Transcript Climate Change Policies in the Asia-Pacific Region

October 1, 2010
Presented By Peter Hsiao
© 2010 Morrison & Foerster LLP | All Rights Reserved | mofo.com
Climate Change Policies in
the Asia-Pacific Region
Asia-Pacific: Diverse Climate Change Stakeholders
Japan
California
China
Poor Developing
Nations
Photograph: Bob Strong/ Reuters
This is MoFo.
2
China’s Energy and Carbon Footprint
China’s Carbon Emissions Compared Internationally
• In 2007, China
surpassed the U.S. in total
CO2 emissions. (UNDP)
• 1970 to 2007: carbon
emissions rose over seven
times.
This is MoFo.
Source: World Resources Bank
3
China’s Predicted Growth
• Predicted doubling of power demand in 14 years: 5%
annual power demand growth over the next decade.
China vs. US – Future Power Production
This is MoFo.
4
Chinese Policy Framework
This is
where the
rubber
hits the
road.
This is MoFo.
5
China’s 11th 5 Year Plan
11th 5 year goal of decreasing energy
intensity (energy/unit GDP) by 20% by 2011
Resulted in a reported ~13% decrease so far
This of course is off pace, but still an
incredible achievement over 4 years, if
factually correct.
This is MoFo.
6
China’s 12th 5 Year Plan
 Will set the national goals for the next
five years.
 The same day that the United States
Senate abandoned the federal climate
bill earlier this year, top Chinese officials
were discussing how to launch carbontrading programs.
 Many questions about implementation
remain
This is MoFo.
7
China and the U.N.
The 2010 National Climate Change Program
 China has pledged autonomous and voluntary domestic actions
related to the UN Framework Convention on Climate Change.
China agreed to
lower its carbon dioxide emissions per unit of GDP by 40 to 45
percent by 2020 compared to the 2005 level;
 Increase the share of non-fossil fuels in primary energy
consumption to around 15-20 percent by 2020; and
 Expand forest coverage by 40 million hectares and forest stock
volume by 1.3 billion cubic meters by 2020 from 2005 levels
This is MoFo.
8
China has taken the lion's share of CDM investment
Source: Royal Society of Chemistry, 2010
This is MoFo.
9
Japan’s Emissions
Source: Wall Street Journal, 8/30/2010
This is MoFo.
10
Japan’s Bilateral Negotiations Model
•Total of 15 projects
•Japanese Players:
•Tokyo Electric Power Co.
•Toshiba Corp.
• Mitsubishi Corp.
•9 Countries
•Indonesia
•Vietnam
•Philippines
•India
•Thailand
•China
•Peru
•Laos
•Myanmar
This is MoFo.
11
Cleantech Race for Market Share
Deciding factors:
Progressive domestic regulations
Stimulus and financial incentives
R&D
Cheap labor
Intellectual Property
This is MoFo.
12
Policy and Investment Stats: China
Source: Pew Charitable Trusts, Who’s Winning the Clean
Energy Race? (2010)
This is MoFo.
13
Policy and Investment Stats: Japan
Source: Pew Charitable Trusts, Who’s Winning the Clean
Energy Race? (2010)
This is MoFo.
14
Policy and Investment Stats: United States
Source: Pew Charitable Trusts, Who’s Winning the Clean
Energy Race? (2010)
This is MoFo.
15
Policy and Investment Stats: South Korea
Source: Pew Charitable Trusts, Who’s Winning the Clean
Energy Race? (2010)
This is MoFo.
16
Policy and Investment Stats: Indonesia
Source: Pew Charitable Trusts, Who’s Winning the Clean
Energy Race? (2010)
This is MoFo.
17