As you may remember from our last post, Ambient CEO John Joyce moderated a great panel, entitled “The Green Economy”, at last week’s Platt’s Global Energy Outlook Forum: The World’s Quest for Clean Energy. The panel features some well-known and knowledgeable speakers, including Lauren Azar, Senior Advisor, U.S. Department of Energy; Roger Ballentine, President and CEO, Green Strategies; Britta Gross, Director, Global Energy Systems and Infrastructure Commercialization, General Motors; and Peter Huber, Senior Fellow, Manhattan Institute, and turned out to be a very spirited affair.
While the panel covered many topics, we wanted to highlight a few topics and provide some additional insight.
The role of the government in the building of a green economy, on a worldwide scale, was one of the most extensively discussed topics, and discussed extensively by both private-sector panelists and government-side speakers. The consensus was, for a green economy to flourish, there needs to be some governmental intervention. However, the extent and nature of that intervention is debatable.
Roger Ballentine of Green Strategies suggested he was “optimistic with touches of doom” related to the spawning of a green economy, but said that the government’s role is significant in what it does and doesn’t do. “The government needs to fix market failure and then get out of the way.” Yet at the same time expressed pessimism with regards to what Congress might do over the course of the next year.
On the other side, Lauren Azar of the Department of Energy expressed optimism in eventually getting to a green economy, but pointed out there is a significant fight going on in the US to make it happen, between “clean energy and dirty energy” and that is a battle that will surely continue for some time.
Technology was brought up frequently, and it seemed unanimous that technology and innovation will take a front row seat in the move to a green economy, as well as the move to greener industries. Exactly which technologies is anyone’s guess, but Britta Gross of General Motors echoed what most feel – it will not be any single technology that will save the economy or environment, but a mix of different technologies. We will add that those different technologies will span the entire spectrum of technology sectors – all areas must be focused on how to improve energy production, distribution, creation and efficiencies, from software to IT to advanced materials and communications. It is going to take them all to make it happen.
We expect a recording of the panel to be posted soon, and we will include it here when it is ready, but some parting thoughts:
- As politically divisive as some of the ideas surrounding a green economy can be, most expect, at the very least it will happen, – eventually. Exactly how it will be implemented is up for debate, but – at least the folks on the panel and at the forum – are passionate about making our world a better place. It is at least a starting point.
- Several panelists brought up the issue closest to Ambient’s heart, and that is the modernization of the electric grid and utility infrastructure in this country. We have reached the point where this should come as a surprise to no one, and something that MUST be addressed. The call to action for the panel was presented by Peter Huber of the Manhattan Institute, who said the power and utility infrastructure needs to be fixed, and as an infrastructure project, needs to have at least some government support.
Thanks to all who participated, and we look forward to continuing this industry dialog on an ongoing basis.