“Don’t use a cookie cutter approach when evaluating emerging economies,” warned Dr. Jahangir Boroumand, professor at the Smith School of Business at the University of Maryland. His sentiments were echoed by Dr. Paolo Prochno, also of Smith, during the kick-off event for the newly formed Emerging Markets Club at the school.
The task of defining an emerging market is tricky, if not outright impossible. Just consider the following examples. A few years ago, “emerging” countries were those that had taken on overwhelming levels of debt (think the Latin American crisis of the 1980s). But today, that framework would include Greece, Italy, the US, and Iceland. In years past, North-South capital flows dominated development discussions. However, that trend is quickly changing as nations like Brazil and China trade directly with one another – even using their own currencies for transactions! Formerly, industrialized countries entered developing markets for cheap labor and/or natural resources. But even this characterization is becoming outdated. Many companies now operate in emerging nations to gain knowledge. This was particularly true in Brazil when American automakers tried to lean how to build small cars efficiently and profitably. Finally, multi-nationals are now based in places well beyond North America and Western Europe employing thousands of people throughout the world – think Samsung and Tata.
On the way to visit a friend Thanksgiving weekend my car broke down, and I found myself at a Pep Boys in Rohnert Park, CA, wandering a vast parking lot. Big Box superstores stretched from one end to another: A Home Depot and Wal-Mart. In between, like an isthmus, was Pep Boys, Dollar Tree, and a discount beauty supply store. Islands at the parking lot’s entry housed fast food restaurants: an Arby’s (offering a $1 value menu), Burger King (offering a $1 double cheeseburger), and Chili’s, where I sat waiting the outcome of a battery test, eating smoked chicken tacos that would upset my stomach for an afternoon.
There not far from wine country, right off the 101, I had found myself stranded in the heart of the bargain, one of many that dot the American landscape: a coincidence of global circumstances linked by cheap hydrocarbons, global logistics networks, and the exploitation of global price differentials among wage-earners and for materials that feeds a consumer economy running up massive debts, both financial and environmental.
This is the third article in a seven part series on careers in wind farm development. The first, second, third, and fourth parts can be viewed here.
Wind turbines are frequently sited on parcels where the wind rights are leased from the landowner. A long-term contract must be created that covers many aspects of the project, such as compensation, placement of turbines, access roads, and the location of electric collection and transmission systems. Financial institutions and title companies also have an interest in the wind energy development agreement as it impacts mortgaged property. Communicating and organizing such matters typically falls under the role of the real estate manager.
Installed solar panel capacity in the United States will grow by 48-50 percent or more each year for the next three years, according to a new report from GTM Research, the research arm of Greentech Media.
By 2012, PV capacity in the U.S. could surpass Germany, the current global leader.
The predict growth, extrapolated from research into the 16 largest state markets, represents not only a major expansion of clean solar energy, but over $6.1 billion in investments per year and the creation of 50,000 jobs, according to the report.
That, in two words and a contraction, is the developing world’s argument for why it shouldn’t have to make the same reductions in greenhouse gas emissions as rich developed countries. So what if China is now the world’s biggest emitter of GHGs? It’s the developed countries that emitted most of the world’s pollution, historically speaking, churning out plumes of greenhouse gases over centuries of industrialization.
Well now China, India and other developing countries have more ammo for their argument. A new paper from Nature Geosciences shows that much of the developing world’s emissions comes from making stuff for the developed world and its carbon-fat consumers.
Alas, Detroit. With the collapse of the American automotive industry, there’s just too much bad news associated with the Motor City these days.
Some good news, then: the Ford Motor Company, the only Big Three automaker to avoid bankruptcy, recently announced a partnership with the University of Detroit Mercy (UDM) School of Engineering to retrain traditional automotive engineers in the development of electric cars.
UDM’s new “Advanced Electric Vehicle Program,” a graduate-level curriculum focused on electric and hybrid vehicle engineering, will have 125 Ford engineers as its first group of students.
“The era of electric vehicles is here and it’s critical that we meet this technology challenge by retraining our engineers with a broad range of new skills and competencies,” said Derrick Kuzak, Ford group vice president of Global Product Development, in an announcement about the program.
Moss. We’ve all seen it growing in bogs, on tree trunks, and in-between cracks in the sidewalk.
But, did you ever think that this common plant could potentially revolutionize an entire industry?
