Climate Prosperity

CLIMATE PROSPERITY ALLIANCE EXECUTIVE BOARD

CHAIR: Marc Weiss, Chairman and CEO, Global Urban Development, Washington, DC

VICE CHAIR: Lawrence Bloom, Chairman, United Nations Environment Program (UNEP)

Green Economy Initiative on Green Cities, Buildings, and Transport, London, UK

VICE CHAIR: Hazel Henderson, President, Ethical Markets Media (USA and Brazil), St. Augustine, FL

VICE CHAIR: C. S. Kiang, Chairman, Sustainable Development Technology Foundation, Beijing, China

VICE CHAIR: Rodrigo Loures, President, Federation of Industries for the State of Parana, Curitiba, Brazil

VICE CHAIR: James Nixon, President, Global Urban Development, Oakland, CA

Grace Akumu, Executive Director, Climate Network Africa, Nairobi, Kenya

Rosa Alegria, Co-Chair, The Millennium Project, Brazil Node, Sao Paulo, Brazil

Elizabeth Autumn, Executive Producer and Anchor, United Nations MediaGlobal News Service,

New York, NY

Emilia Queiroga Barros, Vice President, State of the World Forum, Lauro de Freitas, Brazil

Antonella Battaglini, Process Leader, SuperSmartGrid, Renewables Grid Initiative,

European Climate Forum, Berlin, Germany

Robert Baugh, Executive Director, Industrial Union Council, AFL-CIO, Washington, DC

Scott Bernstein, President, Center for Neighborhood Technology, Chicago, IL

Iman Bibars, Vice President, Ashoka Global, and Regional Director, Ashoka Arab World, Cairo, Egypt

Tess Cacciatore, Chairman and Executive Director, World Trust Foundation, Los Angeles, CA

Nancy Carter, City Council Member, Charlotte, NC, and Member, Energy, Environment, and Natural Resources Steering Committee, National League of Cities, Washington, DC

John Cleveland, Vice President, Innovation Network for Communities, Tamworth, NH

Susan Davis, President, Capital Missions Company, East Troy, WI

Ladislau Dowbor, Professor of Economics and Regional Development, Catholic University of Sao Paulo, Sao Paulo, Brazil

Marlene Fernandes, International Advisor, Brazilian Institute for Municipal Administration (IBAM),

Rio de Janeiro, Brazil

Jeffrey Finkle, President and CEO, International Economic Development Council, Washington, DC

Morel Fourman, CEO, Gaiasoft, London, UK

John Fullerton, Founder, Level 3 Capital Advisors, New York, NY

James Garrison, President, State of the World Forum, Mill Valley, CA

Nicky Gavron, Council Member, Greater London Authority, London, UK

John Geesman, Chairman, American Council on Renewable Energy, Washington, DC

Abdulrahman Al Ghabban, Project Development Specialist, Qassim Development Corporation, Riyadh, Saudi Arabia

Theodore Gordon, Senior Fellow and Co-Founder, The Millennium Project, Washington, DC

Alex Grayson, Principal, Omni Group, London, UK

Elliott Hoffman, Chairman and CEO, New Voice of Business, San Francisco, CA

Ashok Khosla, President, Development Alternatives, New Delhi, India

Sean Kidney, Europe Manager, Climate Risk, London, UK

Kelly Krpata, Director, Applied Materials Climate Prosperity Initiative,

Joint Venture Silicon Valley Network, San Jose, CA

Christine Loh, CEO, Civic Exchange, Hong Kong, China

L. Hunter Lovins, President and Founder, Natural Capitalism Solutions, Longmont, CO

Tony Manwaring, CEO, Tomorrow’s Company, London, UK

David Martin, Executive Chairman, M∙CAM, Charlottesville, VA

Peter Matthies, Founder, Conscious Business Institute, Santa Barbara, CA

Dan Montgomery, Principal, Resilient Strategies, Superior, CO

Mary Jane Ortega, Secretary General, CITYNET, Yokohama, Japan

Julia Parzen, Sustainability Manager, Urban Sustainability Associates, Chicago, IL

