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Select videos from VX2010: The Heal the Bay honored AECOM Executive
VERDEXCHANGE Green Marketmakers Jack Baylis this month for his eight years of
Conference are available at verdexchange.org. service to the environmental organization.
Newly-elected Prime Minister of Great The U.K. has installed 1 gigawatt worth of
Britain David Cameron and Deputy Prime offshore wind farms, enough to power 700,000
EBWJE!BCFM
0UBLISHERAND%DITOR IN #HIEF
Minister Nick Clegg vowed to make the homes. The U.K. now has 11 offshore wind
formation of a low-carbon economy one of farms with a total of 336 installed turbines.
the centerpieces of their coalition government, Cisco has replaced IBM in the top spot of
KBNFT!CSBTVFMM
%DITOR
pledging to deliver a “full programme of the latest Greenpeace Cool IT Leaderboard.
measures” designed to deliver deep cuts in The leaderboard evaluates IT companies DPOUSJCVUJOH!FEJUPST;
greenhouse gas emissions. based on their tech-enabled solutions to help %LIOT!BEL "ILL!LLEN ,EE+ANON!LPERT 0ANAMA
Christiana Figueres, a veteran climate make companies greener. "ARTHOLOMY *ACK"AYLIS 2OBYN"EAVERS 0ETER
change negotiator from Costa Rica, has been Swiss engineering firm ABB has announced "EATTIE &ORREST "EENUM (OPE "OONSHAFT
appointed as the United Nation’s head climate plans to acquire U.S.-based smart grid software *AMES#ALDWELL +9#HENG 7OODY#LARK
change negotiator. She replaces Yvo de Boer, specialist Ventyx in a $1 billion deal. !LAN #HU *EREMY $AVIES -ARTHA $AVIS
who is leaving after four years as head of the The U.S. EPA has asked Congress to $AN$UDEK ,ARRY%ISENBERG *OHN%MERSON
United Nations’s Framework Convention support “polluter pays” legislation mirroring !LLAN%MKIN #ECILIA%STOLANO (ANS *OSEPH
&ELL -ICHAEL 'EORGE 0AUL 'IBE -ADELYN
on Climate Change (UNFCCC) for a job at the Superfund Reinvestment Act. Passing this
'LICKFELD 'AIL'OLDBERG ,INDA'RIEGO $AVIS
KPMG. legislation would not only remove the burden
'UGGENHEIM *IM(ANKLA ,EE(ARRINGTON "ILL
Roelof van Ark, a senior executive with on taxpayers for cleaning up hazardous waste, (AUCK 2OY(EARREAN 2OBERT(ERTZBERG +ATHY
more than 30 years experience as an engineer but would also rehabilitate property for *ONES )RISH "RYAN *ACKSON !MBASSADOR
and manager for some of the world’s leading development and address community health -ICKEY+ANTOR 2ICHARD+ATZ *EFF+IGHTLINGER
transportation companies, has been named issues such as contaminated groundwater. 0RAFUL +ULKARNI -ICHELLE +YDD ,EE *OEL
as CEO of the California High-Speed Rail U.S.-based solar installation and financing +OTKIN 2AY,ANDY !DI,IBERMAN *ACOB,IPA
Authority. company SolarCity has announced the !NDY,IPKIS 4ADASHI-AEDA &ELICIA-ARCUS
L.A. Metro General Manager Art Leahy acquisition of Building Solutions, a green $ANIEL-AZMANIAN *AN-C&ARLAND 4ORBJORN
announced that Martha Welbourne will building firm specializing in home energy -ILLANGE .ORMAN -INETA 2ICK -ORROW
be head of planning for the L.A. County evaluations. The move signals a shift into the &RED.I -ARY.ICHOLS &RAN0AVLEY *OHN!
0ÏREZ 0EDRO0IZARRO #HANTAL2AMSAY *OHN
transportation agency. energy efficiency business for SolarCity.
