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Business and Climate

March 19,2010Ann Condon

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Business strategy driving innovation & growth ofprofitable environmental solutions

Our 80+ eco products & services significantly improve:

Environmentalperformance

Operatingperformance

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Smart GridSolutions

DistributedRenewables

Low Cost WaterSolutions

Intensifying innovation focus

EnergyEfficiency

CarbonManagement

In our Labs With our VC partners

http://images.google.com/imgres?imgurl=http://www.greenpacks.org/wp-content/uploads/2009/07/General-Electric.jpg&imgrefurl=http://www.greenpacks.org/2009/07/15/general-electric-making-gadgets-to-cut-power-use-in-homes/&usg=__LpEAUXqE9oDVlk-8XPz5cVwXK80=&h=430&w=455&sz=48&hl=en&start=5&um=1&tbnid=owBodzWJNO_LEM:&tbnh=121&tbnw=128&prev=/images%3Fq%3Dge%2Bsmart%2Bgrid%26hl%3Den%26um%3D1http://images.google.com/imgres?imgurl=http://www.unimex.dk/upload/billed%2520web.jpg&imgrefurl=http://www.unimex.dk/page.asp%3Fpageid%3D36&usg=__lPqTACR3RysHO_3MmcQQEF84pCA=&h=341&w=512&sz=32&hl=en&start=8&um=1&tbnid=mypeXCyWEmj6iM:&tbnh=87&tbnw=131&prev=/images%3Fq%3Dwater%2Bsolutions%26hl%3Den%26sa%3DN%26um%3D1

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GE since 2002

Technology investment ~$800MM

NPI/year 5x

GE U.S. assembly 3x

Key suppliers 3x

Industry employment 6x

GE wind growth and investment

GE Shipment CAGR ~50% 15 Points > Industry Installs

Shipments

GEGWG

rowth

~5x Growth

0

2

4

6

'04 '05 '06 '07 '08

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Policy Matters: US Example

[2] MM Jobs CompetitivenessEnergy

Independence

TransformedPower

Infrastructure

Improved EnergyEnd-Use

Efficiency

AbundantResources

Supporting Growth

AcceleratedInnovation

Clean Energy Standard TOU pricing mandate Loan guarantees PTC / ITC

Clean Energy Standard State & utility EE funds Tax credits for EE mfg Aviation efficiency std

Industrial reusestandards

Water ITC

Clean EnergyDeploymentAdministration

Applied R&D

Key Policies

Energy IndependenceCompetitiveness

MM Jobs

The key policies are at the National Level &Sub-National Level

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Secretary Gary Locke, DOC USA, USAmbassador to Denmark, Steve Fludder & AnnCondon at GEs Stand Bright Green - Dec 12th

COP15-Dec 11th

Monte Atwell-UNFCC PanelWBCSD Business Day

Bright Green - Dec 12th

Sec Gary Locke - Opening Breakfast/TourUS Ambassadors Reception

COP15 & Bright Green Dec 13th

Visit by John Holdren Science Advisor to Obama

Cogen Event/Reception (IEA/COGEN Europe)GE Press BriefingInfluencers Dinner: Post Copenhagen Leadership

COP 15 Dec 14th

GE/ICC Dinner

COP 15 Dec 15th

Google Call to ActionMajor Economies Business Forum

Need Global Mechanisms to link National Policies& Avoid Trade Conflicts

Engagement Program

Secretary Gary Locke, DOC USA, US Ambassadorto Denmark, Steve Fludder & Ann Condon at GEs

Stand Bright Green - Dec 12th

http://en.cop15.dk/frontpagehttp://images.google.co.uk/imgres?imgurl=http://www.danfoss.com/NR/rdonlyres/8A869295-DD76-4329-910C-EC006B89C641/0/BrightGreen.jpg&imgrefurl=http://www.danfoss.com/NewsAndEvents/Archive/Drives%2BNews/2009/Danfoss-is-present-at-Bright-Green-fair/0C338659-8868-4872-891F-FD268229E5A7.html&usg=__vm5Ue4LUU9NNi-jh0XmxGgsS9Rw=&h=188&w=188&sz=9&hl=en&start=10&tbnid=3FMEqxtnpw5lkM:&tbnh=102&tbnw=102&prev=/images%3Fq%3DBright%2BGreen%2BCop15%26gbv%3D2%26hl%3Den

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Climate Negotiations ContinueSome 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 UNFCCCAfter

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 presencemostlyexcluded in week 2

o No ability to control states thatcontinually bogged down the process

o Venue for Adaptation? Unclear futurefor Mitigation

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Thank you!