Christina Carvalho Pinto, President, Full Jazz Communications Group, Sao Paulo, Brazil

Alexander Plessl, Independent Journalist, Buenos Aires, Argentina

Bill Radulovich, Founder, Climate Prosperity Citizens, Pleasanton, CA

Susan Rochford, Vice President, Energy and Sustainability Initiatives, Council on Competitiveness, Washington, DC

Nancy Sedmak-Weiss, Secretary-Treasurer, Global Urban Development, Rehoboth, DE

Jigar Shah, CEO, Carbon War Room, Washington, DC

D. Wayne Silby, Founding Chair, Calvert Funds, Bethesda, MD

Phillip Singerman, Senior Vice President, B & D Consulting, Washington, DC

Radames Soto, President and Founder, Kinina Ventures, Miami, FL

Steve Viederman, Author, and former President, Jessie Smith Noyes Foundation, New York, NY

Nicholas You, Senior Advisor for Policy and Strategic Planning, Office of the Executive Director,

United Nations Human Settlements Program (UN-Habitat), Nairobi, Kenya

Climate Prosperity Alliance Advisory Board

Poonam Ahluwalia, President, Youth Entrepreneurship and Sustainability (YES), Cambridge, MA

Prince Cemil Giray Alyanak, Founder, Mondofragilis Group, Annecy, France

Mart Bailey, Chairman, US-China Green Tech Summit, San Francisco, CA

Andrea Bassi, Deputy Director for Project Development and Modeling, Millennium Institute, Arlington, VA

Clement Bezold, Chairman and Founder, Institute for Alternative Futures, Alexandria, VA

Allison Brooks, Managing Director, Reconnecting America, Oakland, CA

Ann Chan, California Program Director, Center for Clean Air Policy, Washington, DC

Michael Chang, Senior Research Scientist, Institute of Sustainable Systems,

Georgia Institute of Technology, Atlanta, GA

Helene Connor, Director, HELIO, Paris, France

Reese Fayde, Principal, Reese Fayde & Associates, New York, NY

Seth Fearey, Associate Country Director, Peace Corps, Bishkek, Kyrgyz Republic

David Feehan, Advisory Panel Manager and Program Consultant,

International Downtown Association, Washington, DC

David Fenton, CEO, Fenton Communications, New York, NY

Shari Garmise, Vice President for Knowledge Management and Development, International Economic Development Council, Washington, DC

David Gershon, CEO, Empowerment Institute, New York, NY

Richard David Hames, Professor and Director, Asian Foresight Institute, Dhurakij Pundit University,

Bangkok, Thailand

James Hanusa, Fellow, Global Urban Development, San Francisco, CA

Ken Heatherington, Executive Director, Southwest Florida Regional Planning Council, Fort Myers, FL

Paul Hughes, President, Green Fox Energy Group, Newark, DE

Bianca Jagger, President, Bianca Jagger Human Rights Foundation, London, UK

Daniel Kammen, Professor and Director, Renewable and Appropriate Energy Laboratory, University of California, Berkeley, CA

Randall Kempner, Executive Director, Aspen Network for Development Entrepreneurs,

Aspen Institute, Washington, DC

Steven Lovink, President, Planet2025 Network, Washington, DC

Tom McCawley, CEO, Evergreen Asia Pacific Investment, Shanghai, China

Peter Merry, Director, The Hague Center for Global Governance, Innovation, and Emergence, Utrecht, Netherlands

Michael Northrop, Program Director, Sustainable Development, Rockefeller Brothers Fund,

New York, NY

Lora O’Connor, Consulting Director, Social Media, Citizen Global, Los Angeles, CA

Collin O’Mara, Secretary, Department of Natural Resources and Environmental Control,

State of Delaware, Dover, DE

Gerald Page, Managing Director, Equinox Energy Partners Corporation, Beijing, China