Enter David Knighton, MD, co-founder and CEO of the Minnesota-based startup, Creative Water Solutions. Knighton, a physician, inventor and entrepreneur–who also happens to be an amateur pilot–was flying a plane to northern Minnesota when he noticed the lakes becoming clearer and cleaner as he traveled northward. Earlier, he had read an article about how moss was used to treat wounds in World War I. It all got him to thinking:
Could the sphagnum moss that’s native throughout northern Minnesota be responsible for keeping the lakes so crystal clear? And, if so, could it do the same for pools and spas?
Eight years and $4 million later, Knighton believes the answer to that question is an emphatic “Yes.”
China and the U.S. have now announced commitments to manage emissions prior to the Copenhagen Summit. This is hugely significant since these two countries contribute approximately 55% of the entire world’s CO2 emissions.
But each country’s respective path for addressing CO2 emissions are significantly divergent. President Obama publicly committed to a reduction of CO2 emissions of approximately 17% by 2020. That is approximately 1 million metric tons annually in CO2 emissions, which is more than the entire annual CO2 emissions of Germany.
China, however, has only committed to a reduction in “carbon intensity” which means it will reduce emissions as a percentage of its annual Gross Domestic Product (GNP).
The following is a “back of the table cloth” calculation on what this means: The World Bank estimates that China’s GNP in 2009 increased by 9% and they are on track for a similar increase in 2010. So China’s carbon intensity management would have to achieve approximately an ANNUAL 9% carbon intensity reduction in CO2 emissions to maintain the status quo if its annual economy grows at 9%. What this means is that even if China were to immediately achieve a 17% reduction in CO2 emissions matching President Obama’s 2020 goal it would only take a few years at China’s recent GNP growth to overwhelm this reduction result and return China to annually increasing its CO2 emissions.
This is the sixth post in a series on the business of sustainable agriculture by the folks at Bon Appétit Management, a company that provides café and catering services to corporations, colleges and universities. To read past posts, click here.
By Carolina Fojo
A “City Girl” in Sustainable Ag…?
Driving through Illinois with my friend, I excitedly point out the window and ask, “What’s that?” A combine, he responds. A few minutes later: “Oooh, look—is that another combine?” No, that’s a tractor. He laughs and tells me I’m a city girl. I stare wide-eyed out the window as if I’ve never seen a field of corn in my life, and I feel like a kid learning her colors for the first time.
As the East Coast Fellow for Bon Appétit Management Company, I am currently working hard to combat problems of social justice and promote sustainability in the food system, with a special emphasis on agriculture.
Uh, excuse me—you might politely interject—but… why exactly are you working in agriculture when you only recently laid your eyes on your first combine?
…A fair question, to be sure. The answer, however, is quite simple: I’m in food and ag because of labor issues and worker rights.
The second Corporate Water Footprinting Conference splashes down in San Francisco this December 2-3 and I’ll be there to report on how companies such as Patagonia, Pepsi, BC Hydro, Raisio, and Intel are addressing water risks and opportunities in their operations and to their brands. The other two primary H2O stakeholder groups; government agencies and NGO’s, will also be active participants. I am eager to see how transparency, innovative technologies, and creative partnerships are contributing to triple bottom line solutions including environmental stewardship, economic value, social responsibility, and cultural vitality.
As you may have noticed, water is becoming an increasingly important concern within both the private and the public sector. Type “water crisis” in your favorite search engine (Google turned up 35,700,000 entries) and you’ll see why. Briefly, here’s the water picture:
Globally, less than 1% of the world’s fresh water (or about 0.007% of all water on earth) is readily accessible for direct human use. Human population is forecast to increase from 6.5 billion to 9.1 billion by 2050. This population growth – coupled with industrialization and urbanization – will result in an increasing demand for water in all sectors. Depending on the country, roughly 70% of total water consumption is agricultural, 20% industrial, 10% domestic, and 4% evaporation from storage. According to a 2008 UNICEF/WHO report, 884 million people lack access to safe water supplies (approximately one in eight people) and 3.575 million people die each year from water-related disease. Global climate change symptoms like reduced snow pack, increased glacial melt, and extreme weather patterns are forecast to throw additional fuel on the proverbial fire that is the water crisis.
Prior to the crash of the housing bubble and the collapse of financial markets, many different types of companies we involved in creating new and interesting ways to separate Americans (“consumers”) from their hard-earned money, especially those companies involved in consumer finance. From cell phone carriers to banks, high interest rates and hidden fees were the name of the game, leaving customers too confused to sort it all out, with many simply giving up and paying whatever they were charged.
