OBJECTIVES 1. Understand what is meant by the term green technology. 2. Be able to define the factors which have combined in recent years leading to an explosion in interest in green technologies. 3. Discuss in broad terms the various energy transitions that societies have undergone over the past century. 4. Understand how population growth, the emergence of a vast middle class, as well as declining fossil fuel reserves have led to mounting pressure on the world’s energy supply. 5. Discuss how the burning of fossil fuels impacts the environment as well as contributes to climate change. 6. Understand how price convergence (increasing fossil fuel prices and declining costs of green technology) will impact energy production over the next few decades. Green technology is actually a collection of ideas that include: Generating power from sources that do not produce carbon (Greenhouse Gases) as a bi-product. Limiting energy usage through personal behavior modification and technology. Conserving resources through personal behavior modification and technology. (continued) Green technology is actually a collection of ideas that include: (continued) Fostering sustainable energy conservation through improved building techniques, materials and technologies. Creating and using transportation systems and techniques that do not rely on carbonbased products. Why does it seem that suddenly the idea of green technology has gained such prominence? The answer lies in the convergence of a number of factors. These include: The pressure placed on resources by a continued human population growth. Rapidly declining fossil fuel reserves. The dramatic rise of a middle class in developing nations (such as China and India) that places further demands on limited resources. (continued) Why does it seem that suddenly the idea of green technology has gained such prominence? The answer lies in the convergence of a number of factors. These include: (continued) A growing understanding of the effect carbon emissions are producing on the global climate. Advances in alternative technologies that, for the first time, make green technologies price competitive with fossil fuel energy sources. Figure 1-1: World Population Growth Through History Figure 1-2: Hubbard’s Peak Oil Curve Figure 1-3: Watt’s Steam Engine Figure 1-4: The Internal CoFmbustion Engine Figure 1-5: Fuel Sources for Electrical Power Generation Figure 1-6: World Oil Supplies vs. Demand Figure 1-7: Carbon-Based Fuel Supplies Figure 1-8: Historic CO2 Levels and Global Temperature Figure 1-9: World Oil Prices So where will this power come from in a world of declining fossil fuel reserves? Industry experts estimate that if we... Cut down every plant on Earth and converted it into fuel, it will only generate 7 terawatts (and millions of starving people). Build one brand new billion-watt nuclear power plant every 1.6 days until the year 2050, they will generate only about 8 terawatts. (continued) So where will this power come from in a world of declining fossil fuel reserves? Industry experts estimate that if we... (continued) Capture all the energy from the wind that flows across the land near to the Earth’s surface, the power generated will provide just 2 terawatts. Dam every river on the planet and construct hydroelectric power plants to harness that power - we will obtain only about 1 terawatt of power.