WWF - Climate Solutions 2 Full Report

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Climate Solutions 2: Low-Carbon Re-Industrialisation

Climate Risk Pty Ltd provides specialist professionalservices to business and government on risk,opportunity and adaptation to climate change.

Climate Solutions 2:

Low-Carbon Re-Industrialisation

www.climaterisk.net

A C l i m a t e R i s k R e p o r t

Climate Risk

A report to WWF International based on theClimate Risk Industry Sector Technology Allocation(CRISTAL) Model

Climate Risk Pty Limited (Australia)Sydney: + 61 2 8243 5767Brisbane: + 61 7 3040 1621www.climaterisk.netClimate Risk Europe LimitedLondon: + 44 752 506 8331This report was prepared by:Dr. Karl Mallonkarl@climaterisk.com.auDr. Mark Hughesmark@climaterisk.com.auSean Kidneysean@climaterisk.netClimate Solutions 2: Low-CarbonRe-IndustrialisationThis report was commissioned by:WWF-AustraliaLevel 13, 235 Jones StreetUltimo NSW 2007AustraliaTel: + 61 2 9281 5515Fax: + 61 2 9281 1060ISBN: 978-0-9804343-8-5Disclaimer:While every effort has been made to ensure that this document and the sources of informationused here are free of error, the authors: Are not responsible, or liable for, the accuracy, currency andreliability of any information provided in this publication; Make no express or implied representation ofwarranty that any estimate of forecast will be achieved or that any statement as to the future matterscontained in this publication will prove correct; Expressly disclaim any and all liability arising from theinformation contained in this report including, without limitation, errors in, or omissions contained inthe information; Except so far as liability under any statute cannot be excluded, accept no responsibilityarising in any way from errors in, or omissions contained in the information; Do not represent that theyapply any expertise on behalf of the reader or any other interested party; Accept no liability for any lossor damage suffered by any person as a result of that person, or any other person, placing any relianceon the contents of this publication; Assume no duty of disclosure or duciary duty to any party.Climate Risk supports a constructive dialogue about the ideas and concepts contained herein.© Copyright Climate Risk Pty Ltd, 2009This document is protected by copyright. However, this document (in whole or part) can be redistributedor reproduced without the prior consent of Climate Risk Pty Ltd provided that full recognition of thesource is included and that any logos are included on diagrams and gures.For WWF International correspondence:Dr. Stephan SingerDirector, Global Energy Policy ProgramWWF Internationalc/o WWF European Policy Office168 Avenue de TervuerenBrussels 1150BelgiumTel: + 32 2 743 8817ssinger@wwfepo.org

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Climate Solutions 2: Low-Carbon Re-Industrialisation

Dr. Karl Mallon

Dr. Karl Mallon is director of Science and Systems at Climate Risk Pty Ltd. He isa First Class Honours graduate in Physics and holds a Doctorate in MechanicalEngineering from the University of Melbourne. Karl has worked in climatechange and energy since 1991, and is the editor and co-author of “RenewableEnergy Policy and Politics: A Handbook for Decision Making”, published byEarthscan (London). He has worked as a technology and energy policy analystfor various international government and non-government organisations since1997. As an invited expert consultant, he participated in the World BankExtractive Industries Review. Karl specialises in both climate change mitigationand adaptation, working closely with global insurers on managing emergingcommercial hazards.

Dr. Mark Hughes

Dr. Mark Hughes heads the Industry and Modelling Section of Climate RiskPty Ltd. Mark holds a doctorate in Materials Science from the University ofCambridge and a First Class Honours degree in Materials Engineering. Hehas been awarded research fellowships with Darwin College (University ofCambridge), the Chevening Technology Enterprise Program (London BusinessSchool and Imperial College), the Oppenheimer Trust and the CommonwealthTrust. Since 1999, he has been based in the field of energy storage andthe environment, and is author of a range of peer-reviewed publications ininternationally distributed journals. Mark has also worked on commercialisationand fundraising for new technologies in the energy sector.

Sean Kidney

Sean is the London-based Europe manager for Climate Risk as well as thestrategy and social marketing consultant to the EU’s new European Web Site onIntegration. Sean has 25 years experience as a social change strategist. He hasbeen an advisor to governments, non-government organisations and pensionfunds, particularly in the areas of organisational development, marketing andcommunications and political lobbying. Sean has worked extensively with theAustralian pension fund sector on marketing and communications, winning adozen Combined Major Superannuation Fund awards. His current focus is onclimate change and the intersection between the interests of long-term capitaland the progress of economic and social evolution.

Climate Risk Team

Climate Risk gratefully acknowledges valuable assistance during the review process from:External Reviewers – John Mathews, Andrew Raingold, Nick Silver, Jasper Sky, Robert Socolowand Cynthia Williams.Internal Reviewers – Greg Bourne, Kim Carstensen, Jean-Philippe Denruyter, Stefan Henningsson,Martin Hiller, John Nordbo, Rafael Senga, Stephan Singer, Christian Teriete and Paul Toni.