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THINK BIG – GIVE Muhammad Yunus GREEN ENERGY BUSINESS IDEAS 300 Words or Less for YouthinYunus

In biofuel, cleantech, Energy, entrepreneur, Environment, Grameen, greentech, investment, maintech, Power Grid, Science, Social Business, Solar, Sustainable, Technology, technology transfer, Venture Capital, youthinyunus on April 26, 2011 at 11:33 am

THINK REALLY BIG Current & Future green entrepreneurs-
Submit as many BIG IDEAS as possible – Student Ideas Welcome!:

In 300 words or less:

Tell Muhammad Yunus your biggest – push the limits – IDEA or GOAL on a green energy business concept with real teeth that you want to see go forward. That’s all. If the idea creates jobs and fits the social business model. That’s even better!
Please provide your name, email and a little information about yourself (include school/year graduated- if appropriate)

Muhammad Yunus and Grameen Solutions are asking and we’re helping.
Your ideas may be published at YouthinYunus and reviewed by Grameen Solutions.

Send these ideas to Halima Aquino- halima@boltonhillconsulting.com ASAP

Rick Borovoys Junkyard Jumbotron project – Popwuping – StumbleUpon

In Technology, technology transfer, Venture Capital on April 9, 2011 at 9:39 am

Rick Borovoys Junkyard Jumbotron project – Popwuping – StumbleUpon.

Rick Borovoy’s Junkyard Jumbotron project, allows you to take laptops, tablets or phones in close proximity, arrange them in a layout of your choosing, to form a large singular display.

A project from the MIT Center for Future Civic Media. Via Core77.

Register Now! MIT Enterprise Forum of DC & Baltimore Gala 2011 : Celebrating Startups! With Startup America – The White House Initiative & The Public Private Partnership Initiative

In angel Investor, entrepreneur, finance, investment, Science, Technology, technology transfer, Venture Capital on March 17, 2011 at 2:38 pm

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Celebrating Startups
Tom Kalil

Office of Science and Technology Policy (OSTP) Co-lead, The White House; Agency Review Team at Presidential Transition Team; Chair, Global Health Working Group at Clinton Global Initiative ; Senior Fellow, Center for American Progress. Previously, he served as the Deputy Assistant to President Clinton for Technology and Economic Policy, as well as the Deputy Director of the White House National Economic Council.

Scott Case

CEO, Startup America Partnership Initiative

Timothy “Scott” Case is a technologist, entrepreneur and inventor and was co-founder of Priceline, the “Name Your Own Price” company that was one of only a handful of startups in US history to reach a billion dollars in annual sales in less than 24 months. As Chief Technology Officer, he was responsible for building the technology that enabled Priceline’s hyper-growth.

Time is running out! Register Now at http://www.mitefdc.org And Join Us: Tuesday, March 29, 2011 6:00 PM to 9:30 PM Embassy of France 4101 Reservoir Road, NW Washington DC District of Columbia USA 20007
Greetings!

The MIT Enterprise Forum is pleased to announce that its annual Gala will be held the evening of Tuesday, March 29.  Our program will feature both an introduction to President Obama’s Startup America Initiative by Tom Kalil and an introduction to the public/private Startup America Partnership by it’s new CEO Scott Case. Scott case is leading the comprehensive public-private Startup America initiative for innovation and excellence in the entrepreneurial community ,

Register Before March 26, 2011!

The Startup America Partnership is itself a startup, which has received support from the Kauffman Foundation and the Case Foundation.  Our keynote speaker will be Scott Case, the recently named CEO of the Startup America Partnership .


Join us for an evening of dinner, networking, and a program celebrating entrepreneurial innovation!
Get in on the ground floor as this innovative public-private partnership develops resources for emerging companies and raises awareness of the critical role that entrepreneurs play in job creation and economic growth.

Our venue for the event is the stunning French Embassy .The dinner fare will be a delightful buffet of French cuisine favorites, and will be paired with wine before the presentations and dessert after. The cost is $85.00 for non-members and $45.00 for members.

Sincerely,
MIT Enterprise Forum of Washington DC/Baltimore

PRESS CONTACT

MIT Enterprise Forum

410-905-3564

MIT Enterprise Forum of Washington DC & Baltimore’s Annual Gala 2011

Celebrating Startups!

THE PROGRAM

Dinner & French Wine

Main Hall 6:00-7:15 pm

Program

Auditorium 7:30-8:30 pm

Moderated by

Halima Aquino, Chair, MIT Enterprise Forum of DC & Baltimore


Welcome

Ambassador, Embassy of France (Invited)


Introduction to the MIT Enterprise Forum

Halima Aquino

MIT Enterprise Forum Entrepreneurial Success Stories
Moderated by Ira Gershkoff, MITEF Vice Chair

  • Scott Sklar, CEO, The Stella Group
  • Ven Chava, CEO, AirArts


President Barack Obama’s Startup America Initiative

Tom Kalil, Office of Science and Technology Policy (OSTP) Co-lead Agency Review Team at Presidential Transition Team, The White House

Startup America Partnership Initiative
Scott Case, CEO

French Commercial Trivia Competition
Fredric Abramson, CEO AlphaGenics

Main Hall

9:00-10:00 pm

Coffee & Dessert


Closing Remarks


StartupAmerica

French Embassy
KREDI NVTC
Shapiro SherNZCIT
Red HewellProVDNteqcornerJohns Hopkins

