BP plc · LSE:BP.
BP — World Gas Conference 2006
16 slides from BP's conference presentation, Jun 8, 2006
Slide 1: Agents of change: Preparing for a world where carbon has a price
agents of change Preparing for a world where carbon has a price Vivienne Cox, Chief Executive, Gas, Power & Renewables, BP plc World Gas Conference, Amsterdam, 8 June 2006
Slide 2: The price of carbon today
The price of carbon today 10:21 €15.00
Slide 3: Projected global temperature rise in 21st century
Projected global temperature rise in 21st century Source IPCC Projected range 6°C 5.8°C 5°C 4°C 3°C 2°C 1.4°C 1°C 0°C 2000 2020 2040 2060 2080 2100
Slide 4: Actual and projected carbon emissions
Actual and projected carbon emissions Billions of tonnes of carbon emitted 14 per Year y path 14 GtC/y ntl rre ted Cu ojec pr Historical 7 emissions 1.9 0 1950 2000 2050 2100
Slide 5: The stabilisation trajectory
The stabilisation trajectory Billions of tonnes of carbon emitted tly path en d 14 per Year r r cte u C oje 14 GtC/y pr ‘Stabilisation triangle’ Historical 7 emissions 7 GtC/y Stabilisation path 1.9 0 1950 2000 2050 2100
Slide 6: The Princeton 'wedges' concept
The Princeton ‘wedges’ concept Billions of tonnes of carbon emitted per Year Each wedge grows to 1 14 GTC by 2050. 14 GtC/y Seven “wedges” 7 7 GtC/y Stabilisation path 1.9 0 1950 2000 2050 2100
Slide 7: Many potential wedges
Many potential wedges 50x 1400 today’s WIND capacity more GAS fired power plants, displacing coal ‘Stabilisation triangle’ 700x 500MT Stabilisation path of HYDROGEN today’s SOLAR capacity with CO2 capture 2bn energy More energy 3X efficient VEHICLES efficient BUILDINGS today’s NUCLEAR capacity
Slide 8: It's possible…
Lessons from Princeton It’s possible… - the solution is multi-layered - the technologies exist today - it’s within economic reach - Gas is part of it…and so is Coal
Slide 9: Towards a low-carbon future?
Towards a low-carbon future? Businesses Governments Investors Consumers
Slide 10: Making the first move
s _ Making the first move
Slide 11: EC directive
EC directive 30+ gas fired State-of-the-art EC removes Host of new power stations gas technology: constraint on North Sea gas across the UK gas to power developments
Slide 12: Taking the initiative
Taking the initiative
Slide 13: Impact of a $30 Carbon Cost on Generation Costs
Impact of a $30 Carbon Cost on Generation Costs Includes life-cycle costs of capex/fuel/maintenance, Gas $4-6 range, Coal $40-60 range, Wind 20-30% send out range $/MWhr Coal Gas Onshore 80 CCGT Wind 70 Nuclear 60 Hydrogen 50 from Coal 40 30 20 10 0 $30/tonne 2 CO 2 Cost 2 No CO Cost Source: BP Anal
Slide 14: Towards a world where carbon has a price
Towards a world where carbon has a price
Slide 15: Agents of Change
Agents of Change • Gas and carbon pricing are vital to a low carbon future. • Raise awareness of the role of Gas • Advocate for policy that helps us invest with confidence.
Slide 16: Agents of change
agents of change Preparing for a world where carbon has a price Vivienne Cox, Chief Executive, Gas, Power & Renewables BP plc World Gas Conference, Amsterdam, 8 June 2006