Cap-and-Trade May Be Wounded, But The Low Carbon Economy is Still Healthy

Some 61 percent of California voters this week showed they still believe in the economic promise of clean energy. Californians rejected Proposition 23 that would have rolled back policies to limit greenhouse gas emissions and develop clean energy.

Their vote of confidence reminds us that even though comprehensive federal climate legislation may be off the table today in Washington D.C., the business and economic development opportunities of a low carbon future remain.

Several hundred leaders from business and finance, government, utilities, research and education, clean energy advocates and nonprofits are gathering to talk about emerging ideas in the energy sector next week at Convention Place in Seattle for the Washington State Future Energy Conference and our second annual State Energy Summit.

Gov. Chris Gregoire and British Columbia Minister of State for Climate Action John Yap are among the scheduled presenters over three days.

The transition to a low carbon economy is a worldwide opportunity. Global markets are moving from dependence on carbon-based fuels to a mix of renewable sources—solar, wind, geothermal, nuclear, biomass and tidal energy. Transportation and energy transmission infrastructure is evolving and becoming more intelligent. Homes and buildings are being designed and built to be more efficient and sustainable. Mass market electric vehicles are coming to the U.S.

We saw it on the Governor’s recent trade mission to China, where wind and solar energy are taking hold. According to a 2009 Pew research study, China invested $34.6 billion in clean energy—twice as much as the U.S. They’ve dedicated over $200 billion in government stimulus to renewable energy and related investments.

The Governor is in Germany today to help celebrate the opening of the BMW-SGL plant, where carbon fiber produced in Moses Lake will go into BMW’s revolutionary Megacity electric car. Throughout the world, new technology and development are pouring into clean energy and sustainable growth.

Our state is better positioned

Author: Rogers Weed

Rogers Weed was appointed by Gov. Chris Gregoire as Director of the Department of Commerce in March 2009. In appointing him to this agency cabinet position, Gov. Gregoire said Rogers is a proven leader and innovator. As director, Rogers will fulfill the governor’s clear mission to retain the jobs and companies that we have in our state today and attract new ones. His focus will be on forging effective partnerships with the business community, with other agencies in the public sector and with the legislature. Rogers attended Duke University where he graduated Magna Cum Laude with a degree in Computer Science. After college he worked for the management consulting firm, Bain and Company in Boston, focusing on strategy and planning for companies in the pharmaceutical, manufacturing and high tech industries. Rogers received his MBA in Marketing from the Wharton School at the University of Pennsylvania. He came to Seattle in 1990 to work at Microsoft and managed teams in the Windows, Mobile Devices, On-line Content and Consumer Software Divisions over his 15 years with the company. He was promoted to Vice President in 2001. Rogers has been a board member and volunteer for regional organizations focused on climate change and social services. He lives in Seattle with his wife and three sons.