Reinventing Fire: Blueprint for the new energy era

REINVENTING FIRE Blueprint to the new energy era Business can become more competitive, profitable, and resilient by leading the transformation from fossil fuel to efficiency and renewables. This transition will build a stronger economy, a more secure nation, and a healthier environment. TODAY 35% 26% 22% America gets 90% of its energy from oil, natural gas, coal and nuclear. Our aging infrastructure demands 9% 5% refurbishment to meet 21st OIL NATURAL COAL NUCLEAR BIOMASS HYDRO OTHER century needs. GAS RENEWABLES SHARE OF U.S. PRIMARY ENERGY CONSUMPTION EXCLUDING FEEDSTOCKS. TOTAL ADDS TO 101% DUE O ROUNDING. FOREIGN OIL rerecceae TRANSPORTATION ELECTRICITY Every day, moving people and goods burns million barrels of oil – costing 86 % of U.S. MALE 13 electricity is generated from natural gas, coal, and nuclear in large, centralized power plants. BUILDINGS American drivers $2 billion directly America's 120 million INDUSTRY and $4 billion in additional hidden 42 buildings consume % of the 76% % of the nation's costs. industrial energy - more than sector's energy use any other sector, and more than any country comes from fossil fuels. but China and the U.S. KEY DRIVE RS CHANGE • Ultralight low-drag autos · Electrified autos • Productive vehicle use • Superefficient trucks and planes · Advanced biofuels needing • Wide adoption of energy-efficient technologies · Easy-to-use, IT-based controls • Integrative design • Next-generation codes and equipment standards · Easy-to-access, low-cost financing • Valuing non-energy benefits • Wide adoption of energy-efficient technologies • Integrative design • Thorough use of cogeneration • Fuel-switching • Dematerialization and closed material cycles · Revolutions in biomimicry & additive manufacturing • Superefficient end use • Diverse, largely distributed, renewable-dominated supply • Smart, secure, resilient grid • Full competition between investment options · Fast, broad, transparent markets • Utilities' and customers" incentives aligned no cropland • Revenue-neutral feebates 2050 Efficiency and renewables can end our addiction to fossil fuels, create the core industries of the new 23% 26% 43% 4% 4% energy era, generate $5 trillion in new economic value, and enhance resilience and security. WIND, SOLAR, AND OTHER RENEWABLES HYDRO HYDROGEN NON-CROPLAND NATURAL BIOFUELS GAS SHARE OF U.S. PRIMARY ENERGY CONSUMPTION. >>>>>> >>>>>>>>>>5 TRANSPORTATION INDUSTRY* $3.8 trillion Industry will have greater 84 production, ELECTRICITY not spent on oil will be pumped into the economy. Autos will reach an average of 125-240 mpg-equivalent. use 9-13* less energy, and save $0.5 trillion net. Needing no oil, coal, or nuclear power, at BUILDINGS* least 80 The average square foot would use 1/2 to of our 3/4 less energy than today and save electricity will come reliably from renewable energy. $0.7 trillion net. NON-CROPLAND BIOFUELS *The figures above reflect the effects of transforming the electricity sector, which mainly powers buildings and industry. WHAT WE GET Unlock Support a Use $5 158% trillion in savings bigger economy energy from oil, coal, and nuclear Learn more at rmi.org SOURCES RMI analysis detalled in Reinventing Fire (Chelsea Green) October 2011 and available at Reinventingfire.com ROCKY MOUNTAIN © 2011 Rocky Mountain Institute * INSTITUTE