Business and Climate

March 19,2010 Ann Condon

Business strategy driving innovation & growth of profitable environmental solutions

Our 80+ eco products & services significantly improve:

Environmental performance

Operating performance

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Intensifying innovation focus

Smart Grid Solutions

Distributed Renewables

Low Cost Water Solutions

Energy Efficiency

Carbon Management

In our Labs

With our VC partners

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GE wind growth and investment

Shipments
6
~5x Growth

GE since 2002
Technology investment ~$800MM

GE GW Growth

NPI/year 5x

GE U.S. assembly 3x
2

Key suppliers 3x Industry employment

6x

0 '04 '05 '06 '07 '08

GE Shipment CAGR ~50% 15 Points > Industry Installs

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Policy Matters: US Example

[2] MM Jobs Competitiveness
Transformed Power Infrastructure
Clean Energy Standard TOU pricing mandate Loan guarantees PTC / ITC

MM Jobs Competitiveness
Improved Energy End-Use Efficiency Key Policies

Energy Energy Independence Independence

Accelerated Innovation

Abundant Resources Supporting Growth

Clean Energy Standard Industrial reuse standards State & utility EE funds Tax credits for EE mfg Water ITC Aviation efficiency std

Clean Energy Deployment Administration Applied R&D

The key policies are at the National Level & Sub-National Level
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Engagement Program
COP15-Dec 11th Monte Atwell-UNFCC Panel WBCSD Business Day Bright Green - Dec 12th Sec Gary Locke - Opening Breakfast/Tour US Ambassadors Reception COP15 & Bright Green Dec 13th Visit by John Holdren Science Advisor to Obama Cogen Event/Reception (IEA/COGEN Europe) GE Press Briefing Influencers Dinner: Post Copenhagen Leadership COP 15 Dec 14th GE/ICC Dinner

Secretary Gary Locke, DOC USA, US Ambassador to Denmark, Steve Fludder & Ann COP 15 Dec 15th Bright Green - Dec 12th Condon at GEs Stand

Google Call to Action Major Economies Business Forum

Secretary Gary Locke, DOC USA, US Ambassador to Denmark, Steve Fludder & Ann Condon at GEs Stand Bright Green - Dec 12th

Need Global Mechanisms to link National Policies & Avoid Trade Conflicts
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Climate Negotiations Continue

Some Direction, But Many unresolved issues
LCA AWG Continues:

Developing Country challenges to IP rights?

Market based approaches? Monitoring, Reporting and Verification (MRV)?

New institutions for finance, technology and adaptation?

Kyoto Protocol AWG Continues: Base year for targets? Duration of next commitment period? Direction on CDM? Allowing (or not) CCS & Nuclear? Addition of new gases and global warming factors? Aviation and Shipping?

Issues will be critical to Business

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Future for the UNFCCC

After 2 weeks 6 Formal meetings 40,000 registered delegates 110 Heads of State Several hundred side events Major exhibitions General frustration:

Danish hosts and UNFCCC:

o

Encouraged NGO presencemostly excluded in week 2

No ability to control states that continually bogged down the process

Venue for Adaptation? Unclear future for Mitigation
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Thank you!

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