Kathryn Papp, Associate Senior Fellow, National Council for Science and the Environment, Washington, DC

Nicolai Peitersen, CEO, Ethical Economy, London, UK

Scott Polikov, Principal, Gateway Planning Group, Austin, TX

Paul Ray, Director, Institute for the Emerging Wisdom Culture, Mill Valley, CA

Michael Replogle, Global Policy Director and Founder, Institute for Transportation and Development Policy, Washington, DC

Renato Romano, Principal, Global Green Partners, Los Angeles, CA

Kendra Sandoval, Social Venture Connector, Blue and Yellow Logic, Denver, CO

Marybeth Schubert, Principal, Schubert Consulting, Santa Fe, NM

Steve Schueth, President, First Affirmative Financial Network, Colorado Springs, CO

Nick Silver, Director, Callund Consulting, London, UK

Jasper Sky, Senior Fellow, Oxford University Environmental Change Institute, Oxford, UK

William Stafford, President, Trade Development Alliance of Greater Seattle, Seattle, WA

Sean Sweeney, Director, Global Labor Institute, Cornell University, New York, NY

Richard Swett, CEO, Climate Prosperity Enterprise Solutions, Concord, NH

Kaarin Taipale, Chair, Marrakech Task Force on Sustainable Buildings and Construction,

Ministry of the Environment, Government of Finland, Helsinki, Finland

Martin Tull, Director of Sustainable Technology, Formos, Portland, OR

Wayne Wescott, Principal, Wescott and Wyman, Melbourne, Australia

Mark Willis, Resident Fellow, Furman Center for Real Estate and Urban Policy, New York University, New York, NY

Eva Willmann de Donlea, Director, Beyond 2012-Climate Professionals, Sydney, Australia

Darcy Stallings Winslow, Manager, Sustainable Enterprise Certificate Program,

Willamette University, Salem, OR

Susan Witt, Executive Director, E.F. Schumacher Society, Great Barrington, MA

Michelle Wyman, Principal, Wescott and Wyman, Washington, DC

Joel Yudken, Principal, High Road Strategies, Arlington, VA

Dimitri Zenghelis, Senior Economic Advisor, Cisco Systems, and Senior Visiting Fellow, Grantham Research Institute

on Climate Change and the Environment, London School of Economics, London, UK

Climate Prosperity Alliance Working Groups

Coordination with Climate Prosperity, Inc. Co-Chairs: Richard Fleming, President and CEO, St. Louis Regional Chamber and Growth Association, St. Louis, MO; Doug Henton, Chairman and CEO, Collaborative Economics, Mountain View, CA.

Metrics–Outreach to Entrepreneurs and Policymakers. Co-Chairs: Andrea Bassi, Deputy Director for Project Development and Modeling, Millennium Institute, Arlington, VA; Martin Tull, Director of Sustainable Technology, Formos, Portland, OR.

Outreach to Business Organizations. Co-Chairs: Richard Eidlin, Principal, Eidlin Consulting, Denver, CO; Michael Fleming, President, American Chamber of Commerce Executives, Alexandria, VA.

Outreach to Civic Organizations. Co-Chairs: Robert McNulty, President and CEO, Partners for Livable Communities, Washington, DC; Adele Simmons, President, Global Philanthropy Partnership, Chicago, IL.

Outreach to Economic Development Organizations. Co-Chairs, John Cleveland, Vice President, Innovation Network for Communities, Tamworth, NH; Shari Garmise, Vice President for Knowledge Management and Development, International Economic Development Council, Washington, DC.

Outreach to Education and Research Institutions. Co-Chairs: James Gollub, CEO, E-Cubed, San Francisco, CA; Joel Rogers, Director, Center on Wisconsin Strategy, University of Wisconsin, Madison, WI, and Senior Advisor, Green for All, Oakland, CA.

