Global Roundtable On Climate Change

Steve Fludder February 27, 2009

The Challenge 60 50 40 30 20 10 0 1990 2000 2010 2020 2030 2040 2050 IEA Reference Scenario 80% reduction path 2 / / February 2009 Global Energy Related Emissions (Gt CO2/ yr) Our Generation¶s Moonshot CO2 emissions q 80% Decoupling needed Technology is key 2005 .

Business Strategy Driving Innovation and Growth of Profitable Environmental Solutions 3 / / February 2009 .

1. Inform & Engage public« Transparency ongoing 4 / / February 2009 . Double R&D to $1.5B 3. Reduce water 20% absolute 5. Grow revenues to $25B by 2010 2. Reduce GHG 1% absolute by 2012 4.

5B in R&D Profit Technology GROW Revenue to $25B GEnx jet engine PV solar panels Save Use REDUCE GHG/H2O Impact 20% more fuel Iberinco ± efficient 10MW carbonfree electricity Caceres.A sustainable business strategy INVEST $1. Spain lower emissions from jet test rig solar at GE HQ 5 / / February 2009 .

5 GHG Emissions (MM MT / yr) ‡ > $100 MM savings ‡ 5.5MM.5 .25 . 5 . 59k tons CO2 ¶12 Commitment .Reducing our own footprint '04 '0 6.000+ projects Lighting @ 46 plants ' ' GHG Intensity (MT / $MM Rev) ' ' Energy Intensity (MM Btu / $MM Rev) ' ' Fresh Water Use (Billion Gallons) q $6.5 6.

Innovative technologies«now Revenues ($B) 20% CAGR 12 10 14 17 25 Carbon Energy Efficiency « '05 '06 '07 '08 ¶10 goal y 80 certified products y company-wide solutions Water 7 / / February 2009 .

5B by 2010 doubling our 2005 investment Advanced Desalination Hybrid evo Solar OLEDs Carbon Capture Zero Liquid Discharge Energy Storage GEnx Turbine Efficiency 8 / / February 2009 .Innovative technologies«tomorrow Wind $1.

Carbon Mitigation 60 50 40 30 20 10 0 1990 2000 2010 2020 2030 2040 2050 IEA Reference Scenario 80% reduction path Global Emissions (Gt CO2/ yr) 14% 12% 27% Carbon Capture & Sequestration1 Nuclear1 Renewables & Biofuels1 today d 47% Energy Efficiency1 1. Source: International Energy Agency ± World Energy Outlook 2008 9 / / February 2009 .

5 MW PV / Thin Film Co-fired Gasification .Carbon Mitigation at GE CCS-New Gen CCS-Retrofit Nuclear Wind Solar Biofuels IGCC & Precombustion Capture Silicone Based Solvents ABWR / ESBWR 1.5 & 2.

8 -13.0 -21. McKinsey ** ¶06 Usage: 100 Q BTU.Energy Efficiency Entitlement Sector Industrial Residential Commercial Transport Supply: Power Global Efficiency Opportunity (-Q BTU / yr.0 *At >10% IRR.5 -13. 2020)* -53. EIA Total Entitlement: ~130% of US Energy Use** .0 -34.

Energy Efficiency at GE Sector Industrial Residential Commercial Transport Supply: Power Supply: Fuels Products* Growth with early-stage companies Advanced Processes Smart Homes Lighting Systems Energy Storage Smart Grid Advanced Coatings *Certified Ecomagination solutions as of 12/08 8 6 8 16 10 3 .

GE Energy Financial Services ± VC / Growth Portfolio* Energy Efficiency & Smart Grid Renewables Energy Storage Oil & Gas Transportation *Excludes 1 undisclosed investment Proof of Concep t Pilot Stage Early Sales Growth Stage Development Stage 13 / / February 2009 .

Engaging with Stakeholders Academia Policy Government Technology NGOs Finance Employees Public Opinion 14 / / February 2009 .

ecomagination summary  Solving our Generation¶s Toughest Challenge  Driving Innovation and Customer and Shareholder Value  Challenge calls for Multiple Technologies  Organic and Inorganic Innovation  Engaging Broad Constituencies 15 / / February 2009 .

independently verified credits to offset emissions AES Corporation 20% of global portfolio in renewables AES Climate Solutions: 300 people in 26 countries and 700 offset projects First carbon sequestration project in the late 1980s ‡ ‡ ‡ ‡ ‡ Offers unrivalled credibility. and scale Leverages leading carbon market expertise Represents highest standard of scientific and environmental integrity Provides diversified top-quality portfolio Covers full spectrum of project development and carbon asset management services 16 / / February 2009 .Carbon Offsets by« Greenhouse Gas Services. a GE AES venture General Electric GE Energy Financial Services: Over $20 billion in energy investments and renewable energy projects GE ecomagination: GE s commitment to provide products and services that generate significant environmental and economic performance advantages to GE¶s customers ‡ GHGS invests in and develops projects that reduce greenhouse gas emissions and supplies clients real. quality. LLC.

17 / / February 2009 .