Mark Henley's presentation as part of SEARCH Foundation 2011 speaking tour with Ann Pettifor www.search.org.au

1. Towards Zero Carbon:Winning Hearts and Minds Mark Henley, B Ec, JP Views expressed are no necessarily those of employer, Uniting Care Wesley Adelaide

2. Hearts and Minds Leadership Engineering Economics Four Areas for Parallel Action

3. Hearts and Minds

4. In January 2010, 1737 people were asked: Would you agree or disagree that increasing amounts of CO2 in the atmosphere through man’s use of fossil fuels such as coal, oil and natural gas are significantly affecting earth’s temperature? Before Copenhagen: 58% agreed, Jan 2010 that fell to 54% February 2011the result was 24%. Hearts and Minds … Lost?

5. Percentage Unsure January 2010: 18% February 2011: 38%. A 20% change in 1 year! Source: Galaxy Polls Sure to Unsure

6. FEAR? Rising inequality: Rising Energy Costs Loss of Trust Economic and Job losses Global Problem: Australian can’t have influence Why the Change

7. Rising Energy Costs

10. Generation (Wholesale) Transmission Distribution Retail + GST Electricity Industry Elements

12. Retail Electricity Price Index, 1991-2010

13. Electricity in CPI

14. Electricity Prices Austvs Others

16. Network Investment, 2002-12

17. Financial Stress

18. Electricity Spend and Use

20. Trust

22. Truth- Speaking Tangible local and household action, eg Energy Efficiency Strong transition strategies for people adversely affected by change, eg la Trobe Valley, Port Augusta Civil society talking about the imperatives for a low carbon future Trust Building

24. Economic Impacts

26. Rest of the World

31. Leadership

32. Truthsaying

34. UK Energy White Paper We must decarbonise electricity generation: it is vital that we take action now to transform the UK permanently into a low-carbon economy and meet our 15 per cent renewable energy target by 2020 and our 80 per cent carbon reduction target by 2050. Contracting for Low-Carbon Generation At the heart of our strategy to deliver this transition is a new system of long-term contracts in the form of Feed-in Tariffs with Contracts for Difference (FiTCfD), The introduction of a Carbon Price Floor (CPF) to reduce uncertainty, put a fair price on carbon and provide a stronger incentive to invest in low-carbon generation now. An Emissions Performance Standard (EPS) set as an annual limit equivalent to 450g CO2/kWh at baseload to provide a clear regulatory signal

36. Engineering

37. Zero Carbon Australia 2020

38. Concentrating Solar Thermal Wind Hydro Biomass National Transmission Grid Cost 3% GDP, over 10 years, $37b per annum Elements of Zero Carbon Aust, Stationary Energy Plan

39. The Renewables “Cocktail”

40. Innovation

41. Economics

42. Remember OPEC? Not our First Price on Carbon

43. Economists’ Open Letter Supporting a Price on Carbon Pollution 2011 We are writing this open letter on a carbon pollution price as a group of concerned economists with a broad range of personal political views, but united in the judgements that: -a price on carbon pollution, preferably an emissions trading scheme, is the best way to reduce carbon emissions over time; and -the design features of such a scheme will be critical to its success. We are all of the view that the introduction of an emissions trading scheme is a necessary and desirable structural reform of the Australian economy, it should be broadly-based in its application and highly transparent in its implementation. It should not be approached in a politically opportunistic and haphazard manner.

44. Current Developments AEMC rule change proposals re Distribution Price Path regulatory processes Energy White Paper Reliability Standards National Energy Customer Framework (NECF) implementation (From 1/7/12) Carbon Pricing and Compensation Energy Efficiency programs

45. A Fairer Australia: equity still matters Energy Affordability Strategy (consumer protection, fair tariffs, energy efficiency, concessions) Government Leadership: Policy and collaboration’ eg Energy White Paper Industry Leadership: Life beyond “Gaming the Government” Innovation Strategy Hearts and Minds: Action

46. Thankyou for your interest