Capitalizing the Green Dream: Defining Challenges, Opportunities
At the Governors’ Global Climate Summit 3 in November 2010, Dean Currall led a panel discussion on commercializing clean technology with three thought leaders.
- Seethapathy Chander, Chair of the Energy Committee, Asian Development Bank
- Craig Cogut, Managing Partner, Pegasus Capital Advisors, R20 Financial Advisor
- Ambassador Richard Jones, Deputy Executive Director of the International Energy Agency, Paris, France
To avoid the worst effects of climate change, the world must shift to a clean energy economy within the space of only a few decades. Policymakers around the world are rolling out economic stimulus packages that promote green investment, but longer term, comprehensive policies are still needed. Most experts agree that annual investments in renewable energy, energy efficiency, carbon capture and storage need to reach half a trillion dollars by 2030. Public money alone will not be enough. It is vital for policymakers to engage the private sector to invest in low-carbon technologies and infrastructure. What are the opportunities and challenges of investing in cleantech? How can policymakers and the private sector engage to “Capitalize the Green Dream”?