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Capping Carbon A Business Perspective

Washington State stands at the forefront of the CleanTech industry, with over $15 billion in annual energy revenues and a wealth of entrepreneurs and capital ready for investment. The call for change is evident, and where there is change, there is opportunity. Business Leaders for Climate Progress aims to harness Washington's strong policy, investor networks, and technically trained workforce to lead the global CleanTech sector. Together, we can address the carbon price problem and capitalize on the projected $180 billion opportunity by 2020, enhancing economic growth for all.

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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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