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Tuesday
Feb162010

Carbon War Room Debriefing

DateTuesday, February 16, 2010 at 11:22AM

It began with a phone call to Jigar Shah.  Jigar is the founder of SunEdison who married photovoltaics (PVs) to power purchase arrangements (PPAs) and lived happily ever after. After installing close to 100MW of solar panels atop the roofs of WalMarts and Kohls nationwide, SunEdison was sold to wafer manufacturer MEMC for $289M last November.  Jigar shared the financial chemistry that makes up PPAs and postulated how this would mix with energy efficiency measures rather than solar.  He referred Green Homes to several other bright lights who were noodling through these applications and the conversation continues.

Last year, Sir Richard Branson of Virgin Group fame founded the Carbon War Room (CWR) along with Craig Cohut, founding partner of Pegasus Capital, and Idan Ofer, chairman of Better Place and Zim Shipping.  Their “mission is to ensure the continued viability of life on this planet by developing a post-carbon economy.”  And Jigar Shah, as CEO, has been charged with bringing the good offices of the Carbon War Room to bear on the challenges of bringing energy efficiency to the built environment worldwide.  To that end, CWR hosted a summit in Vancouver during the first week of the Olympics consisting of financiers, sustainability officers, and not-for profit administrators from throughout the world.  Babylon was honored to be among the participants. 

WHY PARTICIPATE IN THE CHALLENGE?

v  The purpose of the Green Capital – Global Challenge is to get substantial private-sector money quickly flowing into energy efficiency and renewable generation projects in cities that are highly motivated and have the team and plan in place to make it happen.

v  The resulting city-led financing initiatives will bring economic development to their cities, create jobs, reduce energy costs for their residents and businesses; and enable achievement of their emissions reduction targets.

v  Figuring out what to do and what has worked well and poorly in other places is challenging for any stakeholder, so the Global Challenge is designed to provide substantial additional support to cities, financial partners, and solution providers in making this happen.

CARBON WAR ROOM’S ROLE

v  The Carbon War Room will put its weight of support behind the most ambitious teams in a ‘first wave’ of 5-10 cities, aiming to get deals completed by end 2010. It will also start to nurture the ‘second wave’ of 25-30 cities, for deal completion in 2011. The pace of development will be driven as much by the city as by Carbon War Room.

 

Tuesday February 16th — Day One

Location: Pan Pacific Hotel

Setting the stage for the Green Capital – Global Challenge

v  • Jigar Shah, CEO, Carbon War Room

0915-1015 A Perspective from City Leaders— What Cities Need in Order to Implement Energy Efficiency and Renewable Energy (EERE) Financing: Obstacles and Ideas for Resolution

Cities have yet to widely adopt EERE financing programs. This session will cover lessons learned and implementation challenges from the perspective of city leadership.

Moderator:

v  Sadhu Johnston, Deputy City Manager, City of Vancouver

Speakers:

v  Sandy Taylor, Head of Climate Change and Sustainability, City of Birmingham, UK

v  Dorian Dale, Energy Director and Sustainability Officer, Babylon, NY

v  Karoline Steen, Deputy Director of Sustainability and International Affairs, City of Copenhagen….

v  Wednesday February 17th– Day Two

v  0930-1000 Launch of the Green Capital — Global Challenge

v  The Green Capital – Global Challenge is a roadmap for accelerated city action to transform the built environment in time for the London 2012 Summer Olympics.

v  Speakers:

v  Gregor Robertson, Mayor, City of Vancouver

v  Sir Richard Branson, Founder of Virgin Group and Founder of the Carbon War Room

v  José María Figueres, Chairman of the Carbon War Room, Former President of Costa Rica and Former CEO of World Economic Forum

 



AuthorDorian Dale | Comment18 Comments |

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