Outreach to the Federal Government. Co-Chairs: Uwe Brandes, Vice President, Urban Land Institute, Washington, DC; Emily Wadhams, Vice President for Public Policy, National Trust for Historic Preservation, Washington, DC.

Outreach to Financial Institutions and Investors. Co-Chairs: Paul Hughes, President, Green Fox Energy Group, Newark, DE; Sean Kidney, Europe Manager, Climate Risk, London, UK.

Outreach to Labor Organizations. Co-Chairs: Lynn Hinkle, Principal, HK Climate Solutions, Minneapolis, MN; Joel Yudken, Principal, High Road Strategies, Arlington, VA.

Outreach to Land-Use and Transportation Organizations. Co-Chairs: Parris Glendening, President, Smart Growth Leadership Institute, Smart Growth America, Washington, DC; Keith Laughlin, President, Rails-to-Trails Conservancy, Washington, DC.

Outreach to Local Governments. Co-Chairs: Scott Polikov, Principal, Gateway Planning Group, Austin, TX; Graham Richard, Principal, Graham Richard Associates, Ft. Wayne, IN.

Outreach to State Governments. Co-Chairs: Phil Angelides, Chairman, Apollo Alliance, Sacramento, CA; Mary Jo Waits, Director, Social, Economic, and Workforce Division, National Governors Association, Washington, DC.

Outreach to Sustainability Organizations. Co-Chairs: Lynne Barker, Program Director, STAR Community Index, ICLEI-Local Governments for Sustainability, USA Office, Seattle, WA; Stephanie McClellan, Policy Director, Office of the Governor, State of Delaware, Dover, DE.

Outreach to Urban and Regional Organizations. Co-Chairs: Andre Pettigrew, Executive Director, Office of Economic Development, Denver, CO; Kim Walesh, Chief Strategist, Office of the City Manager, San Jose, CA.

Promoting Innovative Technologies and Policies. Co-Chairs: Jackie Roberts, Director of Sustainable Technologies, Environmental Defense Fund, Washington, DC; Richard Swett, CEO, Climate Prosperity Enterprise Solutions, Concord, NH.

Former Climate Prosperity Alliance Working Group Co-Chairs

Lucy Blake, Joe Cortright, David Engel, Seth Fearey, David Feehan, Robert Ferguson, James Lopez,

John Melville, Shelley Poticha, Richard Seline, Ron Sims

Climate Prosperity generates substantial economic and employment growth and sustainable business and community development by demonstrating that innovation, efficiency, and conservation in the use and reuse of all natural and human resources is the best way to increase jobs, incomes, productivity, and competitiveness. In addition, Climate Prosperity is the most cost-effective method of promoting renewable energy and clean technologies, protecting the environment, and preventing harmful impacts from global warming.

“A penny saved is a penny earned.” – Benjamin Franklin

“Less is the new more.” – Ludwig Mies van der Rohe

“No problem can be solved from the same level of consciousness that created it.” – Albert Einstein

GLOBAL COAL TRANSITION AND CLEANTECH INVESTMENT INITIATIVE

James Nixon, President, Global Urban Development, Jigar Shah, CEO, Carbon War Room,

and Marc Weiss, Chair, Climate Prosperity Alliance

January 2010

FOUR KEY ELEMENTS OF THE GLOBAL STRATEGY:

1) Phase out burning coal worldwide by 2050

2) Establish a fixed global price on all coal exports

3) Raise funds to finance the transition to non-coal energy sources

4) Support private investment in a sustainable economic transition, particularly in developing countries

The post-Copenhagen outlook for an international treaty under the auspices of the United Nations Framework Convention on Climate Change (UNFCCC) appears to be quite bleak. This is mainly because the original 1992 Rio/1997 Kyoto approach is no longer working. National governments negotiating a new treaty are in conflict over both of the two key elements of Kyoto: 1) mandatory greenhouse gas emission reduction targets by country, to be implemented primarily through cap-and-trade regulatory systems; and 2) direct transfer of resources from developed country governments to developing country governments.

