international climate change partnership cop5 workshop balancing short and long term climate change...

INTERNATIONAL CLIMATE CHANGE PARTNERSHIP

COP5 WORKSHOP“BALANCING SHORT AND LONG

TERM CLIMATE CHANGE OBJECTIVES”

JUDITH BAYERDIRECTOR, ENVIRONMENTAL GOVERNMENT AFFAIRSUNITED TECHNOLOGIES CORPORATIONBayerj@corpdc.utc.com

OCTOBER 30, 1999

LONG TERM ASPECTS OF CLIMATE CHANGE

• PROBLEM – ATMOSPHERIC LIFETIMES– CONCENTRATION BUILDUP– SCIENTIFIC UNDERSTANDING

• SOLUTIONS– LARGE INSTALLED BASE OF EQUIPMENT– R&D

SHORT TERM ASPECTS OF CLIMATE CHANGE

• POLITICAL EXPEDIENCY• “WAIT & SEE” MENTALITY• ACTION NOW CAN GENERATE

ENVIRONMENTAL & ECONOMIC BENEFITS

UNITED TECHNOLOGIES CORPORATION

UTC CORPORATE

UTC STATISTICS

• 43RD LARGEST U.S. CORPORATION• $25.7 BILLION IN 1998 REVENUES• 1,900 LOCATIONS IN 183 COUNTRIES• $1 BILLION R&D INVESTMENT PER

YEAR

UTC PRODUCT LIFE

• GENERALLY MEASURED IN DECADES• 104 YEAR OLD OTIS ELEVATOR STILL IN

SERVICE• PRATT & WHITNEY JT8D JET ENGINES

INTRODUCED IN EARLY 1960s STILL SAFELY FLYING

UTC INSTALLED BASE

• CARRIER -- 15 MILLION RESIDENTIAL AIR CONDITIONING UNITS IN THE USA

• OTIS -- 1 MILLION ELEVATORS & ESCALATORS WORLD-WIDE

• PRATT & WHITNEY -- MORE THAN 20,000 COMMERCIAL JET ENGINES

UTC SHORT TERM STRATEGIES

• CORPORATE-WIDE NATURAL RESOURCE CONSERVATION POLICY COMMITMENT

• WORLD-WIDE ENERGY BASELINE FOR OPERATIONS AND TRAVEL

• 25% REDUCTION GOAL FOR ENERGY & WATER USE NORMALIZED BY SALES

• IDENTIFICATION & PURSUIT OF REDUCTION OPPORTUNITIES

UTC LONGER TERM STRATEGIES

• CO-GENERATION • PRODUCT DESIGN• RESEARCH & DEVELOPMENT• PUBLIC POLICY DEBATE

UTC CO2 REDUCTION OPPORTUNITIES

0

20

40

60

80

100

120

MIL

LIO

N M

ETR

IC

TO

NS

OF C

O2

UTCOPERATIONS &TRAVEL

P&W JET ENGINEFLEET

CARRIER USARESIDENTIALAIRCONDITIONERS

CONCLUSIONS

• INDUSTRY AND GOVERNMENT NEED TO DEVELOP SHORT AS WELL AS LONG TERM STRATEGIES

• TARGETS AND TIMETABLES NEED TO BE REALISTIC TO AVOID COSTLY PREMATURE CAPITOL STOCK TURNOVER

• MILESTONES ESSENTIAL TO TRACK PROGRESS AND REFLECT LATEST SCIENTIFIC, ECONOMIC & TECHNICAL FINDINGS