Leveraging Global Reach • Seed renewable energy industry • Strengthen Washington as a financial center WATF’s Task: Catalyze action by bringing the players together Good international air service - the key to both © WATF 12/08 Climate Change is a Reality What to do about it is a Business Opportunity WATF’s Task: Catalyze action by bringing the players together © WATF 12/08 Climate Change – Aviation’s Goal • Meet the world’s expanding air service demand without increasing Greenhouse Gases (GHG) • Be carbon neutral by 2050 Reducing Greenhouse Gases = Greater Efficiency and Lower Costs Air transportation emits 2% of Greenhouse Gases Source: London Economist © WATF 12/08 Aerospace Drives New Technologies © WATF 12/08 Climate Change – Aviation’s Goal More specifically, create an alternative fuel that: • Can mix with existing jet fuel, i.e. can be “dropped-in” • Does not compete with food production on land or sea • Reduces Greenhouse Gases • Has Socioeconomic benefits • Does not endanger any ecosystem Reducing Greenhouse Gases = Greater Efficiency and Lower Costs © WATF 12/08 Greenhouse Gases Aviation – A modest sinner, but… Aviation – 2% Other Transport – 4% Energy – 5% Residential – 8% Public Electricity/Heat – 35% Other Sectors – 10% Road Transport – 18% Industry – 18% … visible target with no fixed constituency Source: Economist - IEA © WATF 12/08 Greenhouse Gases Aviation’s Progress: • This decade, GHG emissions by U.S. carriers reduced 4%; passengers up 12%; cargo up 22% • Alternate fuels and power plants flown • Air Traffic Control improvements demonstrated Further Potential Reductions: • New Air Traffic Control……………...15% - 20% • Engine and airframe efficiencies…..15% - 25% • Airport Efficiencies…………………..15% © WATF 12/08 Cooperative Global Effort Boeing and Airbus: Working together with Rolls-Royce, General Electric, Pratt & Whitney, Honeywell/UOP and others. © WATF 12/08 Bio Fuel – Why? Fossil: Adds to GHG Mine Refine Burn Add to GHG Renewable: Does not add to GHG Grow (feedstock consumes GHG) Refine Burn GHG release back to atmosphere © WATF 12/08 Bio Fuel – Feed Stocks • CO2 – consumed by plant/algae production • Jatropha, Switchgrass, etc. – grows like weeds; uses non-arable land • Algae – attractive, but needs major capital investment Medium term – find algae that eat CO2; excrete jet fuel! © WATF 12/08 “Biology has moved from being an intuitive to an exact science.” Aristides A. N. Patrinos, Ph.D. President, Synthetic Genomics © WATF 12/08 Bio Fuel Development - Rapid Progress • “Drop-In” 50/50 blend with Jet A-1 • Made from inedible weed (Jatropha) • Production, not laboratory quantity required • Made by Terasol Energy using UOP/Honeywell process Source: Aviation Week Met or exceeded all fuel specs – 4% higher energy content © WATF 12/08 Bio Fuel Development - Rapid Progress • Air New Zealand, Continental, Japan Airlines and Emirates demo flights scheduled with “drop-in” alternative • First regular airline use possible in 3-5 years Source: Aviation Week © WATF 12/08 Air Traffic Control – the Lowest Hanging Fruit! • 22% of jet fuel wasted by ATC and airport delays in 2007 • Need FAA Reauthorization Bill passed by Congress • Fund accelerated ATC improvements, i.e. Next Gen space based system © WATF 12/08 Increase Airplane Fuel Efficiency • Refined operating procedures • Short term – airframe and engine improvements • Long term – innovative designs • Revised manufacturing © WATF 12/08 Airports • Alternative energy sources • Reduced energy use • Refined operating procedures © WATF 12/08 DARPA Initiative Early 2007: 3 teams under contract to produce small production quantities of jet fuel from renewable sources. © WATF 12/08 United States Air Force Goal Use a 50% Alternative Fuel Blend for Half Their Domestic Need by 2016 U.S. Military - 1½% of U.S. fuel use - 340,000 barrels/day © WATF 12/08 The USAF Objective • Energy independence • Stimulate U.S. production of alternate fuels • Reduce Greenhouse Gas emissions © WATF 12/08 USAF Results • Flight tested C-17, B-52 and B-1 on alternate fuels • Stimulated construction of synthetic fuel refinery • Research © WATF 12/08 Climate Change: An Economic and Political Opportunity • • Billions of dollars are being invested Opportunity to eliminate U.S. dependency on imported oil WATF’s Task: Catalyze action by bringing the players together Policy Required From State and Local Government © WATF 12/08