INTERNATIONAL CLIMATE CHANGE PARTNERSHIP
COP5 WORKSHOP“BALANCING SHORT AND LONG
TERM CLIMATE CHANGE OBJECTIVES”
JUDITH BAYERDIRECTOR, ENVIRONMENTAL GOVERNMENT AFFAIRSUNITED TECHNOLOGIES [email protected]
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