MIT Enterprise Forum of Washington DC & Baltimore
4301 Wilson Blvd.
Arlington, Virginia 22203

Entrepreneur Start-Up Lab on Sustainable Technology Development at 6:30 PM on 6-15-10 at NRECA Headquarters in Arlington, VA with Dr. BP Agrawal, Ashoka, IFC, Egg Energy & Tseai Energy & Herb Simmens

In angel Investor, biofuel, Bioscience, cleantech, Energy, entrepreneur, Environment, finance, greentech, investment, Science, Sustainable, Technology, technology transfer, Venture Capital on June 12, 2010 at 3:08 pm

MIT ENTERPRISE FORUM OF WASHINGTON DC & BALTIMORE’S
ENTERPRISE START-UP LAB: Sustainable Technology Development

June 15, 2010 from 6:30 to 9:00 PM at NRECA 4301 Wilson Blvd. Arlington, VA
Many issues face sustainable entrepreneurs. Financial challenges are only one of the many hurdles companies deal with. Social elements, customs, power struggles are among the many elements will be considered by entrepreneurs. This evening’s event focuses on the sustainable companies and the entrepreneurs who start them. Panelists from the NGO & Venture communities will provide feedback from their perspectives.
FEATURED GUEST:

  • BP Agrawal is founder and president of the nonprofit corporation Sustainable Innovations which seeds change, nourishes change, and harvests change. Dr. B.P. Agrawal of Sustainable Innovations has won both the $100,000 Lemelson-MIT Award for Sustainability and the 2010 Energy Globe World Award for his community-driven rainwater harvesting system.

PANELISTS:

  • IFC Senior Investment Officer in Clean Energy Corinne Figueredo
  • ASHOKA Managing Director Stuart Yasgur,
  • Agora Partnerships Managing Partner Ben Powell
  • Angel Investor Herb Simmens

ENTREPRENEURS :

  • EGG Energy Founder Alla Jezmir. Since June 2008, a multi-disciplinary team from MIT and Harvard has been working on an innovative solution to bring affordable power to communities in the developing world. Their goal is to bridge the power distribution gap that keeps 1.6 billion people worldwide in the dark.
  • Tseai Energy Unlimited Founder Trevor Young Tseai Energy Unlimited was the undergrad biz plan competition winner last year at UMD. TEU has merged the entrepreneurial spirit with social development and created a sustainable business model that allow underdeveloped communities to produce their own electricity and simultaneously develop their economies. (http://www.mtech.umd.edu/news/press_releases/bpc09_release.html and focuses on

RSVP:http://mitef.org/content.aspx?page_id=87&club_id=582681&item_id=98794

CREATIVE BRAINSTORMING THE MIT WAY

In entrepreneur, Environment, finance, investment, Science, Technology, technology transfer, Venture Capital on April 6, 2010 at 11:29 am

Idea Explorer | MIT World.

This WONDERFUL WATERFALL OF WORDS reflects the range of ideas and concepts discussed at the Massachusetts Institute of Technology.  In keeping with the MIT tradition, the word count is infinite, as new words and ideas are added every day. Want to brainstorm? Go to the site and click on an idea and watch a video on the topic.

GOT AN IDEA? Add it to the infinite list and watch a video on the topic...

Bloom Energy: This Handheld Can Power a House

In angel Investor, biofuel, Bioscience, cleantech, Energy, entrepreneur, Environment, finance, investment, Power Grid, Solar, Sustainable, Technology, Venture Capital on February 24, 2010 at 6:34 pm

Today’s Press Conference (February 24, 2010)

For Full Story About Bloom Box (Click Here): THIS HAND HELD CAN POWER A HOUSE

THE BLOOM BOX is a ground-breaking fuel cell start up company (founded in 2002) that has generated a lot of venture capital and media buzz recently. The company has been testing and refining its stand alone fuel generating capabilities for the past few years at several large corporate headquarters, including eBay (EBAY), Google (GOOG), Wal-Mart (WMT), FedEx (FDX), and Staples (SPLS). Bloom Box’s chief scientist and company co-founder, KR Sridhar (see bio below), a 49-year-old scientist-turned entrepreneur,  was profiled on the popular CBS TV show 60 Minutes this past weekend (2-21-10) to build excitement for an all-star, corporate news breaking event on Wednesday (February 24, 2010) at eBay (EBAY) headquarters in San Jose in Silicon Valley.

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Testimonials:

  1. Patrick Pichette (CFO of Google) included. “For us it’s been really transformative…” he said. Google’s Bloom Box is powering an R&D center.
  2. Simon (of Wal-Mart): Bloom Boxes are carrying 60-80% of our energy needs at peak in the buildings where they’re installed.
  3. Coke’s President Brian Kelly: We have aggressive goals. We need clean, reliable energy sources that meet customer and community demand. One of the very aggressive goals we have is to measured our carbon footprint and want to reduce it by 2015 . Bloom box is powering a 1/3 of an Odwalla plant.
  4. Rob Carter CIO and executive VP @ FedEx. –what was the idea of putting this in our Oakland, CA hub?
    A: We wanted to change the way the world works. This is something cool. Bloom array matches the power of the solar, and is helping us get 100% off the grid.
  5. Bill Simon of Wal-Mart. What led you to decide to put these in your operation?
    A: Simon: We aspire to power our buildings in the 100% renewable energy. And in order to do that, it has to be profitable–first and foremost. This is an opportunity to do both those things. We also have scale. The opportunity to provide it for everyone at less cost is a goal of ours.
  6. eBay chief John Donahoe says Bloom is “disruptive” just like eBay was. We put solar in, 65,000 feet of it, which powers 18% of our campus on peak. But then we ran into Bloom. Put it in last July, and it’s powering 15% off those 5 boxes.

