15 CARBON REDUCTION WEDGES Energy efciency and conservaton Efcient Vehicles Reduced Vehicle Use Efcient Buildings and Appliances Efcient Baseload Coal Plants Fuel Shif Gas baseload power for coal baseload power Nuclear power for coalpower Carbon Capture & Storage Capture at Power Plants Capture CO2 at hydrogen (H2) plant Capture CO2 at coal-to-synfuel plant Renewable electricity and fuels Wind power for coal power Photovoltaic (PV) power for coal power Wind-generated H2 fuel-cell cars for gasoline-powered cars Biomass fuel for fossilfuel Forests and Agricultural Soil Reduce deforestaton,plus reforestaton and new plantatons Conservaton tllage See: https://www.youtube.com/watch? v=mdyBFbJ0uSk Carbon Mitgaton Initatve, Princeton University (table modied by Philip Cafaro, 2010). Role 1 - Fossil Fuel Energy Companies Due to both internal and external pressure, you know you have to support a reduction in CO2 emissions. From the 15 wedges (see slide 25) and based on your research, decide which TWO of them you most favour for the benefit of your shareholders and company. This will include: 1. A focus on cost-benefit analysis (ie: minimum investment) 2. Ensuring that you as a company is seen as being 'environmentally responsible' 3. Minimizing any potential financial risks 4. Ensuring there is adequate financial return to your investors 5. And so on ... Prepare a presentation of 5 - 10 mins on the strategies you recommend Environmental