Getting to 2025 Goals Moderator: LINDA MCGINNIS , Program Director, - - PowerPoint PPT Presentation

getting to 2025 goals
SMART_READER_LITE
LIVE PREVIEW

Getting to 2025 Goals Moderator: LINDA MCGINNIS , Program Director, - - PowerPoint PPT Presentation

VERMONTS ENERGY AND EMISSIONS PICTURE Getting to 2025 Goals Moderator: LINDA MCGINNIS , Program Director, Energy Action Network Presenters: JON ERICKSON , Blittersdorf Professor of Sustainability Science & Policy, University of Vermont


slide-1
SLIDE 1

VERMONT’S ENERGY AND EMISSIONS PICTURE

Getting to 2025 Goals

Moderator: LINDA MCGINNIS, Program Director, Energy Action Network Presenters: JON ERICKSON, Blittersdorf Professor of Sustainability Science & Policy, University of Vermont LEIGH SEDDON, Board Chair, Energy Action Network

slide-2
SLIDE 2

Session Goals

Take Stock — Energy & Emissions

Where we’ve been, where we are, and especially...what it will take to meet our goals

Present 10 of the highest impact drivers to 2025 Lay the groundwork for assessing policy options

What will it take to bend the curve?

2017

slide-3
SLIDE 3
  • 1. The Climate Conversation is an

Energy Conversation

  • 2. Paris is Possible

(2025 = CEP & Paris milestones)

  • 3. Two Key Drivers are:

Transportation and Heat

  • 4. Energy Transition = Jobs, Health,

Affordability & More

Four Takeaways

2017

80%

ENERGY =

8YEARS

slide-4
SLIDE 4

A Quick Overview The Big Picture

2017

slide-5
SLIDE 5

Global annually averaged surface air temperature has increased by about 1.8°F (1.0°C) over the last 115 years (1901–2016). This period is now the warmest in the history of modern civilization. Human activities, especially emissions of greenhouse gases, are the dominant cause of the observed warming since the mid- 20th century...there is no convincing alternative explanation supported by the extent of the observational evidence.

2017

slide-6
SLIDE 6

Key Milestones

Paris Accord

emissions by 26-28% from 2005 levels

VT Comprehensive Energy Plan

meet 25% of energy via efficiency & renewables (currently 19%)

VT GHG Statute

emissions by 50% by 2028 from 1990 levels

2017

slide-7
SLIDE 7

Energy Trajectory 1990-2050

20% 40% 60% 80% 100% 2050 2045 2040 2035 2030 2025 2020 2015 2010 2005 2000 1995 1990

Business As Usual 19% in 2016

The Long View: Business As Usual Compared to 90% by 2050 Scenario Business as usual will not get us to 90% by 2050.

What will it take in the next 8 years?

25% in 2025

2017

Share of Renewable Energy

slide-8
SLIDE 8

2017

Source Energy Shows the Full Picture

60%

end use energy

RENEWABLE

40%

NONRENEWABLE

60% 40%

NONRENEWABLE

RENEWABLE

Good news: Thanks to good policy and collective effort, our electricity is increasingly renewable But...Source Energy: Although our “end use” is about 60% renewable,

  • ur “source energy”—counting

all loses incurred in getting our electricity to us, especially from fossil fuel sourced electricity in the region—is only about 40% renewable. source energy for electricity

slide-9
SLIDE 9

2017

...To Illustrate

The EPA estimates that it takes

3 units of natural gas to produce 1 unit of electricity… the rest is up in smoke

NOTE: The EPA has determined that source energy is the most equitable unit of evaluation. Source energy represents the total amount of raw fuel that is required to generate heat or electricity. It incorporates all transmission, delivery, and production losses. By taking all energy use into account, the score provides a complete assessment of energy consumption.

slide-10
SLIDE 10

And...Renewable Energy is More Than Electricity

60%

electricity

RENEWABLE 2017

40%

NONRENEWABLE

But: since electricity is only 21% of TOTAL energy (including heat and transportation), Vermont is