Q: WSJ asks “have you conducted third party cost analysis?”
Sridhar: Customer proof points. Public companies, costs have been scanned. 10 year life that’s warrantied through Bloom Energy.

Q: NBC asks “is there a particular kWh cost?
Sridhar: Says $.09-.10 per kwh. Customers save compared to grid.

Q: Forbes asks ‘Does $.09-.10 include CA tax cut?
Sridhar says it includes all of the costs. And that no systems installed outside of CA.

MIT Enterprise Forum Gala 2010 at the Canadian Embassy in Washington, DC

In angel Investor, cleantech, Energy, entrepreneur, finance, investment, Science, Technology, technology transfer, Venture Capital on February 22, 2010 at 7:08 pm

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The MIT Enterprise Forum (MITEF) of DC & Baltimore’s  2010 Gala on February 18, 2010 was an event to remember for 150+ small and medium entrepreneurs and the larger companies, VCs, Angel Investors and service providers who support and mentor them.

In a town where skepticism is rampant and who you know sometimes seems more important than what you know, the MIT Enterprise Forum of DC and Baltimore refreshingly brought together inspired professionals with knowledge, leadership and hope for the future to talk about international cooperation in launching and growing science based technology businesses. The Gala was held at the beautiful Canadian Embassy on Pennsylvania Avenue and it marked MITEF’s first DC based event. The glass windows of the Embassy looked out onto the Capital which provided a terrific backdrop for the distinguished gathering. One hundred and fifty entrepreneurs, scientists, venture capitalists and service-providers spent three hours mingling and eating, listening and asking questions of two fascinating keynote speakers with first hand knowledge about policy and the investment realities for Canadian and American businesses.

MITEF Gala program


This year’s theme was “Growing Opportunity for Technology Entrepreneurship in Domestic and Emerging Markets: The Role of Innovation in Economic Development” and was chaired by Patrick Mellody, a Director on the MITEF Board.  Jean-Luc Park, the MITEF Chairman and an Associate at the Calvert Fund moderated.

Jean-Luc Park Chairman Chapter of the MITEF of DC & Baltimore

The two keynote speakers were Jean-René Halde of the Business Development Bank of Canada & Phil Auerswald, founder and co-editor of the MIT Innovations Journal (along with Iqbal Quadir, Founder of Grameen Phone) and Associate Professor at George Mason University. The question and answer period went on for 30 minutes which indicated that people were truly engaged with both Jean-René Halde and Phil Auerswald.

Jean-René Halde’s visit with the MITEF was part of a larger business trip to the United States. Mr. Halde told the crowd that he was enjoying his trip and had enjoyed productive meetings with the heads of several private and public American institutions in Washington, DC. As CEO of the Business Development Bank of Canada, Jean-René’s primary goal is to invest in and promote entrepreneurial activity in Canada. He does this with tremendous support from the Canadian government. He is enthusiastic about the many successful entrepreneurial partnerships between American and Canadian companies. Mr. Halde also shared what he believes are new opportunities in a difficult economic environment. Mr. Halde ended the evening by  showing his Canadian pride as this year’s sponsor of the Olympics. He generously awarded several pairs of red mittens adorned with the Olympic symbol to several lucky attendees.

Phil Auerswald came to the Gala hours after meeting with leaders at the Clinton Global Initiative in New York. Mr. Auerswald brought a fresh new perspective to the MIT Enterprise Forum. He asked entrepreneurs to think globally as they create new entrepreneurial partnerships and establish new markets for their products. He asked them to engage foreign nationals to learn more about partnership opportunities in international markets. He also asked entrepreneurs to become more politically involved to protect their interests and grow their range of opportunities both at-home and abroad.

All in all- the evening was a tribute to the spirit of innovation and broad international entrepreneurial partnerships. Event Sponsors included The Canadian Embassy, Honeywell, Connolly Bove Lodge & Hutz, LLP and ProVDN

_______________________________
About The MIT Enterprise Forum
Open to all since 1981, the Enterprise Forum® has promoted the growth, education, and success of the entrepreneur and business community of the greater Washington & Baltimore area.
The MITEF is a non-profit, volunteer organization, it provides exceptional quality events that are open to the public.  Its many programs are targeted to local start-ups, high technology businesses, venture capitalists, angels, and the professionals who support them.

The DC  chapter is one of a network of 24 worldwide chapters of the Enterprise Forum , which was created as an outreach educational program of the Massachusetts Institute of Technology (M.I.T.).  Participation and membership by the general public, regardless of their affiliation, is encouraged.

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The Author, Halima Aquino, is a Director on the Board of the MIT Enterprise Forum. She was also last year’s Gala Chair and this year’s Vice Chair. Halima is the Founder of Bolton Hill Consulting and Clean Tech Market Maker.

Photography and videos supplied by Allan Tone at ProVDN

Video & Press Briefing: Todd Stern, Special Envoy for Climate Change, United States Department of State DOS

In biofuel, cleantech, Energy, Environment, greentech, Science, Sustainable on February 17, 2010 at 12:15 pm

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This article contains two presentations by Todd Stern, Special Envoy for Climate Change at the U.S. Department of State. The first is a video presentation that he made at the Center for American Progress. The second is a Press Briefing that he gave February 16, 2010 at the State Department. He discusses the road forward despite some obvious setbacks at Copenhagen. He is optimistic about the possibilities and continues to work for positive changes that will protect the global environment.

