California s electricity efficiency

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1 California s electricity efficiency MWh per GSP Total electricity consumed Residential Industrial Transportation Sources: Department of Energy, Bureau of Economic Analysis, Milken Institute. Commercial

2 Electricity efficiency: U.S. vs. CA 2005 MWh per GSP United States California Sources: Department of Energy, Bureau of Economic Analysis, Milken Institute.

3 California s natural gas efficiency barrel per $1,000 GSP Total LPG consumed Residential Industrial Transportation Commercial Sources: Department of Energy, Bureau of Economic Analysis, Milken Institute

4 Natural gas efficiency: U.S. vs. CA 2005 Barrel per $1,000 GSP United States California Sources: Department of Energy, Bureau of Economic Analysis, Milken Institute.

5 California s motor gasoline efficiency Barrel per GSP Transportation Total motor gasoline consumed Sources: Department of Energy, Bureau of Economic Analysis, Milken Institute

6 Gasoline efficiency: U.S. vs. CA 2005 Barrel per GSP United States California Sources: Department of Energy, Bureau of Economic Analysis, Milken Institute.

7 Top ten private equity clean-tech investment ( ) US$ billions Illinois California Source: Thomson Financial. Arizona Oklahoma North Carolina Texas Mass. Connecticut Iowa PA

8 Photovoltaics technology Critical factor Land area (sq. miles) 10 30,000 Thin-film module efficiency (%) Installed cost ($/W) Electricity price ( /kwh) 16 5 Total capacity (GW) 0.5 2,940 Source: Scientific American January 2008.

9 Annual fuel consumption and emissions Oil (billion barrels) Natural gas (trillion cubic feet) Coal (billion tons) Carbon dioxide (billion tons) Source: U.S. Energy Information Administration.

10 California legislation State Actions Description SB 1078 (2002) RPS Portfolio 1% Annual growth in renewables supply from until 20% of electricity from renewables reached AB 32 (2006) 1990 Emissions level by 2020 Source: California Energy Commission.

11 State renewable standards Source: Pew Center.

12 Solar potential Source: National Renewable Energy Laboratory.

13 Geothermal potential Source: National Renewable Energy Laboratory.

14 Biomass and biofuels potential Source: National Renewable Energy Laboratory.

15 Federal R&D spending on energy As a percentage of total R&D spending 12% 10% 8% 6% Federal R&D spending on energy decreased fourfold over the last decade 4% 2% 0% * * Source: Office of Management and Budget. * 2007 and 2008 are estimates

16 Global clean energy projected growth Biofuels Wind power Solar power Fuel cells Total Source: Clean Edge

17 Asset financing accounted for the largest share of global clean-energy investments in 2007 Total new global investment in clean energy in 2007 = $148.4 billion Corporate Corporate RD&D R&D 7% Government R&D 5% Small scale projects 13% VC & PE 7% Public markets 16% Sources: Clean Edge, New Energy Finance. Asset financing 52%

18 Clean-energy technology venture investments have grown in size and relative importance US$ billions Percent of total venture investments 4.0 Clean-energy venture capital investments (left axis) Percent of total venture investments (right axis) Sources: Clean Edge, New Energy Finance. 0

19 Venture capital s growing focus on clean-energy technology investments $ Investment, US$ billions (left axis) Number of deals (right axis) Sources: PricewaterhouseCoopers, National Venture Capital Association. 0

20 Investment is on the rise Cleantech Index Ticker: CTIUS /20/2003 3/4/2004 2/17/2005 2/2/2006 1/18/2007 1/3/2008 Source: American Stock Exchange.

21 Clean-energy technology stocks High price volatility in the past 52 weeks Index, April 20, 2007 = Nasdaq Clean Edge U.S. index Nasdaq Clean Edge U.S. Index Nasdaq 100 Index Nasdaq 100 index 90 S&P 500 index Index 80 Apr 2007 May 2007 Source: Bloomberg. Jun 2007 Jul 2007 Aug 2007 Sep 2007 Oct 2007 Nov 2007 Dec 2007 Jan 2008 Feb 2008 Mar 2008

22 Climate and Energy Projected economic growth in clean energy will increase by $225 billion over the next decade Source: San Francisco Chronicle, March 7, 2007.

23 Governor Davis Creates California s Four Institutes of Science & Innovation A bold public/private partnership that guarantees California s global leadership in innovation QB3 San Francisco Calit2 San Diego CNSI Los Angeles CITRIS Berkeley

24 Solutions for a Global Water Shortage Researchers have created a membrane that reduces the cost of turning today s seawater into tomorrow s drinking water Only 2.5% of available water is freshwater WHO: 50% of world population facing water shortages by 2025 UN: by 2025, global demand for clean water will increase: + 20% for agriculture + 50% for industry + 80% for domestic consumption

25 Hydrogen Storage for Clean Energy Researchers at the California NanoSystems Institute have created methods to store the equivalent of large room full of Hydrogen into the gas tank of a small automobile.

26 Carbon Dioxide Capture and Storage To reduce greenhouse gas emissions, technology is being developed to capture and safely store carbon dioxide released from power plants and automobile tailpipes before it reaches the atmosphere. New materials are also being developed to safely store carbon dioxide below the earth s surface.

27 Plastic Solar Cells Researchers have developed new plastic solar cells which are ready for some portable electronics. In the future these solar cells will be found everywhere, including building windows, house paints, and draperies to soak up solar power.

28 California s Progressive Energy Policy Under Governor Gray Davis (Ret.) Demonstrating Bold Leadership, Governor Davis: Signed America's first law to address our greatest environmental threat of the 21st century -- Global Warming. Signed into law the Nation s largest Renewable Resources Portfolio Standard. Established the Climate Action Registry. Signed into law an $850-million set of energy conservation and efficiency programs, the largest in CA history. Made the FLEX YOUR POWER campaign a household mission, where all Californians became incentivised to save energy, resulting in 1,468 MW of power savings in 2002 alone.