  • nly around 19% renewable

total

RENEWABLE THERMAL

+

TRANSPORTATION

Good news: Electricty now around 60% renewable with some utilities at 100%

slide-11
SLIDE 11

2017

7% 41% 18% THERMAL 64,361 billion BTU

42% of Total TRANSPORTATION

57,414 billion BTU

37% of Total

ELECTRICITY 32,876 billion BTU

21% of Total

Renewable

Total Source Energy by Sector

TOTAL 154,651 billion BTU 19%

slide-12
SLIDE 12

The Long View: Renewable Energy Goals (1990-2050)

Comprehensive Energy Plan Goals 90% by 2050 40% by 2035 25% by 2025 Past 8 Years = 5% increase to 19% Next 8 Years = 6% increase to 25%

100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2030 2010 2020 2040 2050

% Renewable and Efficient 90% by 2050 Transformation Curve

WHERE WE ARE TODAY

2017

slide-13
SLIDE 13

2 4 6 8 10 2013 2010 2005 2000 1995 1990 2015 2020 2025 2030 2035 2040

2045

Historical emissions

Vermont missed its 2012 statutory target of a 25% reduction below 1990 levels. Emissions increased 4% instead. The Paris Accord and U.S. Climate Alliance goal is a 26-28% reduction below 2005 levels by 2025.

7.1 7.54 4.2 Required emissions

VT GHG Statute (By 2028, 50% reduction below 1990 levels) VT CEP Goal (Target if 25% renewable energy by 2025 is met)

MMTCO2e

VT CEP Goal (2050 80-95% reduction below 1990 levels)

0.42

2050

1.68

Historical emissions from Vermont Agency of Natural Resources, http://climatechange.vermont.gov

The Long View: GHG Goals (1990-2050)

Vermont’s GHG Reduction Goals (CEP, Paris, Statute) Compared to Actuals 2017

slide-14
SLIDE 14

The Climate Conversation IS an Energy Conversation

2017

slide-15
SLIDE 15

10% 20% 30% 40% 50%

3.66 2.45

8.75 MMTCO2e (2013)

1.01 0.81 0.59 0.22

Vermont Greenhouse Gas Contributors

42% 28% 12% 9% 7% 3%

transportation

building thermal electric Generation agriculture industrial processes waste

2017

slide-16
SLIDE 16

Paris is Possible

Improving our economy while lowering emissions

2017

slide-17
SLIDE 17

2017

VT Gross State Product

Gross State Product Average economic growth since 1990 = 1.5% per year

slide-18
SLIDE 18

2017

Gross State Product + Total Primary Energy

Gross State Product Total Primary Energy

slide-19
SLIDE 19

2017

GSP + TPE + Total GHGs

Gross State Product Total Primary Energy Total GHGs

slide-20
SLIDE 20

2017

GSP + TPE + Total GHGs + Energy GHGs

Gross State Product Total Primary Energy Total GHGs Energy GHGs

slide-21
SLIDE 21

Decoupling?

2017

Economy and emissions in tandem Economy and emissions start to decouple with renewables and efficiency Future economic activity no longer dependent on fossil fuels

slide-22
SLIDE 22

From 2004 to 2013

Decoupling

Economy grew modestly by 2.6% total (average 0.3%/year) Total GHGs fell by 13.9% total (average -1.6%/year)

Key Reasons

Total primary energy fell by -12.2% Renewable energy increased +105%

2017

slide-23
SLIDE 23

To meet Paris Goals of 26-28% reduction

2017

Average Annual Growth of 1.5% Average Annual Decline of 1.6%

slide-24
SLIDE 24

To meet VT Goals of 50% below 1990 by ‘28

2017

Average Annual Growth of 1.5% Average Annual Decline of 4.4%

slide-25
SLIDE 25

This is not just about energy ...it’s about the future of Vermont’s economy

2017

slide-26
SLIDE 26

VT Jobs, Costs, Predictability

Jobs: VT = national leader in clean energy jobs, now the fastest growing sector of Vermont’s economy Rates: VT electricity rates are the second lowest in New England (down from the highest in 2012). This helps keep our businesses competitive Reduced Costs: Efficiency improvements helped hundreds of businesses reduce O&M expenditures ($50m/year since 2010) Predictability: Renewable energy provides predictability in energy costs compared to historically volatile fossil fuel prices

2017

slide-27
SLIDE 27

Reducing the Energy Burden in VT

Energy Burden: Low income households spend up to 27% of their household income on electricity and heating. Transportation can make that much higher. Efficiency = Savings: is the cheapest energy source we have. Every $1 invested in efficiency is yielding $2 in savings in Vermont. Renewables = Savings: switching to more efficient equipment and transportation that is renewably sourced generates savings every year.

