Paris economic stakes of the Paris Climate Conference Oct 14th 2015

1. The Role of Carbon Removals
Carbon Market & Green Power Fund
- by their author-
A Key Strategy for Averting Climate Change
Graciela Chichilnisky
Economic Stakes of the Paris Climate Conference
Universite de Paris Dauphine – Paris October 14, 2015

2. Forests remove carbon
essential for sustainable development
and human survival
UN Coalition for Rainforest Nations
50 nations

3. Sustainable Economics
Needs Carbon Removal
Technology
to match accelerated pace of
industrial emissions
How to do it

4. The Need for Going Carbon Negative…
Carbon Neutral is not enough
– Neutralizing new and existing
emissions does not prevent
atmospheric concentration of CO2
from further increasing
– It doesn’t solve the climate risk
problem (reducing atmospheric
concentrations below 500 ppm)
Carbon-Negative Required by IPCC
5th Assessment Report p 191
– To reduce atmospheric
concentrations faster than the
natural absorption rate
– To achieve a safe level of CO2
concentration
Air Capture Can Make Going
Carbon Negative Possible
Pacala and Socolow, Science, Vol 305, 8/13/2004, Pg 969.
Note: 7 Wedges refers to the seven stabilization wedges,
created by Wigley, Richels & Edmonds, necessary to achieve
an atmospheric concentration of CO2 of 500 ppm by 2125.
Business as usual
7 Wedges (aggressive
renewable energy use,
efficiency, point-source
sequestration)
Negative Carbon
Technology (such
as Global
Thermostat) with
aggressive
renewable energy
4Global Thermostat - CONFIDENTIAL

5. Technology Exists Today
• To Reduce Carbon from the Atmosphere
• In a Profitable Way
The Word needs Energy
CLEAN ENERGY FOR DEVELOPING
NATIONS

6. Global Thermostat Pilot Plant, SRI International - Menlo Park California
February 2011

7. GT Pilot Plant at SRI - October 1, 2010
Global Thermostat Company Confidential Page 7

8. 8
MOST INNOVATIVE COMPANIES 2015
Global Thermostat “World’s Top 10 Most
Innovative Company” in Energy
selected by in April 2015
FROM HARNESSING THE AFRICAN SUN TO FILTERING CO2 OUT OF THE ATMOSPHERE, THE COMPANIES AND PRODUCTS
TRANSFORMING HOW WE CONSUME ENERGY.
Global Thermostat
For addressing global warming by grabbing carbon dioxide out of the air. Our energy-
intensive western lifestyle comes with a hefty price: To generate most of our electricity we
burn fossil fuels, a process that pumps billions of tons of carbon dioxide into the air every
year. That CO2, in turn, helps warm the atmosphere (and explains why 2014 was the
hottest year on record). Global Thermostat has a fix: filter air through devices that capture
the CO2 with a chemical scrubber. The greenhouse gas can then either be stored deep
underground or be used for industrial processes, synthetic fuels—even for growing algae.

9. 9
Short Video on Global Thermostat

10. 10
Short Video on Global Thermostat

11. Closing the Carbon Cycle
• GT Technology Captures Carbon from Air
• Inexpensive: Uses Low Process Heat
• Cogenerates Power Production with Carbon
Capture
• The More Power is Produced – the More Carbon
is reduced
• Makes Coal Plants Carbon Negative
• Makes Solar Power Plants even more
Carbon Negative

12. Carbon dioxide
concentration
decreasing
The Global Thermostat
ENERGY
Atmosphere
800

13. Funding from the Green Power Fund
international law as
Green Climate Fund
• A $200 Bn per year Fund to build carbon negative power plants in
Africa, LA and Small Island States - economic growth that cleans the
atmosphere
• The technology exists, and the funding exists in the EU ETS trading
system with a functioning carbon market
• I proposed it in 2009 Copenhagen COP15
• Was accepted and officially endorsed by Hillary Clinton US Sec of State
two days later at COP 15 only as Green Climate Fund with no reliable
source of funding
• Needs connection with EU ETS Carbon Market and its CDM to have
access to reliable funding – sufficient funding exists to resolve climate
change
• Favors both North and South