ICEF develops roadmaps to share visions and facilitates discussions for the development and dissemination of innovative low-carbon technologies.
The latest ICEF roadmap on “Industrial Heat Decarbonization” was posted on the ICEF website on December 11, 2019. Mr. David Sandalow and Dr. Friedmann presented the roadmap at the side events of COP25 held in Madrid, Spain.
A draft of the roadmap had been presented and discussed at the side event during the ICEF 2019 in October. Considering the discussions and public comments, it had been then reviewed and revised.
CO2 emissions from industrial heat production are roughly 10% of global CO2 emissions and more than the combined amount from cars and planes; yet to date, there has been little research or data on low-carbon industrial heat production. The roadmap examined hydrogen, biomass, electrification, and CCUS as potential technologies to achieve industrial heat decarbonization and evaluated the required capital and operating cost as well as carbon footprint of these technologies. The roadmap conducted case studies in cement, iron and steel, and chemical industries with the application of these technologies. Necessary actions were presented as follows: 1) More researches on low-carbon industrial heat production and the cost reduction of these technologies are required to achieve industrial heat decarbonization and; 2) Policy support is essential; particularly, government procurement is an important tool in building new market for low-carbon industrial heat technologies.
Date: 13:15–14:45, December 13
Venue: Side Event Room 1 in Hall 4, COP25 in Madrid, Spain
Mr. Sandalow presented the ICEF 2019 Roadmap on “Industrial Heat Decarbonization” and he moderated a panel.
David Sandalow [Moderator]
Inaugural Fellow, Center on Global Energy Policy, Columbia University; Co-Director, Energy and Environment Concentration, School of International and Public Affairs, Columbia University
Lukas Hernwille, Project Coordinator, Global Climate Governance Research Unit, Energy, Transport, and Climate Policy Division, Wuppertal Institute for Climate, Environment and Energy
Jan Matthiesen, Director, Programmes and Innovation, the Carbon Trust
R.R. Rashmi, Distinguished Fellow and Programme Director, TERI
It was commented that investment is required especially at an earlier development phase, taking an example of floating wind turbines that can be widely deployed, and that it is important to use appropriate financial tools or market mechanisms in a flexible manner for deploying a new technology. In this example, government procurement and carbon trading have been successful in some counties.
Date: 17:30–18:45, December 11
Venue: Japan Pavilion in Hall 6, COP25 in Madrid, Spain
Mr. Sandalow and Dr. Friedmann presented the ICEF 2019 Roadmap on “Industrial Heat Decarbonization” and Mr. Sandalow moderated a panel.
David Sandalow [Moderator]
Inaugural Fellow, Center on Global Energy Policy, Columbia University; Co-Director, Energy and Environment Concentration, School of International and Public Affairs, Columbia University
S. Julio Friedmann, Senior Research Scholar, Center on Global Energy Policy, Columbia University
Nebojsa Nakicenovic, Executive Director, The World in 2050 (TWI2050)
Furukawa Takashi, Deputy General Manager, Responsible Care Department, Sumitomo Chemical Co., Ltd.
Yoshitaka Mari, Chief Environmental and Social Strategist, Environmental Strategy Advisory Division, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
It was stressed that policy support such as government procurement and subsidies is important at the initial stage of technology deployment. It was commented that 1) capital investment at the time of new construction is important in capital-intensive process industries such as iron and steel and chemicals because the pre-specified performance of a new technology is impossible to achieve if it is applied after whole processes have been coordinated and interrelated and 2) although both knowledge of finance and understanding of technology are required when investing in new technologies, many investors lack the latter. As a result, they are hesitant to invest in new technologies. Following these comments, it was stressed that, to ensure private finance for the installation, governments, industry, and scientists should work together to show a future vision in which relevant industry applies low-carbon industrial heat technologies.