3HEGARIAN #OBE3KYE ,AURA3PANJIAN 4OM
United Airlines filled one engine of an 2010 is on track to be the hottest year ever
3OTO -ARC3TUART 4ERRY4AMNINEN 9ANIV4EPPER
Airbus 319 with a 40/60 mix of synthetic jet according to data published by the National &RED4ERRELL -IKE7ALLACE ,EE7ALLACH -ARTHA
fuel during a commercial flight, a first for the Oceanic and Atmospheric Administration. 7ELBOURNE *ON 7HITE $IANE 7ITTENBERG
industry. The Solar Energy Industry Association *AMES7UNDERMAN :HIGOU9UAN
Intercontinental Exchange (ICE) has ac- (SEIA) has published a report suggesting !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!JOUFSO
quired London-based Climate Exchange in a that extending the Treasury Grant Program 2ENNIE.EWTON
£397 million deal. by two years would boost investment in solar QSPEVDUJPO!BTTJTUBOU!
BYD-America announced recently that it projects by $21 billion between 2010 and $ELYTE!DAMS ,AWRENCE
will base North American operations in Los 2016, creating another 67,000 jobs by 2015.
%DITORS.OTE)SSUESREGARDINGCLIMATECHANGEANDTECHNOL
Angeles. The BYD headquarters will focus Moreover, the extension would deliver a OGY ARE FREQUENTLY CONTROVERSIAL 4HE OPINIONS EXPRESSED
HEREIN ARE SOLELY THOSE OF THE AUTHOR AND MAY DIFFER FROM
on marketing, sales, technical support and lo- net boost to tax revenues over the next five THE OPINION OF 6ERDE8CHANGE THE PUBLISHER AND EDITORS
cal product design and training and sales ser- years. !NARTICLEBYAPUBLICOFlCIALDOESNOTNECESSARILYREPRESENT
THEVIEWSOFTHATPERSONSDEPARTMENTORAGENCYUNLESSSO
vice for BYD’s green vehicles, solar panels The Republican candidate for governor in STATEDINTHEPARTICULARINSTANCE
and battery storage stations. California, Meg Whitman, has not as yet !LL RIGHTS RESERVED 2EPRODUCTION OF THIS PUBLICATION IN
WHOLEORINPARTISSTRICTLYFORBIDDENWITHOUTPERMISSIONOF
Offshore Valuation Group completed the endorsed a November ballot initiative that THEPUBLISHERANDAUTHOR ANDATTRIBUTION¥6ERDE8CHANGE
first study to put a financial value on the UK’s would repeal AB 32, despite an earlier call for )NSTITUTE

offshore renewable energy resource, conclud- a one-year moratorium on AB 32. WFSEFYDIBOHF!OFXT!ISPUBLISHEDQUARTERLYBYTHE


ing that the nascent sector could transform the Frederick O. Terrell has rejoined Credit 6ERDE8CHANGE)NSTITUTEONRECYCLEDPAPERUSING
SOYINK6ERDE8CHANGEISAC PROJECTOF#OM
country into a net energy exporter by 2050. Suisse as vice chairman of the Investment MUNITY0ARTNERS
Vestas, the Danish wind turbine manufac- Banking Department.
turer, has announced the largest deal in its The UN has issued a warning that unless 0ERIODICAL0OSTAGE0AIDAT,OS!NGELES #!
)33. 5303 
history, an agreement to provide Portuguese the recycling rates for rare earth metals are
wind power firm EDP Renovaveis with at significantly increased, resources for use in 7EST3EVENTH3TREET 3UITE
,OS!NGELES #!
least 1,500 megawatts worth of turbines. solar panels, electric car batteries, and other 0HONE 
Electric vehicle maker Fisker Automotive clean technologies could become nearly un- WWWVERDE8CHANGEORG
is nearing the $1 billion mark in funding. available. •••


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V/T/!MPTJOH!DMFBO!UFDI! “disruptive” clean technology projects in the OFX!TUVEZ!NBQT!V/T/!XJOE!SFTPVSDFT


NBOVGBDUVSJOH!SBDF fields of carbon capture, biofuels, electric AWS Truewind, in collaboration with the National
A recent report by Apollo Alliance and Good Jobs vehicle batteries, and fuel cells. The funding was Renewable Energy Laboratory, has released new
First called, “Winning the Race: How America distributed to 37 clean tech projects in 17 states wind resource maps and wind potential tables for
Can Lead the Global Clean Energy Economy” through the Department of Energy’s Advanced the Unites States. The new data marks the first
found the U.S. could miss out on 100,000 clean Research Projects Agency-Energy (ARPA-E). state-by-state update of wind energy potential
energy manufacturing jobs by 2015 and 250,000 Institutions receiving portions of the funding since 1993. The data now makes it easier for state
by 2030 if it fails to commit to developing include Harvard University, the Massachusetts and federal agencies to provide valid evidence of
a domestic manufacturing sector capable of Institute of Technology, and the GE Global wind potential when promoting the renewable
meeting demand for the parts, systems and Research Center. energy source. The estimates and maps were
components of the clean energy economy. China created with a weather modeling system and
is currently the winning the race to become the FQB!SFMFBTFT!SFQPSU!PO!DMJNBUF! further advanced with data from wind monitoring
global leader of the clean energy manufacturing DIBOHF!IFBMUI!JNQBDUT stations.
sector. China’s investment in clean energy The U.S. Environmental Protection Agency
technology is estimated to equal $12.6 million has issued a report entitled “Climate Change DBQF!XJOE!QSPKFDU!HBJOT!BQQSPWBM-!CVZFS
every hour. Together, Japan and South Korea Indicators in the United States”, which measures Massachusetts utility National Grid and Cape
have invested more than four times as much 24 separate indicators showing how climate Wind have announced an agreement for the utility
in clean energy than the U.S. The American change affects the health and environment of U.S. to buy 50 percent of the power generated by the
Recovery and Reinvestment Act invested $110 citizens. According to the assistant administrator controversial 130-turbine beginning in 2013. This
billion in clean energy. The report cites Obama for the EPA’s Office of Air and Radiation, the could result in an average monthly utility bill
administration statistics estimating that 826,000 indicators demonstrate that climate change is a increase of about $1.59 for a typical residential
clean energy jobs have already by created by very real problem with impacts that are already customer. Cape Wind won federal approval to
the stimulus package. The Recovery Act is also being seen and felt today. complete the offshore wind farm after a nine-year
expected to create 30,000 manufacturing jobs in review process. National Grid will pay 20.7 cents
the clean energy sector. V/T/!BDIJFWFT!SFDPSE!EFDMJOF!JO!DP3! per kilowatt hour for power and energy credits in
FNJTTJPOT 2013, and their payments will increase 3.5 percent
GFEFSBM!DMJNBUF!DIBOHF!MFHJTMBUJPO! The Energy Information Administration (EIA), each year thereafter. The agreement covers about
SFDFJWJOH!BNCJWBMFOU!SFBDUJPOT an independent federal statistics and analysis half of the planned output.
Reacting to the defeat of a Republican plan to agency has reported that the United States
block the Environmental Protection Agency achieved a record setting 7 percent decline in XFTU!DPBTU!HPWFSOPST!MFWFSBHF!
