Axis NIFTY Bank ETF · NSE:BNKETFAXIS
Axis NIFTY Bank ETF — IEA Roundtable on Industrial Productivity and Competitiveness Impacts (January 2014)
11 slides from Axis NIFTY Bank ETF's conference presentation, Jan 27, 2014
Slide 1: IEA Roundtable on Industrial Productivity and Competitiveness Impacts
IEA Roundtable on Industrial Productivity and Competitiveness Impacts Paris, France January 27, 2014 Robert Bruce Lung – Industrial Energy Efficiency Advisor
Slide 2: Song of the South quote
“…Poppa got a job with the TVA, He bought a washing machine, And then a Chevrolet…” Alabama “Song of the South” 2
Slide 3: Introduction
Introduction Conventional approaches to quantifying energy savings of energy efficiency Co-benefits of energy efficiency in manufacturing Impacts of quantifying co-benefits of industrial energy efficiency Lessons for programs/policies 3
Slide 4: Conventional Approaches
Conventional Approaches Energy savings potential of energy efficiency evaluation methods: Simple payback Discounted payback Internal rate of return Net present value Return on investment Lifecycle cost analysis All of these methods treat only quantified energy savings Based on ener
Slide 5: Co-benefits
Co-benefits Energy efficiency in manufacturing results in quantifiable co- benefits: Production increases (higher absolute and/or per unit increases) Improved product quality (fewer passes, fewer warranty claims) Lower maintenance costs (especially repairs) Reduced emissions (especially fo
Slide 6: Quantified Impacts of Co-benefits
Quantified Impacts of Co-benefits When co-benefits are quantified, ROI metrics always improve: Worrel et al. (2003) Simple payback of energy savings only = 4.2 years Simple payback of energy savings and co-benefits = 1.9 years Lung et al. (2005) Total energy savings = $47.7 million Tot
Slide 7: Productivity Changes and Economic Impact
Productivity Changes and Economic Impact • Just a 0.3% decline in productivity of the U.S. economy could cause GDP (in 2005 dollars) to be ~$2.7 trillion smaller by 2040 • If U.S. economy is ~$2.7 trillion smaller in 2040, this implies: ~$800 billion fewer in 2040 than might otherwise be available
Slide 8: How to Quantify Macro-Economic Impacts of Energy Efficiency?
How to Quantify Macro-Economic Impacts of Energy Efficiency? Integrate energy efficiency into economic production models 3-factor Cobb-Douglas example: Output = A*La *Kb *Ec GDP = A*La *Kb *Ec + (E – E imports) production A is a productivity parameter, L is labor, K is physical capital, E
Slide 9: Cobb-Douglas Model Example in U.S.
Cobb-Douglas Model Example in U.S. Assumptions: Energy intensity reduction 30% between 1990 and 2030 Energy cost of $12.95/MMBtu (2009 data from AEO) Energy use of 113.6 Exajoules (2009 data from AEO) Median wages of $65,000/year (2009) Labor force of 164.4 million workers 10% return o
Slide 10: Conclusion/Lessons for Programs and Policies
Conclusion/Lessons for Programs and Policies Conventional approaches to analyzing energy efficiency understate its impact Quantifying co-benefits of energy efficiency has two important implications: Truer understanding of impact on output/GDP More compelling business case A greater emphasis o
Slide 11: Contact Information
Contact Information Robert Bruce Lung industrialeeadvisor@gmail.com 202-262-7897 11