A viable alternative or supplement is to focus on a more unconventional strategy from the perspective of global diplomacy, but one that can be more effective both politically in terms of gaining support, and more importantly, economically and environmentally, in terms of actually preserving a global climate that supports healthy and prosperous lives for people and communities everywhere, as well as for other animals, plants, and living organisms throughout the world.

The two key elements of this new approach are: 1) completely and permanently phasing out all burning of coal worldwide by 2050, with an internationally agreed upon 40-year schedule for progressively phasing out all coal burning; 2) promoting $100 billion annually to be invested in energy and resource efficiency, renewable energy production, and clean/green technology infrastructure and companies in developing countries. These investments mainly will be made by the global private sector, with the support of financing, regulations, and other policies and programs from national governments and international agencies.

The best diplomatic framework for the coal phase-out and global investment strategy probably consists of bilateral negotiations between the US and China. Once the US and China reach agreement, then negotiations can be extended to major coal-exporting countries, and later to the UNFCCC.

The progressive coal phase-out will be financially enhanced by establishing a global fixed price on all coal exports by every nation. No country will have a competitive advantage over any other country in terms of price competition. The global fixed coal market export price will deliberately be set at a level that includes measurable transition costs, higher than current market prices. Coal companies will sell their product internationally, collect the revenues and profits, and then pay portion of the premium as a coal transition tax to their national government. National governments will disburse some portion of these funds to the UN and the World Bank.

The global fixed market price on coal exports will rise over time, and the national government tax will be scaled up accordingly. National governments can use such funds to subsidize an economic transition for the coal industry (including research and development on alternative economic and environmental uses for coal), for the electric utilities industry, for the shipping industry, and for coal workers and communities, as well as utilizing funds to invest in promoting and developing renewable energy, clean technologies, and sustainable infrastructure.

The UN and the World Bank will use their portion of the coal export funds to subsidize the economic transition for developing countries whose economies depend on coal imports, enabling them to generate alternative power sources and increase their overall resource efficiency, technological innovation, and sustainable economic competitiveness.

The reason that the global fixed price on all coal exports will serve as an effective policy tool is it will provide a market-based economic incentive for countries that have large coal reserves to discourage domestic coal consumption and encourage coal exports in order to raise domestic incomes, increase domestic jobs, expand public revenues to be reinvested in stimulating resource efficiency, and improve their nation’s global balance of payments and trade. Similarly, countries that do not possess large coal reserves but who depend on importing coal for cheap energy will now have a strong incentive to minimize coal imports and develop alternative power sources. This one vital market incentive will strongly support a more rapid and relatively smoother transition to the post-coal era.

In a sense the phasing out of coal-burning, as a communications campaign, can be compared to the campaigns in many countries to discourage smoking cigarettes and other tobacco products for public health reasons (“thank you for not burning coal”). For example, the State of Maryland utilized the funds received from the settlement of the tobacco company lawsuit to enable the state’s tobacco farmers to voluntarily either sell their farms at a favorable market price, or to accept payments in exchange for switching to the cultivation of alternative crops or converting their farmland to alternative land uses. From the perspective of global diplomacy, phasing out the burning of coal can also be compared with treaties and other international agreements to reduce nuclear weapons.

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CLIMATE PROSPERITY MEDIA/ARTS SALONS

Dr. Marc A. Weiss, Chairman and CEO, Global Urban Development, and Chair, Climate Prosperity Alliance

December 2009

Global Urban Development and the Climate Prosperity Alliance propose to help organize and serve as among the hosts of "salons" that will meet for several hours on a weekday evening every two or three months in cities around the world. These gatherings will be open to people from the communications media industries and performing arts-related professions who want to participate. The purpose will be to engage in wide-ranging conversation about how to more effectively create and promote a new paradigm of advanced technological environmental sustainability, something that has never existed since the modern industrial revolution began more than three centuries ago.

