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Capping Carbon A Business Perspective

Capping Carbon A Business Perspective. Rogers Weed Business Leaders for Climate Progress. Who is Business Leaders for Climate Progress?. Climate/ CleanTech Opportunity is huge and timely. Energy Industry in WA State is $15+B per year Need for change is now clear

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Capping Carbon A Business Perspective

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  1. Capping Carbon A Business Perspective Rogers Weed Business Leaders for Climate Progress

  2. Who is Business Leaders for Climate Progress?

  3. Climate/CleanTech Opportunity is huge and timely • Energy Industry in WA State is $15+B per year • Need for change is now clear • Where there is change, there is opportunity • We can lead the change and benefit or lag the change and pay WA State should absolutely lead in the development of the global CleanTech industry; we have all the key ingredients for success

  4. Economic Opportunity Equation Good Policy Growth! = Entrepreneurs + Capital +

  5. WA has plenty of local capital • Washington State VC’s have over $10B of capital under management • The Alliance of Angel Investors network: most active angel investing network in the US in 2006 • ~70,000 households in King County have a net worth of over $1million

  6. WA has plenty of entrepreneurs • Business Leaders for Climate Progress • IT Veterans moving to CleanTech • High per capita concentration of technically trained people

  7. Environment is right for smart policy • WA population “gets” the need • The problem/opportunity has been studied carefully • Now is the time to put a price on carbon and “solve” the CleanTech growth equation Good Policy Growth! = Entrepreneurs + Capital + ü ü ü

  8. Conclusion “Washington can aspire to being an energy service and product supplier to the world. . . Not only is the opportunity large - $180 billion globally between now and 2020 – but its benefits will be distributed across the state.” Economic Growth Opportunities for Washington State2005 CTED and WTC Report to the Legislature Let’s go make this happen!

  9. Thank You

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