2009 Copenhagen Mission

1. 2009 Copenhagen Mission • The existing legally binding agreement (the Kyoto Protocol) which governs carbon emissions expires in 2012 • Work on a new agreement to clarify four key issues around climate change: • Ambitious emission reduction targets for developed countries; • Nationally appropriate mitigation actions of developing countries; • Scaling up financial and technological support for both adaptation and mitigation; • An effective institutional framework with governance structures that address the needs of developing countries.

2. Accomplishment: Top 4 CO2 Emitters Announcements • China - Nov 26 • Cut CO2 emission intensity (CO2 per GDP) by 40%-45% from 2005 level • US Nov 25 • Cut GHG emissions ~17% below 2005 levels by 2020 • Dec 18 - EPA ruled on CO2 and other GHG as a toxic gas -The ruling allows regulation of planet-warming gases without legislation in Congress to regulate emissions from vehicle, power utilities and heavy industry under existing laws. • Indonisia - Nov 29, 2009 • A pulp and paper giant announced plan to create a ring of tree plantation around the Kampar peninsula’s core to preserve it to reduce annual carbon emission by 5%. • Brazil - Early Nov • Non-binding agreement aims to achieve a reduction of at least 36% on its carbon emissions by the year 2020 to near 1994 level

3. 2009 Copenhagen Accord • The Copenhagen Accord was drafted by the US, China, India, Brazil and South Africa on December 18, and judged a "meaningful agreement" by the United States government. • It was "taken note of", but not "adopted", in a debate of all the participating countries the next day, and it was not passed unanimously. • The document recognized that climate change is one of the greatest challenges of the present day and that actions should be taken to keep any temperature increases to below 2°C. • The document does not contain any legally binding commitments for reducing CO2 emissions. • Many countries and non-governmental organizations were opposed to this agreement.

4. References • http://unfccc.int/files/meetings/cop_15/application/pdf/overview_schedule_cop15.pdf • http://en.wikipedia.org/wiki/2009_United_Nations_Climate_Change_Conference • http://www.biochar-international.org/copenhagen • http://www.actoncopenhagen.decc.gov.uk/en/media-centre/negotiations/ • http://www.guardian.co.uk/environment/2009/dec/08/copenhagen-climate-summit-disarray-danish-text • http://www.actoncopenhagen.decc.gov.uk/en/ambition/achievements/december/8-dec-us-ruling-on-c02/ • http://www.carbonfund.org/blog/copenhagen/copenhagen-update-dec-9-2009/ • http://www.flickr.com/photos/powless/4181556761/ • http://www.reuters.com/article/idUSTRE5AP11H20091126

5. Who are the VC’s Most active • NEA • CMEA • Khosla Ventures • Kleiner Perkins, • NGEN Partners • DFJ • Foundation Capital • Quercus Trust • Others • Google Ventures, • Foundation Capital • Northgate Capital • Argonaut Private Equity • Exxon • Sequoia Capital • Foundation Capital • Fjord Capital • Mesirow Capital • Funding trends: • Middle stage rounds saw difficulty for less-than-profitable companies • Increase in early stage (>110 deals) series A and seed rounds

6. 2009 VC Funding • 2009 VC investment in green technologies totaled $4.85B, down from 2008’s $7.6B, in 356 deals, down from 2008’s $7.6B • Solar power Is leading at $1.4B in 84 deals, followed by biofuels at $976M in 44 rounds. • Silver Spring Network - $100M • Solyndra - $198M • Tesla Motors - $82.5M • Suniva $75M C round • Serious Materials - $60M Greentech Media Inc.