Through the media and the arts, we aim to identify new ways to create and present images of a future society of "Climate Prosperity" that is in relative harmony and balance with the cycles of nature based on conserving and reusing all natural resources (not only fossil fuels, but water, land, materials, etc.), rather than overusing and wasting them. In other words, under Climate Prosperity, people, places, and organizations worldwide actually get richer (or stay rich) by becoming greener, and earn more money by using fewer resources and reusing more. Everyone will be better off economically and environmentally, with greater prosperity, improved health, enhanced quality of life, and much more stable peace (because people won't be killing each other over increasingly scarce resources).

There are three ways that media/arts professionals can enlighten and entertain the general public about this new paradigm of sustainable industrial development, and "Be the Change" as Mahatma Ghandi famously said:

1) Create futuristic stories and scenarios, especially with visual elements, which portray people throughout the developed and developing world, living in advanced technological sustainability. Regardless of what drama or comedy, science fiction, documentary non-fiction, or video game content is in the foreground, the background will be digital and other images of modern sustainability. For example, there will still be Times Square in the future, but it will be based on LED lighting powered by renewable energy, and there will still be people driving cars to work and play, but they will be driving plug-in electric vehicles powered by renewable energy. All businesses and jobs will be "green" in the sense that their revenues are shaped by technological innovation and resource efficiency based on Green Savings, Green Opportunities, and Green Talent.

2) Present interesting and compelling images of current sustainability efforts, such as the amazing story chronicled in Ray Anderson's recently published book, Confessions of a Radical Industrialist, about how a corporate CEO of a petroleum-based industrial carpeting manufacturer and installer that was a wasteful polluter, decided to become a sustainable company and succeeded over 15 years in becoming far more environmentally friendly both in terms of the production processes and the products, and along the way substantially expanding market share, revenues, and profits. Ray Anderson's Interface Corporation definitely got richer by becoming greener and earned more money by using fewer resources and reusing more.

3) Identify, document, and share experiences about the most resource efficient, conserving, and recycling ways to produce telecommunications media and performing arts events and products. Media and arts professionals and businesses should also be getting richer by becoming greener, and demonstrating that innovation, efficiency, and conservation in the use and reuse of all natural and human resources is the best way to increase jobs, incomes, productivity, and competitiveness. In the Climate Prosperity/Sustainable Development/Green Economy paradigm, both the production process and the media/arts/educational content are at peace and in harmony with Mother Nature. Sustainability will be the guiding principle in theory and practice to the mutual betterment of everyone and everywhere.

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For Immediate Release:

NEW GLOBAL CLIMATE PROSPERITY SCOREBOARD FINDS OVER $1 TRILLION INVESTED IN GREEN SINCE 2007

Washington, DC – December 4, 2009 – Ethical Markets Media (USA and Brazil) and the Climate Prosperity Alliance today launched their Global Climate Prosperity Scoreboard® which tracks private investment in companies growing the green economy globally. This new, never before reported number, showing $1,248,740,645,993.00 (over $1.248 trillion) in total investment since 2007, indicates how investors and entrepreneurs are leading governments in promoting sustainable growth. The scoreboard totals investments in solar, wind, geothermal, ocean/hydro, energy efficiency and storage, and agriculture. We purposefully omitted nuclear, "clean coal," carbon capture and sequestration, and biofuels. We indicate which investments have been publically announced and committed by major companies for 2010 and beyond.

Dr. Marc A. Weiss, Chairman and CEO of Global Urban Development and Chair of the Climate Prosperity Alliance, said, "This $1.248 trillion of investments are not only from North America and Europe, but also from China, India, Brazil and other developing countries. They indicate that the private sector currently is ahead of governments in understanding that during the 21st century, people, places, and organizations can only get richer by becoming greener and only earn more money by using fewer resources and reusing more. Private capital investment is now leading globally in promoting technological innovation and resource efficiency that will accelerate environmentally and socially sustainable industrial growth and economic development throughout the world."

