cbi climate change summit - professor sir david king

Should business care about climate change?

Professor Sir David KingSenior Scientific Advisor to UBS

Director, Smith School of Enterprise and the Environment

17th November 2010

CBI 2010IET, 2 Savoy Place, London

Source: Fedorov et al. Science 2006, 312, 1485 Source: ML Design.  From "The Complete Ice Age: How Climate Change Shaped the World" edited by Brian Fagan, Thames & Hudson Ltd., London, 2009

Observed Global Temperatures

60 million years ago

40 million

20 million 0.5 million

Present2.5 million

2 million

1 million1.5 million

5

4

3

2

1

0

3 million

Carb

on

d

ioxid

e

400,000 years ago 300,000 200,000 100,000 Present

Tem

pera

tur e

0ºC

-2ºC

-4ºC

-6ºC

-8ºC175ppm

200ppm

275ppm

250ppm

225ppm

-300ppm

-325ppm

δ1

8 0

(p

pt)

Tem

pera

tur e

Sea Level and Temperature Measurements

Source: Met Office & Proudman Oceanographic Laboratory Liverpool

Volume of conventional oil discovered

Volume of conventional oil consumed

Billion

s o

f b

arr

els

[G

b]

Year

50

40

30

20

10

2000198019601940

0

19201900 2020 2040 2060

Source: N.A. Owen, O.R. Inderwildi and D.A King, ‘The status of conventional world oil reserves - Hype or cause for concern?’ (2010) Energy Policy, doi:10.1016/j.enpol.2010.02.026

Conventional Oil Supply and Demand

Forecasted demand 1.2% p.a. growth

Organisations with links to the Smith School

The Smith School of Enterprise and the Environment at the University of Oxford

Making an impact on the environmental changes facing the planet

www.smithschool.ox.ac.uk