You are currently browsing the tag archive for the ‘capital’ tag.
Happy Year of the Snake!
I have some major catching up to do so let me begin here with a link to my book which the Wilson Center launched on September 24, 2012. (Note: if you want to download the PDF of the book, just right-click and use the Save As option).
More 2012/3 updates to follow in rapid sequence.
Thanks for hanging in there,
The China Partnership of Greater Philadelphia (CPGP) is a non-profit organization that promotes collaboration on public/private cleantech initiatives between Philadelphia and the People’s Republic of China. We operate on the principles of openness, inclusivity, and transparency in order to maximize engagement from all relevant stakeholders throughout the Philadelphia area. Our objective is to accelerate job creation, attract investment, and support cleantech business incubation in Greater Philadelphia through strategic linkages to leading Chinese corporate, governmental, and academic organizations. CPGP leverages both established and emerging programs and initiatives including:
- The new $129 million Greater Philadelphia Innovation Cluster (GPIC) for energy efficient buildings, funded primarily by the U.S. Department of Energy (DOE)
- The City of Philadelphia’s 30-year old official Sister City relationship with Tianjin, China. Tianjin, the fastest-growing Special Economic Zone (SEZ) in China, also has a national mandate for clean energy leadership under China’s 11th and 12th Fiver-Year Plans
- The $150 million U.S.-China Clean Energy Research Center (CERC) program, with a dedicated building energy efficiency initiative led by Lawrence Berkeley National Lab (LBNL) in the US and the Ministry of Housing and Urban-Rural Development (MOHURD) in China
CPGP harnesses the Greater Philadelphia region’s broad base of resources and expertise to create synergy between regional and national initiatives in both countries through a single innovative program focused on cleantech jobs, business development, and investment. To support these goals, we have developed plans for:
- Export & investment initiatives including an open-consortium incubator (involving government, academia, business, and related associations) planned for the Philadelphia Navy Yard and leading to a world-class public demonstration facility
- A CEO Summit entitled, “Greater Philadelphia & China: Toward a Sustainable Future,” planned for the spring 2012 focused on four areas: carbon finance, water, green building, and clean energy
- An official U.S. State Department city EcoPartnership with Tianjin, China
- The expansion of our already extensive network of universities and think tanks on the local, regional, national, and international levels.
The Partnership includes members from a wide range of Philadelphia area stakeholders. Business: Capitol Project Partners, The China Business Network, Cozen O’Connor, Delmarva Group LLC, Deloitte, Deutsche Bank, Ecolibrium Group, GreenWorld Capital LLC, HSBC, KSW Consulting, Philadelphia Industrial Development Corp, VerdeStrategy, White and Williams LLP. Government: City of Philadelphia, International Visitors Council. Academic: Academy of Natural Sciences, Drexel University, Penn International Sustainability Association, Temple University, University of Pennsylvania’s T.C. Chan Center. Associations: Global China Connection, Greater Philadelphia China Center for Culture and Commerce. (Note: All work conducted by these organizations is done by individuals on a pro-bono basis.)
For further information, please contact Deputy Executive Director Nora Sluzas at nsluzas@post.harvard.edu
China does business a little differently than the U.S. but we track results in the same way: the value of deals and the number of jobs created.
Hu Jintao’s State Visit from January 18-21 may have been a dog-and-pony show on a big stage but it did register some big results at the box-office.
Having worked in the trenches of the U.S.-Japan trade war in the early 1990s, I know full well that the numbers trotted out in press statements for Presidential events need to be taken with a grain of salt. Notwithstanding, the underlying facts they describe have a reality. Yes, there was some degree of smoke and mirrors involved in the numbers announced with the original U.S.-Japan Auto Trade Agreement in 1992. Nonetheless, those numbers pointed to real changes which seem commonplace today — there’s no longer a trade war with Japan, U.S. consumers have better cars, Toyota sponsors the Super Bowl, and Japan’s economy proved far less able to overtake the U.S. than many had supposed.
All of this suggests that we shouldn’t sneeze at US $50 billion in trade deals announced during the Hu Jintao State Visit. Also, that grain of salt may perhaps be better applied to the growing perception that China owns the future.
AEP, AES, Aloca, Duke, Ener1, GE and UPC racked up more than $12.5 billion in trade, investment and project deals over the past four days. This bodes well for the future of U.S.-China clean energy cooperation. The guts of these seven deals show that the U.S. provides innovation and China provides a huge market. That basically represents a fair deal for both sides.
Click here or directly on the slide thumbnail below to access the slide-master with links to full details of each of these seven deals: