Global environmental challenges
-- Tom Lyon is the director of the Erb Institute for Global Sustainable Enterprise, and Peter Adriaens is a professor of entrepreneurship at the Zell Lurie Institute of Entrepreneurial Studies, both at the University of Michigan. The views expressed are their own. --
President Barack Obama, in his State of the Union speech, called for America to “out-innovate, out-educate, and out-build the rest of the world.” But who is the competition, exactly? Who is presenting “our generation’s Sputnik moment”? Who are we racing against to put a million electric vehicles on the road? The president’s answer: China.
Encouraging American innovation is a major piece of the president’s strategy to win the future. And a global leadership position in innovation is ours to lose.
During another era of innovation, the dot-com boom of the 1990s, the U.S. was perhaps the best market in the world for the launch of the Internet. Now, China is arguably the best market today for deployment of clean technology. China is adding energy production capacity, cars on the road, and new cities faster than any other country in the world. Plus, it has the financial and political power to direct the market to move away from cheaper, legacy technologies.
Leading this week’s Green Gauge, a breakdown of companies in the news for behavior affecting the environment, are Kimberly-Clark and NCR who are being sued along with seven others for PCB pollution dating back more than 50 years.
Selections of headlines about publicly-traded companies were made by Christopher Greenwald, director of data content at ASSET4, a Thomson Reuters business that provides investment research on the environmental, social and governance performance of major global corporations. These ratings are not recommendations to buy or sell.
from The Great Debate:
Maryland Public Service Commission highlighted the political resistance smart-metering advocates must overcome when it shot down proposals for compulsory smart metering submitted by Baltimore Gas and Electric Company (BGE).
Smart grids are essential for the Obama administration's and power industry's plan to meet rising electricity demand while integrating more renewable generation into the grid.