Co Co-Chairs: Jose Garibaldi, Co Co-Chairs: Jose Garibaldi, - - PowerPoint PPT Presentation

Co Co-Chairs: Jose Garibaldi, Chairs: Jose Garibaldi, Co Co-Chairs: Jose Garibaldi, Chairs: Jose Garibaldi, Takejiro Sueyoshi. Takejiro Sueyoshi. Rapporteur: Andrew Bolitho Rapporteur: Andrew Bolitho Rapporteur: Andrew Bolitho Rapporteur: Andrew Bolitho

• Achieving a low-carbon society is fundamentally a question of re-

directing investment to more energy efficient and having lower carbon intensity technologies, techniques and infrastructure. carbon intensity technologies, techniques and infrastructure.

• Embedded Investment: will affect carbon intensity for decades –

every investment made without considering carbon intensity a every investment made without considering carbon intensity a missed opportunity.

• Investment path shift: focus beyond incremental improvements, to
• Investment path shift: focus beyond incremental improvements, to

the timescale and the size of change required

Additional investment and financial flows in 2030

Mitigation Sector Global (billion USD) Share of developing countries (billion USD) countries Energy Supply (-) 67 55% Industry 36 53% Industry 36 53% Building 51 29% Waste 0.9 67% Waste 0.9 67% Transport 88 41% Agriculture 35 66% Agriculture 35 66% Forestry 21 99.5% Energy RD&D 35 - 45

• Global: 200 – 210 billion USD (0.92% of projected global investment and 0.26%
• f global GDP in 2030)

Non Annex I Parties: 76 - 77 billion USD (0.86% of Investment and 0.29% of Non Annex I Parties: 76 - 77 billion USD (0.86% of Investment and 0.29% of GDP in 2030) Amount large in absolute terms, but small relative to GDP and total investment

Additional investment and financial flows Additional investment and financial flows - adaptation in 2030 adaptation in 2030 Additional investment and financial flows Additional investment and financial flows - adaptation in 2030 adaptation in 2030

Sector Sector Global Global (billion USD) (billion USD) Share of Share of developing developing countries countries Agriculture, forestry and Agriculture, forestry and fisheries fisheries 14 14 50% 50% Water supply Water supply 11 11 80% 80% Water supply Water supply 11 11 80% 80% Human Health Human Health 5 5 100% 100% Coastal zone Coastal zone 11 11 40% 40%

Global Global: Overall Overall needs needs identified identified in in this this study study correspond correspond to to 0.2–0.8% of

• f

Coastal zone Coastal zone 11 11 40% 40% Infrastructure Infrastructure 8 8-

• 130

130 25% 25%

Global Global: Overall Overall needs needs identified identified in in this this study study correspond correspond to to 0.2–0.8% of

• f

global global investment investment flows flows or

• r 0.06

06-0 0.21 21 % % of

• f projected

projected GDP GDP in in 2030 2030. Developing Developing countries countries: USD USD 28 28 to to 67 67 billion billion in in 2030 2030. Developing Developing countries countries: USD USD 28 28 to to 67 67 billion billion in in 2030 2030. Amount Amount large large in in absolute absolute terms, terms, but but small small relative relative to to GDP GDP and and investment investment

• Low carbon intensive sector untapped:

– need to direct investment in both high and low carbon intensive – need to direct investment in both high and low carbon intensive industries - wider range of low cost measures in the latter

• Range of Interventions:
• Range of Interventions:

– basic information, – logistical and financial innovations to maximise the cumulative potential of individual actions, potential of individual actions, – regulation and programme based approaches to carbon finance when these are appropriate. – Carbon pricing – Carbon pricing

• Frequent mismatches in companies between contribution to carbon

emissions and associated carbon production costs emissions and associated carbon production costs – Carbon pricing capable of addressing mismatches, but not in appropriate time scale – Carbon management at appropriate scale and time requires – Carbon management at appropriate scale and time requires measures to accompany entry of emissions trading.

• Increase R&D in new LCS technologies and techniques required
• Urgent need to increase investment in the deployment of already
• Urgent need to increase investment in the deployment of already

existing low-carbon technologies.

• unique barriers in each of the major contributors to the technology
• unique barriers in each of the major contributors to the technology
• ptions to LCS -need to be addressed in an integrated fashion for

investment to flow.

• Credible Government actions for a robust carbon price signal

necessary but not on their own sufficient.

• Reduction opportunities frequently less expensive on a per tonne
• Reduction opportunities frequently less expensive on a per tonne

basis in the developing world. – International cooperation to facilitate appropriate measures that – International cooperation to facilitate appropriate measures that encourage scaling up of investment. – Cooperation to extract these reductions increase global benefits.

• Delaying the implementation of actions on a domestic and global

perspective – Significantly increase costs of achieving a low-carbon society, – Measures implemented in a shorter and more expensive timeframe, timeframe, – Costs currently not associated with Climate Change impacts increments.