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HU, Min Founder & Executive Director Innovative Green Development Program (iGDP), China May 13 th , Madrid

Innovative Green Development Program (iGDP), …Governance Initiative, Boston University Total: $104 billion (2003-2013) Total: $121 billion (2014-2017) Hydropower Nuclear Solar/Wind

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Page 1: Innovative Green Development Program (iGDP), …Governance Initiative, Boston University Total: $104 billion (2003-2013) Total: $121 billion (2014-2017) Hydropower Nuclear Solar/Wind

HU, Min

Founder & Executive Director

Innovative Green Development Program (iGDP), China

May 13th, Madrid

Page 2: Innovative Green Development Program (iGDP), …Governance Initiative, Boston University Total: $104 billion (2003-2013) Total: $121 billion (2014-2017) Hydropower Nuclear Solar/Wind

Industry

Agriculture

Services

Source: World Bank World Development Indicators, 2017. data.worldbank.org

0

20

40

60

80

100

1960 1970 1980 1990 2000 2010

Industry

Agriculture

Services

Page 3: Innovative Green Development Program (iGDP), …Governance Initiative, Boston University Total: $104 billion (2003-2013) Total: $121 billion (2014-2017) Hydropower Nuclear Solar/Wind

2

Page 4: Innovative Green Development Program (iGDP), …Governance Initiative, Boston University Total: $104 billion (2003-2013) Total: $121 billion (2014-2017) Hydropower Nuclear Solar/Wind

Drivers

§  New Normal Growth Stage and Economic Structure Change

§  Pressing Air Pollution War

§  Strong Political Commitment

§  Public Need for Good Life Quality

Challenges

§  Stimulate economy growth and ensure employment

§  Middle-class rise and policy boosting consumption

§  Decarbonize industry and reduce materials intensity

3

Mix §  Electrification of energy system (RE v.s. Coal)

§  Consumer behaviors changes (e.g. e-commerce) §  New Technologies (e.g. datacenter)

Page 5: Innovative Green Development Program (iGDP), …Governance Initiative, Boston University Total: $104 billion (2003-2013) Total: $121 billion (2014-2017) Hydropower Nuclear Solar/Wind

China’s NDC:•  Peaking emissions around 2030 and

making best efforts to peak sooner•  Reduce emissions intensity of GDP by

60-65% from 2005•  Increase non-fossil primary energy to

20%•  Increase forest stock by 4.5 billion m3

0

0.05

0.1

0.15

0.2

2000 2010 2020 2030

kgC

O2e

/GD

P (2

010

US$

)

Source: WRI CAIT database (2017)

Emissions Intensity Target

Page 6: Innovative Green Development Program (iGDP), …Governance Initiative, Boston University Total: $104 billion (2003-2013) Total: $121 billion (2014-2017) Hydropower Nuclear Solar/Wind

For example:

§  Stage 6 Light Duty Vehicle Standards

§  Proposed Room AC MEPS

§  Renewable Energy Investment

§  Largest EV Market

5 Source: ICCT

Page 7: Innovative Green Development Program (iGDP), …Governance Initiative, Boston University Total: $104 billion (2003-2013) Total: $121 billion (2014-2017) Hydropower Nuclear Solar/Wind

§ Low Carbon CITY – Madrid Central

§ Electricity – Flexible Grid

§ Circular Economy – Waste Management and Smart Design

§ Cooling Efficiency (EE and HFC) – Included in President Xi-Macron joint declaration

§ Etc.

6

Page 8: Innovative Green Development Program (iGDP), …Governance Initiative, Boston University Total: $104 billion (2003-2013) Total: $121 billion (2014-2017) Hydropower Nuclear Solar/Wind

Source: IEA National Statistics & China State Grid Research Institute

China End-Use Energy Mix

Coal oil gas thermal electricity Others

Page 9: Innovative Green Development Program (iGDP), …Governance Initiative, Boston University Total: $104 billion (2003-2013) Total: $121 billion (2014-2017) Hydropower Nuclear Solar/Wind

MEASURES

§  Increase energy efficiency of production

§  Increase life of steel-intensive goods

§  Increasing recycling

§  CCS

8

H

Page 10: Innovative Green Development Program (iGDP), …Governance Initiative, Boston University Total: $104 billion (2003-2013) Total: $121 billion (2014-2017) Hydropower Nuclear Solar/Wind

9 Source: Hewlett Foundation

Page 11: Innovative Green Development Program (iGDP), …Governance Initiative, Boston University Total: $104 billion (2003-2013) Total: $121 billion (2014-2017) Hydropower Nuclear Solar/Wind

10 Sources, ICCT

Page 12: Innovative Green Development Program (iGDP), …Governance Initiative, Boston University Total: $104 billion (2003-2013) Total: $121 billion (2014-2017) Hydropower Nuclear Solar/Wind

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Page 13: Innovative Green Development Program (iGDP), …Governance Initiative, Boston University Total: $104 billion (2003-2013) Total: $121 billion (2014-2017) Hydropower Nuclear Solar/Wind

Source: Houser, Bordoff, and Marsters. “Can Coal make a Comeback?” Columbia SIPA Technical Report, April 2017. p30. http://energypolicy.columbia.edu/research/report/can-coal-make-comeback

Page 14: Innovative Green Development Program (iGDP), …Governance Initiative, Boston University Total: $104 billion (2003-2013) Total: $121 billion (2014-2017) Hydropower Nuclear Solar/Wind

Source: WRI CAIT database (2017)

Page 15: Innovative Green Development Program (iGDP), …Governance Initiative, Boston University Total: $104 billion (2003-2013) Total: $121 billion (2014-2017) Hydropower Nuclear Solar/Wind

Source: Gallagher, Kevin P (2017), “China’s Global Energy Finance,” Global Economic Governance Initiative, Boston University

Total: $104 billion(2003-2013)

Total: $121 billion(2014-2017)

HydropowerNuclearSolar/WindElectric T&DGas/LNGOilCoal

Page 16: Innovative Green Development Program (iGDP), …Governance Initiative, Boston University Total: $104 billion (2003-2013) Total: $121 billion (2014-2017) Hydropower Nuclear Solar/Wind

§  Greening trade

§  Soft Investment in BRI countries to help develop green policies

§  Technical support in long term strategy planning

§  Policy and strategy dialogues

§  Pilots and capacity building

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Page 17: Innovative Green Development Program (iGDP), …Governance Initiative, Boston University Total: $104 billion (2003-2013) Total: $121 billion (2014-2017) Hydropower Nuclear Solar/Wind

§ [email protected]

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