Technology for a Low Carbon Future
- 06 July 2009
The Technology for a Low Carbon Future report finds that 70% of the reductions needed by 2020 can be achieved by investing in energy efficiency - lighting, vehicles, buildings and motors - and reducing deforestation.
The report concludes that the strategy that should be adopted at the MEF and into Copenhagen should be to focus on existing energy efficiency and renewable energy technologies, along with efforts to halt deforestation, which can deliver major short-term cuts in emissions, while we invest in next generation technologies - carbon capture and storage, new approaches to nuclear and solar, and emerging biotech based solutions - that will drive down emissions through to the middle of the century.
Tony Blair said: "Just as investing in electrification, railways and the internet led to economic growth in the past, investing in clean energy can help reignite the global economy now."
- Major emission reductions are achievable by 2020 if we focus action on certain key solutions now;
- Fully 70% of the reductions needed by 2020 can be achieved by investing in energy efficiency - lighting, vehicles, buildings and motors - and reducing deforestation, the costs of which are manageable and generate positive returns;
- Just seven known policies that are already being successfully implemented in different parts of the world can deliver these reductions: they just need scaling up;
- We need to invest now in the development of those future technologies that will take time to mature, in particular carbon capture and storage (CCS), large scale solar and new generation nuclear, along with public infrastructure such as smart grids;
- International cooperation spurred by an ambitious agreement in Copenhagen can rapidly bring costs down and accelerate scale up of both current and future technologies.