from regulating climate-changing emissions, CO2 emission in 2009. The 7 percent drop is GFEFSBM!GVOET!GPS!DPBTUBM!QSPUFDUJPO
President Obama again cited the urgent need the largest absolute and the largest percentage The Governors of California, Oregon, and
to pass clean-energy and climate legislation decline since the EIA began keeping records in Washington have released eight issue-specific
and said that the time has come to put a price 1949. The EIA report points to the economic work plans to improve and sustain the health
on carbon dioxide pollution, vowing to find the downturn as well as a general trend toward a less of the three states’ shared coastal and ocean
votes for legislation supporting such action this energy intensive economy and energy supply as resources and the communities that depend
year. According to reports, however, behind the main reasons for the decline in greenhouse on them. With $500,000 in new funding from
the scenes, his advisers are working on a more gas emissions. the federal government, projects funded by
modest package of energy-saving measures existing federal and state investments will
that stop well short of an effort to cap carbon DIJOFTF!XJOE!FOFSHZ!DPNQBOZ!QMBO. continue and the three states will begin to
emissions across all sectors of the economy. OJOH!IVHF!JOWFTUNFOU look at which projects to start next. In 2006,
Senator Harry Reid of Nevada, the Democratic China’s largest wind power producer, Longyuan governors Schwarzenegger, Kulongoski, and
leader, has also signaled that he is open to Power Group, is reportedly planning to invest Gregoire committed to taking action to protect
patching together a series of limited energy approximately 92 billion yuan to develop clean the states’ shared coastal and ocean resources. In
measures rather than trying to push through a big energy over the next five years. Company July 2008, the three governors released a West
climate bill like one sponsored by Senators John president Xie Changjun said in an interview with Coast Governors’ Agreement on Ocean Health
Kerry (D-Massachusetts) and Joe Lieberman Bloomberg that Longyuan plans to install at least (WCGA) Action Plan that identified common
(I-Connecticut). 16 gigawatts worth of wind turbines in China ocean and coastal management priorities. The
and overseas by 2015. The firm is the fifth largest regional agreement was the first of its kind on
GFEFSBM!SFDPWFSZ!BDU!GVOET!GPS! producer of wind power globally and has a goal the West Coast and also aligns well with federal
DMFBO!UFDI!SFMFBTFE of becoming the third largest by 2012. Longyuan planning efforts currently under way under the
Vice President Biden announced the dispersal uses primarily Chinese suppliers whose prices are Obama administration’s Ocean Policy Task
of $106 million in Recovery Act funding for roughly 20 percent less than their foreign rivals. Force, established in 2009.


!wfsefydibohf!ofxt!!7).4%2

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V/T/!HFPUIFSNBM!TFDUPS!HSPXJOH cities for jobs. For the first time, a majority of of electric battery charging and swap stations in
According to new data from the Geothermal racial and ethnic groups in large metropolitan nations like Israel and Denmark. According to
Energy Association (GEA), the U.S. geothermal areas live outside the city limits. The suburbs a filing by the SEC, Better Place has achieved
power industry enjoyed strong growth in 2009. also now claim the largest poor population and its goal, marking one of the largest rounds for
Their report shows that geothermal developers are home to the vast majority of baby boomers clean tech in history. The round was led by HSBC
completed seven new projects in 2009, adding age 55 to 64. Brookings’ recommendations Group, which will put in $125 million and own
nearly 176 megawatts of geothermal energy for the nation’s growing race and age divide ten percent of the company’s shares. Founder and
capacity in five different states, up from just include affordable housing and social services CEO Shai Agassi has stated that the company is
61 megawatts added on 2008. Additionally, the for older people in the suburbs, better transit planning to deploy between 15,000 and 20,000
number of confirmed projects in development systems to link cities and suburbs, and a new charging stations for both Israel and Denmark.
has risen to 152, a 26 percent increase from last federal office that would serve the education and
year. Nevada leads the way with three gigawatts citizenship needs of a rapidly growing immigrant GJSTU!TPMBS!BDRVJSFT!
worth of projects in development. GEA chief community. OFYUMJHIU
executive director Karl Gawell explained that Solar developer First Solar has moved to reinforce
the sector had been driven by federal stimulus DBMJGPSOJBÖT!QSPQ/!27! its dominance of the U.S. solar market by acquiring
funds, tax incentives, and strong state renewable GBJMT!BU!UIF!CBMMPU!CPY rival solar farm developer NextLight in a deal worth
standards. In a loss for the measure’s main backer, Pacific nearly $285 million. The acquisition will give
Gas and Electric Co., voters in California FirstSolar access to a 1,100 megawatt solar project
V/T/!NJMJUBSZ!QSPDVSJOH!TVTUBJOBCJMJUZ narrowly defeated a ballot initiative that would pipeline in the southwestern U.S. and cement its
The U.S. military and Department of Defense, who have limited the ability of local governments position as the largest solar utility operator in
account for 80 percent of the government’s total to enter the electricity business. PG&E, North America. The deal will give FirstSolar 570
energy consumption, have pledged to invest in the California’s largest utility, sank more than $46 megawatts worth of NextLight projects, including
“Great Green Fleet” and to reduce their dependence million into its campaign for Proposition 16, a number of deals with Pacific Gas & Electric.
