INTERNATIONAL CLIMATE CHANGE PARTNERSHIP COP5 WORKSHOP

1
INTERNATIONAL CLIMATE CHANGE PARTNERSHIP COP5
WORKSHOPBALANCING SHORT AND LONG TERM CLIMATE
CHANGE OBJECTIVES
OCTOBER 30, 1999

• JUDITH BAYER
• DIRECTOR, ENVIRONMENTAL GOVERNMENT AFFAIRS
• UNITED TECHNOLOGIES CORPORATION
• Bayerj_at_corpdc.utc.com

2
LONG TERM ASPECTS OF CLIMATE CHANGE

• PROBLEM
• ATMOSPHERIC LIFETIMES
• CONCENTRATION BUILDUP
• SCIENTIFIC UNDERSTANDING
• SOLUTIONS
• LARGE INSTALLED BASE OF EQUIPMENT
• RD

3
SHORT TERM ASPECTS OF CLIMATE CHANGE

• POLITICAL EXPEDIENCY
• WAIT SEE MENTALITY
• ACTION NOW CAN GENERATE ENVIRONMENTAL ECONOMIC
  BENEFITS

4
UNITED TECHNOLOGIES CORPORATION
UTC CORPORATE
5
UTC STATISTICS

• 43RD LARGEST U.S. CORPORATION
• 25.7 BILLION IN 1998 REVENUES
• 1,900 LOCATIONS IN 183 COUNTRIES
• 1 BILLION RD INVESTMENT PER YEAR

6
UTC PRODUCT LIFE

• GENERALLY MEASURED IN DECADES
• 104 YEAR OLD OTIS ELEVATOR STILL IN SERVICE
• PRATT WHITNEY JT8D JET ENGINES INTRODUCED IN
  EARLY 1960s STILL SAFELY FLYING

7
UTC INSTALLED BASE

• CARRIER -- 15 MILLION RESIDENTIAL AIR
  CONDITIONING UNITS IN THE USA
• OTIS -- 1 MILLION ELEVATORS ESCALATORS
  WORLD-WIDE
• PRATT WHITNEY -- MORE THAN 20,000 COMMERCIAL
  JET ENGINES

8
UTC SHORT TERM STRATEGIES

• CORPORATE-WIDE NATURAL RESOURCE CONSERVATION
  POLICY COMMITMENT
• WORLD-WIDE ENERGY BASELINE FOR OPERATIONS AND
  TRAVEL
• 25 REDUCTION GOAL FOR ENERGY WATER USE
  NORMALIZED BY SALES
• IDENTIFICATION PURSUIT OF REDUCTION
  OPPORTUNITIES

9
UTC LONGER TERM STRATEGIES

• CO-GENERATION
• PRODUCT DESIGN
• RESEARCH DEVELOPMENT
• PUBLIC POLICY DEBATE

10
UTC CO2 REDUCTION OPPORTUNITIES
11
CONCLUSIONS

• INDUSTRY AND GOVERNMENT NEED TO DEVELOP SHORT AS
  WELL AS LONG TERM STRATEGIES
• TARGETS AND TIMETABLES NEED TO BE REALISTIC TO
  AVOID COSTLY PREMATURE CAPITOL STOCK TURNOVER
• MILESTONES ESSENTIAL TO TRACK PROGRESS AND
  REFLECT LATEST SCIENTIFIC, ECONOMIC TECHNICAL
  FINDINGS