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Thomas TantonPresident, T
2
and Associates
With Support from
Michelle Michot Foss
(Chief Energy Economist and Head)
Dmitry Volkov
(Energy Analyst)
Center for Energy Economics,Bureau of Economic Geology,The University of Texas
June 2009
Key Investments in Greenhouse Gas MitigationTechnologies by Energy Firms, Other Industryand the Federal Government: An Update
Table of Contents
Summary Results ........................................................................................................ i
Preface ........................................................................................................................ ii
Glossary of Terms.................................................................................................... ii
Categorization of GHG Mitigating Technologies ..................................................... iii
Global Warming Potential of Greenhouse Gases ................................................... iii
Introduction ................................................................................................................ 1
Five Leading Technology Investments .................................................................... 2
Greenhouse Gas Mitigation Technology Investments ............................................ 3
Oil and Gas Industry Investments from 2000 to 2008 .............................................. 4
Other Private Industries and Federal Government Investments from 2000 to 2008 .......................... 5
Technology Investments by Investor Types ............................................................. 7
Major Changes Since Last Report ........................................................................... 9
The Challenge of Emission Reductions in aWorld of Growing Energy Demand ...................... 10
Greenhouse Gas Emission Mitigation Technologies ............................................ 13
Methodology .......................................................................................................... 16
Appendix A: Bibliography ...................................................................................... 17
Undertaken for API
i
Summary Results
Total North American investments in GHG mitigating technologies are estimated to have totaled $132.9billion dollars between 2000 and 2008.
1
These investments were made by the U.S. based oil and gasindustry, other U.S. based private sector industries and the Federal government. For each sector, FigureES-1 summarizes these greenhouse gas mitigation investments by investor type and by technologycategory, over the 2000 to 2008 period.
•
The U.S. based oil and gas industry invested an estimated $58.4 billion
•
Other U.S. based private industries invested an estimated $55.3 billion
•
The Federal Government invested an estimated $19.2 billion Figure ES-1
Fuel substitution
technologies include liquefied natural gas (LNG), nuclear, and landfill gas.
End-us
e technologies include efficiency improvements, such as cogeneration (CHP), improved lighting,and carbon capture and storage (CCS).
Non-hydrocarbon
technologies include any energy form that is not a hydrocarbon energy source, suchas wind and solar.
Enabling technologies
include various consortia that are researching and developing a wide variety of technologies, and include several university programs.
1
―North American market‖ is used herein to i
nclude Canada and the U.S. Percentages may not add to 100% dueto rounding.
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