ENERGY
INNOVATION
IN ENERGY:
NEW ENGINE
OF GROWTH
FOR EMERGING
ECONOMIES
DIETRICH GROSS
Chairman & CEO
Jupiter Oxygen Corporation CATHERINE CHEN JING
Director of Development China
Jupiter Oxygen Corporation
For more information, please visit:
www.jupiteroxygen.com The UN estimates that global population
will grow more than 20% in this century,
mainly in Asia and Africa. These growing
populations will increase global demand
for food, water, and energy – especially
electricity – with concurrent growth in
coal consumption. At the same time,
the recent Paris Agreement commits
195 governments to decarbonize
national economies, and to work at
their national level to limit future
warming to 2ºC or less.
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China is a key indicator of what can
be achieved with the Paris Agreement,
recognizing their continuing dependence
on coal on the one hand, and the inclusion
of clean coal technologies in their climate
plan on the other. China announced that
it will ratify the Agreement in 2016 in
order to accelerate the Agreement’s
entry into force.
Full ratification of the Paris Agreement is
only the beginning of the process: tangible
action on high-impact carbon mitigation
strategies must follow worldwide.
Innovative energy technologies,
including technologies for carbon
capture, utilization, and storage (CCUS),
will be essential to achieving the targets
of the Paris Agreement. By moving
now to promote commercial-scale
demonstrations of innovative CCUS
technologies, the G20 can play a
critical role in accelerating investment
in sustainable infrastructure, and
growing the global economy.
Coal Drives Growth
According to the INDC Scenario of the
International Energy Agency’s Special
Report on Energy and Climate Change¹,
economic growth continues to be fueled
by fossil energy, especially coal. Global