Video

Todd Stern, US State Department’s Special Envoy on Climate Change at the Center for American Progress

In February 2010, Todd Stern, U.S. special envoy for climate change, spoke about the lessons of the COP-15 summit in Copenhagen last December, the significance of the Copenhagen Accord that was negotiated there, and the path forward over the coming year and beyond. This was Stern’s first public speech since the January 31 deadline for inscribing mitigation targets and actions in the Copenhagen Accord. An expert discussion panel follows the address.

Introductory Remarks: John Podesta, President and Chief Executive Officer, Center for American Progress

Featured Speaker: Todd Stern, Special Envoy for Climate Change, United States Department of State

Featured Panelists:

  1. Jennifer Haverkamp, Managing Director for International Policy and Negotiations, Environmental Defense Fund
  2. Andrew Light, Senior Fellow and Coordinator for International Climate Policy, Center for American Progress

Location: Center for American Progress, 1333 H St. NW, 10th Floor, Washington, DC 20005

Transcript: Press Briefing by the Special Envoy for Climate Change Todd Stern


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Todd Stern
Special Envoy for Climate Change
Washington, DC
February 16, 2010

Briefing by the Special Envoy for Climate Change Todd Stern
MR. TONER: Good afternoon. We’re very pleased to have Special Envoy Todd Stern here today to give us the lay of the land on international climate negotiations post-Copenhagen. As you know, in late January, the U.S. announced that it submitted its pledge to limit or reduce greenhouse emissions under the Copenhagen Accord, as did all of the world’s major economies. These countries represent more than 80 percent of global emissions and this constitutes an unprecedented step forward in the global effort to combat climate change.
With that impressive statistic in mind, I’ll hand the podium over to Todd Stern, who has about 20 minutes to answer your questions.
MR. STERN: Hello, everybody. Pleased to be here today. I’m just going to be very brief at the top and open it up for questions for you all.
Where we stand right now is – as you all know that Copenhagen meeting produced, in the end, a short document which is known as the Copenhagen Accord, we think a very important – short but important document that was produced very importantly through the intervention of leaders, a great number of leaders from countries there. It was, at the end of the day, not formally adopted as a decision of the – decision being a term of art – of the Conference of the Parties, but was supported by the overwhelming number of them.
The fact that it wasn’t formally adopted has led to a process since Copenhagen where countries essentially conveyed to the secretariat of the UN convention their interest in being part of it; the UN term is to associate itself with the accord. And in addition, the major countries, major economies have submitted their targets or actions that they plan to take to reduce emissions. So this is the developed countries and the major developing countries. That was supposed to happen by January 31st and it did.
We now have slightly less than a hundred countries that have indicated they want to be part of the accord, and my guess is there will be still some additional ones who indicate that. The accord itself, I think, is an important document for a number of reasons. It includes – it quantifies the objective of this whole exercise of the Framework Convention. The objective, as stated in the convention, is to – essentially to avoid dangerous climate change and the Copenhagen Accord quantifies that by talking about limiting the increase in temperature to 2 degrees Centigrade. It includes a pledge by the major economies to submit their targets and actions. It includes important stuff on – important language on transparency, important provisions on financing, and on technology. So in – all in all, I think a very important step forward.
The – going forward this year, I think will be a combination of both of making elements of the accord operational as well as further discussions under the umbrella of the UN Framework Convention toward additional agreements in Mexico. So that’s kind of where things stand right now. I’m happy to take questions.
QUESTION: Sean Tannen with AFP. You alluded to this a little bit in your talk at the Center for American Progress —
MR. STERN: Yeah.
QUESTION: — the other week. The commitments by countries like China, India, Brazil, South Africa aren’t necessarily unambiguous. How do you see that going forward, unless there’s a clear commitment by those emerging economies?
MR. STERN: Well, I think that that’s going to get clarified. I think that, first of all, they have all submitted their proposed actions and there’s nothing ambiguous about that. They have submitted the actions that they intend to take to reduce emissions. I think that’s a good thing. So far, I believe Brazil and South Africa have stated to the – have conveyed to the secretariat that they wish to be associated with the accord. And China and India have conveyed something which is not entirely clear. I think that’ll get clarified, though, is my guess over the course of the next few days.
There will be – the way this thing works is that the secretariat publishes a report on the COP, the Conference of the Parties. They do this every year when there’s a Conference of the Parties. After a couple of months, they publish a report, essentially, on the proceedings, what happened. And the report includes all of the decisions that were taken. One of those decisions was a decision to take note of this Copenhagen Accord. And so as part of that decision, the accord itself will be published. And on the front page of the accord, there will be a list of all the parties who have said we want to be part of this.
And so I think that that’s something that will presumably happen reasonably soon, and I would expect that all of the major countries will be part of it at that point.
QUESTION: Can I just follow up briefly? But would there be a risk to the accord itself unless there is more clarity from these emerging economies?
MR. STERN: I think it’s important that the major countries be part of it, but I – again, I think that we have close to a hundred countries now. So I think that the accord is already kind of gathering steam.
Yes.
