edmonds, necessary to achieve an atmospheric concentration of CO2
of 500 ppm by 2125.
Business as usual7 Wedges (aggressive renewable energy use,
efficiency, point-source sequestration)Negative Carbon Technology
(such as Global Thermostat) with aggressive renewable energy
4Global Thermostat - CONFIDENTIAL
Bathtub explanation will not solve climate problem or address
underlying energy security and economic development components of
sustainability 4
Technology Exists Today
To Reduce Carbon from the Atmosphere
In a Profitable Way
The Word needs Energy
CLEAN ENERGY FOR DEVELOPING NATIONS
Global Thermostat Pilot Plant, SRI International - Menlo Park
CaliforniaFebruary 2011
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GT Pilot Plant at SRI - October 1, 2010Global ThermostatCompany
ConfidentialPage 7
7
8MOST INNOVATIVE COMPANIES 2015Global Thermostat Worlds Top 10
Most Innovative Company in Energy selected by in April 2015
FROM HARNESSING THE AFRICAN SUN TO FILTERING CO2 OUT OF THE
ATMOSPHERE, THE COMPANIES AND PRODUCTS TRANSFORMING HOW WE CONSUME
ENERGY.Global ThermostatFor addressing global warming by grabbing
carbon dioxide out of the air.Our energy-intensive western
lifestyle comes with a hefty price: To generate most of our
electricity we burn fossil fuels, a process that pumps billions of
tons of carbon dioxide into the air every year. That CO2, in turn,
helps warm the atmosphere (and explains why 2014 was the hottest
year on record). Global Thermostat has a fix: filter air through
devices that capture the CO2 with a chemical scrubber. The
greenhouse gas can then either be stored deep underground or be
used for industrial processes, synthetic fuelseven for growing
algae. For the past year, the company has been demonstrating its
technology in Menlo Park, California, but in 2015 it intends to
begin shipping devices to paying clients.
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9Short Video on Global Thermostat
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10Short Video on Global Thermostat
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Closing the Carbon CycleGT Technology Captures Carbon from
AirInexpensive: Uses Low Process Heat Cogenerates Power Production
with Carbon CaptureThe More Power is Produced the More Carbon is
reducedMakes Coal Plants Carbon NegativeMakes Solar Power Plants
even more Carbon Negative
Carbon dioxide concentration decreasingThe Global
ThermostatENERGY
CO2 CAPTURE
Atmosphere 800
Funding from the Green Power Fundinternational law as Green
Climate Fund
A $200 Bn per year Fund to build carbon negative power plants in
Africa, LA and Small Island States - economic growth that cleans
the atmosphereThe technology exists, and the funding exists in the
EU ETS trading system with a functioning carbon market I proposed
it in 2009 Copenhagen COP15Was accepted and officially endorsed by
Hillary Clinton US Sec of State two days later at COP 15 only as
Green Climate Fund with no reliable source of fundingNeeds
connection with EU ETS Carbon Market and its CDM to have access to
reliable funding sufficient funding exists to resolve climate
changeFavors both North and South