on oil and coal, according to a report by the Pew which would have forced cities and counties to
Charitable Trusts. The report states that the military win the approval of two-thirds of voters before TPMBS!NJMMFOOJVN!IBT!CJH!QMBOT!GPS!
has found that climate change may lead to domestic spending public money to start or join a public NPKBWF!EFTFSU!TJUFT
and international instability by threatening water power agency. Solar Millennium LLC will develop three solar
and food supplies. Pew also reports that for every project sites in the deserts of California that will
$10 that the price of oil rises, Department of UFTMB!BOOPVODFT!GSFNPOU! have the capacity to generate enough electricity to
Defense costs increase an additional $1.3 billion NBOVGBDUVSJOH!TJUF power more than 500,000 households. According to
per year on average. Tesla Motors Inc. announced that it will making Governor Schwarzenegger’s office, the electricity
electric cars next year in the Fremont, CA, generated by each plant will also prevent a quarter
HPW/!TDIXBS[FOFHHFS!SFTDJOET!CVEHFU! Nummi auto factory that Toyota and General megaton of greenhouse gas emissions from being
TVQQPSU!GPS!USBORVJMMPO!SJEHF Motors Co. recently closed. Toyota Motor Corp. emitted into the atmosphere. This reduction is
As a result of the damage caused to the environment is investing $50-million in Tesla Motors Inc. to equivalent to taking roughly 40,000 cars off the
by the massive oil spill in the Gulf of Mexico, help finalize the deal. The Fremont plant closed road each year. The Californian desert is a prime
Governor Schwarzenegger has abandoned support in April. The closure displaced about 5,000 auto location for solar installations due to its high solar
of any proposed offshore drilling off the coast of workers, many of whom were members of the radiation levels—more than 300 cloudless days
Santa Barbara County. The governor no longer United Auto Workers union. When it reopens, per year—and proximity to major load centers in
included funding for the proposed Tranquillon the plant will employ about 1,000 workers, who California, Arizona, and Nevada.
Ridge project in the revised budget proposal that will assemble Tesla’s Model S electric sedan.
he submitted in late May. His January budget plan Tesla previously considered locating its factory EPF!BOOPVODFT!VQ!UP!%73!NJMMJPO!GPS!
included $100 million in advance royalties for the in Downey, Long Beach, and cities outside of DPODFOUSBUFE!TPMBS!QPXFS
project and counted on that revenue to prevent California. The move disappointed Downey U.S. Department of Energy Secretary Steven Chu
cutbacks in state parks. officials who had been hoping the company would today announced the selections of projects for
locate manufacturing in a closed facility that had investment of up to $62 million over five years to
TVCVSCT-!DJUJFT!SFWFSTF! been used to manufacture the space shuttle. research, develop, and demonstrate concentrating
EFNPHSBQIJDT! solar power (CSP) systems capable of providing
An analysis of 2000-2008 census data by the QSPKFDU!CFUUFS!QMBDF! low-cost electrical power. The funding will
Brookings Institute found that in a reversal of SBJTJOH!%461!NJMMJPO! support improvements in CSP systems and
previous trends, America’s suburbs are now more In January of this year, Project Better Place components as well as improvements in thermal
likely to be home to minorities, the poor, and the announced that it was the midst of raising $350 energy storage to accelerate the market-readiness
elderly, as younger, educated whites move into million in order to help build out its network of CSP technology. •••


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6ERDE8!%#/-HASWORKEDWITHTHE,! (EAL THE "AY IS A GOOD EXAMPLE OF A NON OURFARMERS4HEWHOLESYSTEMNEEDSAN
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ING IT ISNT JUST  CARS OR   CARS FOR #ZINGER #ALIFORNIAHASALWAYSBEENA MANAGERSANDARCHITECTSOFTHECAR4HESE
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#ZINGER )T IS AN INITIAL increasing total invested capital to more than $125 million. Funding will be used ONLY BE A SUPPLIER AND MANU
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TRIAL LEADERSHIP FOR THE PIONEER COUNTRIES PROLIFERATION AND CREATE RAPID ECONOMIC TO THE SOLAR INDUSTRY CREATED TREMENDOUS
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