QUESTION: If India and China, turn out – don’t associate themselves with it, is there any possibility that the U.S. would pull out, essentially?
MR. STERN: No.
QUESTION: Not at all?
MR. STERN: No. I mean, I think that the U.S. is – we have put forward our own submission. It’s consistent with what President Obama announced back in November. So I don’t think it’s a question of the U.S. saying “Never mind.” I don’t think – that’s not the plan.
Yes.
QUESTION: Lalit Jha from Press Trust of India. Just a follow-up question. What you said is not clear about China’s and India’s proposals?
MR. STERN: The proposals are clear. This is a little bit confusing. I don’t want anybody to be confused. The proposals that they’ve all made with respect to “Here’s what we’re going to do,” perfectly clear. There is a second piece of this which is do you, quote “associate yourself with the accord,” and in effect, will you be one of those hundred-plus countries that are listed on the front page of the accord as having said “Yes, we want to be part of it.” That’s the piece that I’m talking about right now, and that’s – as I say, there’s just slightly less than a hundred countries that have said that. India and China have said something close to that, and I think the UN is just trying to make sure that they understand what the intention is.
QUESTION: Now my question about – India has distinctly announced that they will set up their own IPCC because they believe that the UN’s IPCC is not that realistic, that they are a bit confusing and it’s – they’re not reliable. What’s your opinion on that?
MR. STERN: Well, look. I think it’s a good thing for countries to have an active scientific effort. I don’t know what the details are. I don’t know what Minister Ramesh or others in India have in mind. But I think, obviously, the United States has all sorts of scientific work that we do through our various agencies of the U.S. Government. So I think that’s all a good thing.
I think the IPCC as an institution has made a very large contribution and I think it’s an important body that will continue and that is very representative of countries all over the world. So I don’t know what – I’m not familiar with the specifics of what India —
QUESTION: He was talking about – Minister Ramesh was talking about recent controversies about Himalayan glaciers.
MR. STERN: About what?
QUESTION: About Himalayan glaciers and the – some of the facts and figures in the IPCC report which has raised a lot of doubts.
MR. STERN: Right. Well, look, as I said, I think the IPCC is a very important body. I think it’s made a very important contribution. To the extent that there were any – that any errors appear in their lengthy report, I think that’s regrettable. But again, I’m not – I don’t have any – I’m not a scientist and I don’t have any considered view on the specifics. But I think the IPCC as an institution has been quite important and will continue to be important.
QUESTION: Can I follow up on that, actually? How much more difficult has your job been since the errors in the IPCC report came to light, both globally and –
MR. STERN: It was difficult already. (Laughter.) No, look, I think that the scientific underpinning for action on climate change, the fundamental science of climate change and the observed data, is quite overwhelming. I think that to the extent – and again, I make no comment one way or another about whether they’re mistakes – I just don’t know. But to the extent that there were any mistakes in the IPCC report, reports, assessments, or anywhere else, that’s regrettable. You don’t want there to be mistakes.
But what should not happen is that any individual mistakes, typos, whatever they might be, be taken to undermine the very fundamental record that exists from scientists all over the world and from observed data from all over the world that this is a quite serious and growing problem. So I think that that’s really the kind of underlying important point.
And nor should – and I think what you do see sometimes is that people who have an agenda that is directed toward undermining action on climate change grab whatever tidbit they can find and say, look, there’s no climate change, it snowed last week in Washington, there’s no climate change. That kind of stuff is nonsense. And the exploiting of this or that mistake that might have occurred in some part of long reports that pull together a lot of scientific data, again, I think is – I think it needs to be seen for what it is, which is a deliberate attempt to undermine. The fundamentals haven’t changed.
QUESTION: Andy Quinn from Reuters. I was hoping you could talk a little bit after Copenhagen how you see the UN’s role in further negotiations about climate change and that of the Major Economies Forum. And do you have any word on when and where the next meeting of the MEF might be?
MR. STERN: Well, two things. I think the UN absolutely has an important role going forward. I think that there are obviously – anybody who was at or closely following Copenhagen can see that there are challenges with respect to managing a big process like that, particularly one with – where a small group of countries can block actions. That is certainly difficult, but it is – the UN has a special level of credibility and history in this and we support the UN process.
The Major Economies Forum, I think, was a very useful exercise last year, a useful forum, a useful body that we really picked up from the previous administration and then kind of remodeled. So we have every intention of continuing that this year. I am quite sure that we will have a meeting this spring. We haven’t set the exact date or the place yet, but I would anticipate that we will be working with our Major Economies Forum partners to set up a meeting in the relatively near term.
And I might say that in the fall we began a practice of inviting a few additional countries to participate who were important countries but not necessarily majors in terms of their economies. And I think that that was a useful process that we began in – I can’t remember if it was September or October, but we started it in the fall. And I would guess we’ll probably continue something like that as well.
QUESTION: (Inaudible) broaden the guest list even further?
MR. STERN: A little bit. A little bit, but not to a large extent.
Yes.
