Cleaner Greener China

Steve Papermaster - Powershift Ventures - President Council of Advisers on Science and Technology

US Energy issues 2008/ 2009
- volatility in oil markets has highlighted the concept of “global markets”
- investment oil exploration and production resumed, but many projects have been delayed
- ethanol drove food prices up

Trends that are historically not predictable on the short term, have been.. expectations for 200 USD became common.

Demand drivers
- fundamental supply constraints / growing demand
- oil deman in 1960 20mm/ 2008 87mm/ day
- US imported 2008 11.3mbd

US peaked in 2005 from transportation efficiencies

Key drivers going forward:
- Demand growth (GDP/ population)
-Supply growth (resources, infrastructure)
- environmental constraints (local pollution/ climate Change)
- security of supply (import dependence/ competition)
- in the middle of all these is technology

2008/9 policy
- energy independence and security act
- 2009 federal energy policy
– 150 billion, 10yr proposal for energy technology
– 1 million PHEV cars by 2015
– accelerate smart grid
– cap and trade policy
– renewable energy plans
- clean coal and nuclear

Technology Developments
- biofuels
- PHEV plug-in hybrids
- Electricity production (nuke, smart grid, renewable energy)
- electricity generation
- next generation solar, wind, geothermal
- energy storage

Greener Companies, Greener NGOs, Greener People, Greener Products, Greener Tech, Policies and Issues