2017

slide-28
SLIDE 28

It’s ALSO about social, environmental, and health benefits

2017

slide-29
SLIDE 29

2017

slide-30
SLIDE 30

What will it take to get to

2017

slide-31
SLIDE 31

30 60 90 120 150 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 15% 18% 21% 24% 27% 30%

Business as Usual Scenario

Renewable Energy Fossil/Nuclear Energy % Renewable

18% 21% Vermont Primary Energy — EAN Projection

TBTU Primary Energy Percent Renewable Energy

2017

slide-32
SLIDE 32

25% by 2025 Scenario

Renewable Energy Fossil/Nuclear Energy % Renewable

Vermont Primary Energy — EAN Projection

30 60 90 120 150 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 15% 18% 21% 24% 27% 30%

TBTU Primary Energy Percent Renewable Energy

18% 25%

2017

slide-33
SLIDE 33

Getting to Paris

Renewable Energy Fossil/Nuclear Energy % Renewable

Vermont Primary Energy — EAN Projection

TBTU Primary Energy Percent Renewable Energy

30 60 90 120 150 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 15% 18% 21% 24% 27% 30%

18% 27%

2017

slide-34
SLIDE 34

Paris Means Bending the Curve

Percent of Primary Energy Use — EAN Projection

15% 20% 25% 30% 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016

Percent Renewable Energy

Paris Accord Renewable % Scenario BAU Renewable % Scenario 25% by 2025 Renewable % Scenario

2017

slide-35
SLIDE 35

The Role of Efficiency and Renewables

EAN “Paris 2025” Scenario

50 100 150 200 2025 2020 2015

Trillion BTU

Biomass Biofuels Hydro Solar Wind Fossil Fuel Nuclear Market Power

Source Energy Losses

Efficiency 16% Savings 24% Reduction in Fossil Fuel Use

2017

Source Energy Losses footnote: Source energy losses represent the total amount

  • f raw fuel that is

required to generate heat or electricity. It incorporates all transmission, delivery, and production losses.

slide-36
SLIDE 36

What are key drivers?

2017

slide-37
SLIDE 37

0.00 0.05 0.10 0.15 0.20 0.25 0.30 0.35 0.40

10 of Highest Impact Drivers for Reaching 2025 Goals

transportation building thermal electricity agriculture

1.63 MMTCO2e Reduction by 2025 to meet Paris Accord

0.370 0.170 0.167 0.257 0.250 0.135 0.025 0.020 0.100

55,000 EVs

245 MW 110 MW 50 Digesters

40,000 advanced wood heat units

0.135

50,000 building retrofits

BMPS on Ag Soils

60,000 CC heat pumps Fleet MPG 5% Ride share Vanpool SOT

2017

MMTCO2e

slide-38
SLIDE 38

8.75 7.1 1

Need ALL Drivers to Get to Paris

Here we are

2017

Increase EVs from 2,000 to 55,000 Increase fleet MPG by 5% Reduce SOV trips from 82% to 65%

  • 0.707

Way more advanced wood heat units and CC heat pumps! Plus extensive building retrofits

  • 0.507

245 MW of Solar PV 1 10 MW of Wind

  • 0.27

Best management practices (e.g., no-till, low till)

  • n VT farms

50 Digesters

slide-39
SLIDE 39

Our goals are achievable technologically, but to bend the curve we need...

2017

slide-40
SLIDE 40

Policy and Leadership

The role of State policy is to help our markets work by providing: Accurate Information Access to Capital Accountable Price Signals

This will build a sustainable economy that creates jobs, keeps energy affordable, and protects our environment

2017

slide-41
SLIDE 41

Questions & Discussion Website: sli.do Event Code: 2025

2017