QUESTION: Sort of related to his question, is there any coordination between your office and the Trade Representative’s office, folks at Commerce, folks at Treasury, in trying to deal with some of the economic concerns that some countries might have about trying to limit their economic output that might have an impact on the rise in temperatures globally?
MR. STERN: Well, two things. We coordinate with everybody. I mean, this is not just a State Department exercise. It’s a government exercise. We – for starters, we coordinate very closely with the White House, obviously with the President but also with people in the NSC and the climate and energy office over there. And we coordinate a lot with Treasury and EPA and Energy and Commerce and other places. So this is a broad government effort where, of course, on the diplomatic side, State’s in the lead, but there’s a lot of coordination just in general.
With respect to the question of countries who need to play a role and who have concerns about that, we interact, we discuss those issues with the countries – with countries in that kind of a position a lot. I think that USTR is also an agency that we certainly do work with. Look, there’s kind of a basic underlying reality here, which is that countries in the sort of emerging market category of countries, which is really what you’re talking about, they have to be part of the solution in dealing with this problem.
If you only look at developed countries, you’re at about 40, maybe – somewhere between 40 and 45 percent of total emissions and shrinking. And if you’re trying to deal with the 80 or 85 percent of emissions and growing, you’ve got to bring in China and India and Brazil, other countries like that. You have to do it in a way that is mindful of their own needs for development, but those things can be reconciled and they have to be reconciled or else there’s no way to deal with the problem.
MR. TONER: Okay, just a couple more questions.
QUESTION: On the difference between associating with the accord and commitments for the accord –
MR. STERN: Yeah.
QUESTION: — Yvo de Boer earlier, a few weeks ago, said that there – that the January 31 was a soft deadline. Are – do you know what the number of countries is that have made commitments for the accord?
MR. STERN: Yeah. Well, I mean, I know that Yvo said that, but the reality is that the countries who were expected to make those commitments did so by January 31st. I think somebody might have been February 1st, but basically it was done by January 31st. And those countries are the developed – all developed countries, so U.S., Europe, Japan, New Zealand, Australia, Canada, et cetera; and the major developing countries, so that’s China, India, Brazil, South Africa, Indonesia. Korea and Mexico are kind of in a halfway house, but they’re still traditionally considered developing. And there are some additional countries. I don’t have them at the – at my fingertips. There’re some additional countries that would not necessarily be considered majors but who nonetheless did step forward and make their own commitments with respect to actions.
So that piece of it is basically, in terms of meeting the deadline, that got done. That’s done.
QUESTION: Okay.
MR. STERN: So now we’re just in the world of what countries are going to be reflected as part of the Copenhagen Accord.
QUESTION: Okay. And in relation to that, what are the next steps in the accord process?
MR. STERN: Well, there’s —
QUESTION: — leading on to COP (inaudible)?
MR. STERN: Yes. So there were these two steps we’ve already just talked about, the making your commitments and the associating, which is – that part – not quite over yet. Beyond that, there are a number of elements in the accord that, by their terms, need further elaboration. So it calls for a global fund. All right, well, then you need to set up – set the fund up. You need to – there’s a structure, there’s mechanics, how the fund will work. It calls for technology mechanism. All right, what does it look like? Does it look this way or this way or how – what is it – what are the elements of the mechanism?
A very important provision about transparency, including with respect to developing countries, including with respect to actions they take on their own as opposed to just actions they take when they’re funded. Very important stuff there. And in paragraph five of the accord, it talks about further guidelines to spell out those transparency provisions. Okay, that needs to get done. So there are probably four or five elements of the accord that need further work, and I think that that – that those things need to be carried forward. The first piece of that that got announced was a high-level panel or group, advisory group, I think it’s called, on financing that Ban Ki-moon announced just Friday.
QUESTION: (Off-mike.)
MR. STERN: That’s under – I think it’s paragraph nine of the accord that talks about setting up a high-level panel to do a study on potential sources of income toward realizing that goal of $100 billion by 2020. All right. So they’ve now announced that panel. I think there’s a couple of members from different countries, including ours, that haven’t been announced yet. But that’s underway and there’ll be other elements of that that I think as time goes on will get – will be – will get underway as well.
MR. TONER: Any more questions? Go ahead.
QUESTION: We’ve heard that several companies – BP, Conoco, and Caterpillar – dropped out of the Climate Action Partnership. I’m wondering if you can talk specifically about that, if you know about it. Is it a blow to that side of the equation? And more specifically, how do you feel that business is – I mean, do you think that there is some concern that business interest in this whole process is waning?
MR. STERN: I don’t know anything about that – about the specifics, so I’m not going to comment on that. I think – it’s interesting. I think that overall business interest and focus on this issue is growing gradually and that that will continue, because whatever the ups and downs of this process at any particular moment, there is only one direction that this process can go, which is in the direction of action to reduce emissions. I hope we get there – I very much hope we get there sooner rather than later and we will be doing everything we possibly can to advance that goal. But whether it’s sooner or later, it’s coming. Businesses get that. Businesses need to plan for not just – businesses don’t drive by looking right over the head of the car, they look down the road, and this is coming. So I think that that will grow.
Thank you.