The worst offenders, credit card companies and banks, have recently found themselves on the wrong end of legislation, the CARD Act of 2009, is intended to put a stop to some of the worst practices, such as excessive interest rate increases and unfair fee traps. True to form, this has not stopped the credit card companies from attempting to extract as much money from their customers as possible. According to Consumers for Competitive Choice, “…rather than react responsibly, the credit card industry has flouted the will of Congress and the Administration by moving quickly to raise rates, increase fees, and reduce available credit before the law takes effect next year.” In a completely new tactic, the credit card companies have decided to shift their focus to credit card transaction fees, an area that Congress has not yet addressed, and something that Consumers for Competitive Choice representatives feel we should all be very concerned about.
Headquartered in Indianapolis, Ind., Consumers for Competitive Choice, (C4CC) is a national alliance of consumer advocacy groups and private citizens who are committed to promoting maximum choice for consumers in communications, energy, health care and financial services. The organization has spun off a new project, called the Credit Card Con, to bring attention to the issue of credit card interchange fees. Last week, the company held a teleconference to bring attention to the recently released report by the General Accounting Office (GAO) on the matter.
They’re at it again – the creative team who brought you the wildly popular Story of Stuff are following up with “The Story of Cap and Trade: Why You Can’t Solve a Problem With the Thinking That Created It.”
Many prominent scientists, politicians and business interests have been on opposing ends of the cap and trade discussion for a long time. Leonard acknowledges that some very smart people (some of them her friends) support cap and trade, but she isn’t convinced. (Watch the video above)
Expecting a full-blown global carbon trading market to emerge without the influence, intervention – or perhaps interference – of world governments is probably not possible and Shell’s new CEO is acknowledging this.
Peter Voser told The Guardian and its Environment Network, BusinessGreen, that regional markets alone cannot set the price of pollution and that action should be taken at the governmental level to make costly green projects, such as carbon capture and storage, economically viable.
The idea of a carbon tax is gaining some support from politicians in the UK and France as the Copenhagen summit on climate change begins Monday.
Just in time for the opening of the United National Climate Change conference in Copenhagen next week, the London-based medical journal The Lancet has published the findings of a number of studies that examine the links between climate change and public health.
There are six separate reports in the series. They explore the public health benefits linked to reducing greenhouse-gas emissions in a number of areas, including sources of energy within residences, urban land transport, low-carbon power generation, and food and agriculture.
As a whole, the studies make a case for health professionals to become advocates for mitigating climate change and for “aligning climate change and public health policies.”
In my circles, there’s an old Jewish joke that defines the beginning of life as the point in time when the dog dies and the kids go off to school. I’d like to add my own personal twist: when you step down as chairman of the board of an environmental advocacy group, which for me happens this week.
Don’t get me wrong. I’ve enjoyed my time with the Georgia Conservancy, an old-time organization, forty-plus years old, that has served the state well over the decades. But managing this organization makes running a business seem like child’s play.
Bring to the table disparate stakeholders from various big businesses and you bring down the ire of other environmental groups all claiming you’ve sold out. Cobble together a coalition of environmental groups advocating on behalf of alternative energy or water-conservation efforts and big business interests vilify you as being too strident and unable to work with. Collaborate with various state agencies and you have both the environmental and business communities jumping down your throat. I used to believe that if an environmental group is doing its principled best, it’s got everyone a bit pissed-off with it. But surely there’s a more effective model.
New York: Feb 27 – Mar 1 EXPOSED 2015 EXPOSED is a three-day interactive food, wellness and social impact event in New York City Register here.
San Francisco: Mar 16 – Mar 18 Cleantech Forum San Francisco Cleantech Forum SF is the world’s largest summit for those immersed in sustainability that drives innovation. 3p readers use CFSF153P for $300 discount. Register here.
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New York, NY: May 14 – May 16 Sustainable Cosmetics Summit Taking place in New York City on 14-16th May, the Sustainable Cosmetics Summit will showcase major developments in green ingredients, distribution, social and customer impacts. Register here.
San Diego: Jun 1 – Jun 4 Sustainable Brands 2015 Reinvent yourself in response to changing norms. The demand for brands to deliver purpose is soaring. Get a 20% discount with the code "NW3pSB15sd"Register here.
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