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2010 Goldman Sachs Making Up To $1B Investment in Renewable Energy

In agriculture, biofuel, Biotechnology, cleantech, construction, Energy, entrepreneur, Environment, finance, greentech, investment, Solar, Sustainable, Venture Capital on February 11, 2010 at 3:36 am

Goldman Sachs Environmental Policy Framework

In mid- January (see Bloomberg) Goldman Sachs Group Inc. said that shortages will reappear in the crude oil market as supply fails to keep pace with a recovery in demand. Global oil consumption will return to levels seen before the financial crisis by the third quarter of this year, Goldman analyst Jeffrey Currie said in a presentation in London.  At the same time, projects to bring new oil to consumers are still lagging as a result of the credit crunch, he said. By 2011, the market is back to capacity constraints…The financial crisis created a collapse in company returns which has significantly interrupted the investment phase.”

Goldman Sachs is aggressively seeking market making opportunities in environmental markets. The policy framework that they have laid out explains both their investment strategy and an underlying commitment to protect the environment and indigenous populations. Their specific interests in wind, water, solar, alternative biofuels and sustainable forestry related products are detailed below along with references to existing partnerships and hints of future commitments.

Goldman Sachs “seeks to make a significant positive contribution to climate change, sustainable forestry and ecosystem services through market-based solutions.”

In their own words-  Goldman Sachs’ core competencies include

Goldman Sachs will aggressively seek market making and investment opportunities in the environmental markets described below.

These are Goldman Sachs’ stated objectives:

  1. They intend to be  a leading U.S. wind energy developer and generator through their recently acquired subsidiary, Horizon Wind Energy (f.k.a. Zilkha Renewable Energy).
  2. They will make available up to $1 billion to invest in renewable energy and energy efficiency projects.
  3. They will evaluate opportunities and, where appropriate, encourage the development of and participate in markets for water, biodiversity, forest management, forest-based ecosystems, and other ecosystem features and services.
  4. They will continue to devise investment structures for renewable energy and invest alongside our energy clients, such as our wind energy partnership with Shell Wind Energy and our solar energy fund with BP Solar.
  5. They will explore investment opportunities in renewable and/or cleaner burning alternative fuels such as renewable diesel (such as our investment in Changing World Technologies), ethanol and biomass.
  6. They will seek to make investments in, and create financing structures to assist in the development and commercialization of, other environmentally friendly technologies.

Equator Principles

The Equator Principles serve as a framework for determining, assessing, and managing environmental and social risk in project financing, based on the policies of the World Bank and its private sector arm, the International Finance Corporation. Goldman Sachs will seek to apply the general guidelines to debt and equity underwriting transactions, to the initiation of loans and to investment banking advisory assignments where the use of proceeds is specified to be used for potentially

Goldman Sachs says that they will not knowingly finance

  • Any project or initiate loans where the specified use of proceeds would significantly convert or degrade a critical natural habitat.
  • Extractive projects or commercial logging in World Heritage sites.ii
  • Companies or projects that collude with or are knowingly engaged in illegal logging
  • Projects that contravene any relevant international environmental agreement which has been enacted into the law of, or otherwise has the force of law in, the country in which the project is located.

Goldman Sachs prefers to

  • Only finance preservation and light, nonextractive use of forest resources for projects in forests whose high conservation values are endangered.iii
  • Develop due diligence procedures around key environmental issues for use in evaluating potential financings.
  • Protect the highest conservation values in forests with respect to its execution of financings in the logging and forest products industries.
  • Use a Forest Stewardship Council or a comparable certification when they finance forestry projects that impact high conservation value forests.
  • Examine whether clients process, purchase, or trade wood products from high risk countries and will encourage such clients to have certifiable systems in place to ensure that the wood they process, purchase or trade comes from legal sources.
  • Provide training, as appropriate, to our employees on environmental issues and practices.
  • Develop training sessions and provide the tools necessary to make informed decisions.
  • Finance projects in indigenous areas where free, prior informed consultation results in support of the project by the affected indigenous peoples.

China’s Power Sources & Clean Energy Technologies Are Expanding: Some Companies to Know About

In agriculture, biofuel, Biotechnology, china, cleantech, Energy, Environment, finance, greentech, investment, maintech, Power Grid, Science, Sustainable, Technology, Venture Capital on February 11, 2010 at 2:23 am

China, the world’s largest polluting nation, is working with international organizations and private industry to develop cleaner energy models to combat climate change and meet demand for power in an economy that expanded 10.7 percent in the fourth quarter 2009.

By 2020, China aims to use 10 million tons of bioethanol and 2 million tons of biodiesel, replacing 10 million tons a year of petroleum-based fuel, Chen Deming, vice chairman of the National Development and Reform Commission, told a news conference.

The companies described here are not meant to be a complete list of Chinese companies engaged in clean energy nor is Bolton Hill Consulting, Ltd. making any specific recommendations with respect to these companies. The descriptions are provided here for information purposes only to help companies unfamiliar with China’s clean energy interests to better understand the rapidly changing landscape and some of the pivotal players in China.

The companies described below are powerful in China or have shown rapid growth. They may be working with American and European companies or they are likely to do so in the near future. These companies are acquiring foreign companies, setting up subsidiaries, developing new technologies and making innovative use of existing technologies.

A Large Scale Demonstration Project: China Renewable Energy Scale-up Program (CRESP)

The CRESP program was developed by the Government of China (GOC) in cooperation with the World Bank (WB) and the Global Environment Facility (GEF). Together, these entities have been implementing the Renewable Energy Scale-up program for China which aims to create a legal, regulatory, and institutional environment conducive to large-scale, renewable-based electricity generation in two Chinese provinces. The Institutional Development and Capacity Building component includes: Mandated Market Policy MMP research and implementation support; technology improvement for wind and biomass; and long-term capacity building.

  • In Fujian, a 100 MW wind farm at Changjiang’ao, Pingtan Island. The Pingtan wind farm will consist of wind turbines, associated civil and electrical works, an extension to an existing control room, a switchyard, and a 15 km, 110 kV transmission line from the wind farm to the Beicuo substation, which will be upgraded to meet the evacuation needs of the wind farm. In Jiangsu, a 25 MW straw-fired biomass power plant at Mabei Village, Rudong County.
  • The Rudong power plant will consist of one 110 ton per hour, high-temperature, high-pressure strawfired boiler, one 25 MW steam turbine, and associated mechanical, electrical, and civil works.

Get to Know These Companies:


1. China Huaneng Group Corp, China’s Largest Power Producer

  • The company may be planning to take its wind power unit public in a Hong Kong share sale this year worth at least $1 billion, said people familiar with the plan.

2. China Power Engineering Consulting Group Corporation or “The Group”

  • “The Group” is active in developing new clean technologies and leads the country not only in design of conventional thermal power plants, transmission and substations.
  • The Group Corporation has also carried out widespread international exchange and cooperation with many foreign enterprises groups and engineering companies.
  • The Group Corporation plays leading role in scientific research, standardization and technical information for power survey and design, undertakes new technological research and development, introduces, assimilates and innovates new technologies.

3. China Southern Power Grid Corporation Ltd.: Managing China’s Grid

China Southern Power Gird Corporation is administered by the central government,with independent budgetary status.The total assets of the new power gird operator surpass 203.8 billion yuan(US$24.10billion) and its registered capital is 60 billion yuan (US$7.23billion).Its main responsibilities are:to operate and manage power gird according to the law,ensure reliable power supply,plan the development of regional power gird,foster regional power market,manage power dispatching and trading center,and carry out power dispatching according to power gird operation laws and the market regulations.

4. China SDIC Power: Received Largest Capital Injection of Power Assets ever

China SDIC Power’ takeover of power assets from its controlling shareholder, State Development and Investment Company, for a consideration of RMB 7.69 Bn. After the transaction, SDIC power assets achieved a whole listing. This deal was the largest capital injection to a listed company by its controlling shareholder in 2009, and the largest capital injection of power assets ever. Along with the commission of a number of key power projects, such as cascade hydropower stations in the Yalong River Valley and Tianjin million-kilowatt extra supercritical thermal power station-a pilot project of circular economy, the total installed capacity of SDIC will reach 50000 MW by 2012, with total assets of SDIC’s power business exceeding RMB 140 billion.

Wind Power in China

  • Chinese wind power capacity doubled for the fifth time by end of 2009, to 25.1 gW by the end of 2009, a third of the global additions in the previous 12 months, according to the Global Wind Energy Council.

5. China Longyuan Power Group Corp, China’s Biggest Wind-Power Producer in December raised HK$20.1 billion in the world’s second-largest alternative energy initial public offering (IPO) since at least 1999, according to data compiled by Bloomberg.

6. Xinjiang Goldwind Science & Technology Co 002202.SZ,: Growing Chinese Wind Generator Manufacturer- The Group’s principal activities are manufacturing, marketing and selling large-sized wind generator sets. Other activities include introducing and applying wind generating technology; manufacturing and selling parts of wind generating sets; providing consulting services in building and operating wind generating plants; building and operating middle-sized wind generating plants. This company is already listed in Shenzhen, aims to raise $1.5 billion from a Hong Kong IPO in the first half of this year, sources told Reuters earlier.


Biofuel in China:


By 2020, China aims to use 10 million tons of bioethanol and 2 million tons of biodiesel, replacing 10 million tons a year of petroleum-based fuel, Chen Deming, vice chairman of the National Development and Reform Commission, told a news conference. “In the future, all the biofuel production will use non-grain crops,” Chen said.

7. China Clean Energy (OTCBB:CCGY) : develops and manufactures biodiesel and environmentally-friendly specialty chemical products made from renewable resources through its subsidiaries, Fujian Zhongde Technology and Fujian Zhongde Energy. It’s new plant (Oct. 2009)  has been designed to produce up to 100,000 tons of biodiesel annually or a combination of as much as 40,000 tons of biodiesel and 30,000 tons of specialty chemicals.

8. Novozymes in China: laboratory and research facilities have now doubled in size Novozymes has a total of around 200 employees in Beijing, including 100 or so working in research and development. Lykke Friis, the Danish Minister for Climate and Energy:“The idea behind the extension is to strengthen our research into biomass for advanced biofuels, made from waste materials such as straw. Here in China we’ve entered into partnerships with two important players in the field, namely COFCO and Sinopec.” Novozymes to Announce Details on Cellulosic Ethanol Technology February 16, 2010 at NEC Conference

9. China Biodiesel Holding Corporation: leading product is Biodiesel, while the sideline-products are oleic acid methyl ester,C16C18 fatty acid methyl ester, coconut oil methyl ester. The main market is located in mainland China, but abroad channels are maturing, including Europe, East Asia, and North America.  They report that their current total capacity is now 100,000 tons per annum (Feb 2010)

SDIC’s Hydropower Projects


Along with the commission of a number of key power projects, such as cascade hydropower stations in the Yalong River Valley and Tianjin million-kilowatt extra supercritical thermal power station-a pilot project of circular economy, the total installed capacity of SDIC will reach 50000 MW by 2012, with total assets of SDIC’s power business exceeding RMB 140 billion.
Investment Projects
10. SDIC HUAJING POWER HOLDINGS CO.,LTD.
11. ERTAN HYDROPOWER DEVELOPMENT COMPANY,LTD.
12. SDIC YUNNAN DACHAOSHAN HYDROPOWER CO,LTD.
13. SDIC QINZHOU ELECTRIC POWER CO.,LTD.
14. JINGYUAN SECOND POWER CO.,LTD.
15. GANSU XIAOSANXIA HYDROPOWER DEVELOPMENT CO.LTD.