Dr. Hazel Henderson, futurist, author of Ethical Markets: Growing the Green Economy (Chelsea Green, 2006) and president of Ethical Markets Media, serves as vice-chair of the Climate Prosperity Alliance together with vice-chairs C.S. Kiang (China), Rodrigo Loures (Brazil), Lawrence Bloom (UK) and James Nixon (USA). Dr. Henderson said, "Ethical Markets Media's mission is reforming markets and growing the green economy globally. Our Global Climate Prosperity Scoreboard® will be updated regularly to show progress toward the ecologically sustainable economies that are vital to our common future. Societies are transitioning from the 300-year old, polluting, fossil-fueled Industrial Era to the advanced technologies of the information-rich Solar Age."

The Climate Prosperity Alliance, a volunteer, global network of financiers, businesses, economic development authorities, scientists and NGOs is based on earth systems science, showing the widespread evidence of destruction caused by the now-obsolete technologies of the combustion-based Industrial Revolution and its extraction and exploitation of the Earth's capital: oil, coal, gas, minerals, forests, water, land and biodiversity. Human societies are now gradually re-industrializing our economies using the Earth's income – the renewable energies of sun, wind, ocean/hydro, geothermal and non-agricultural biomass – based on human capital: new knowledge of planetary processes and ecosystems, designing our economies with Nature.

The Climate Prosperity Alliance uses the Climate Solutions 2 computer model of Australia's Climate Risk Pty., showing how $1 trillion invested every year for the next 10 years can assure the global transition to sustainable prosperity and job growth. This $10 trillion is less than the bailouts of failed banks in the USA and Europe and less than 10% of the world's pension and institutional funds of $120 trillion. Institutional fund managers can shift 10% of their assets away from hedge funds, risky derivatives and commodity speculation to real investments in a greener global economy, thereby assuring their beneficiaries a healthier future.

"While we encourage progress toward directly investing in growing the green economy, we urge government officials meeting in Copenhagen December 7-14, 2009, to follow the lead of these private investors that have already committed $1.248 trillion. We applaud our pension fund colleagues of the UN Principles of Responsible Investing who have joined in pledges to allocate more of their members' $19 trillion of assets into similar green companies. Now, governments must go beyond arguing over targets, caps and carbon-trading – and follow the lead of China and the USA in their comprehensive plan for cooperation on clean energy and climate change. Such a general agreement in Copenhagen can promote and underwrite more direct investments and growth of the green economy," said Dr. Henderson.

The new Global Climate Prosperity Scoreboard® is researched and compiled by the Ethical Markets Media expert team: Timothy Nash, M.Sc., principal, Strategic Sustainable Investments, Toronto; Rachel Tubman, M.Sc., senior researcher/futurist; assisted by The Cleantech Group and members of the Ethical Markets Sustainability Research Group. As these investments increase, the scoreboard will track totals, providing investors and governments with tangible evidence of the growing green economy.

Contacts:

· Dr. Hazel Henderson, President, Ethical Markets Media, www.ethicalmarkets.com, hazel.henderson@ethicalmarkets.com, 1-904-829-3140

· Dr. Marc A. Weiss, Chairman and CEO, Global Urban Development, www.globalurban.org, and Chair, Climate Prosperity Alliance, www.climateprosperity.com, marcweiss@globalurban.org, 1-202-554-5891

· Rosalinda Sanquiche, Executive Director, Ethical Markets Media, rosalinda.sanquiche@ethicalmarkets.com, 1-904-826-1381

· Timothy Jack Nash, Co-founder, Strategic Sustainable Investments, nash@ssinvest.com, 1-416-821-9179

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GLOBAL CLIMATE PROSPERITY AGREEMENT:

“THE ONE TRILLION DOLLAR DEAL”

Dr. Tariq Banuri, Director, Division of Sustainable Development, United Nations Department of Economic and Social Affairs,

and Dr. Marc A. Weiss, Chairman and CEO, Global Urban Development, and Chair, Climate Prosperity Alliance

March 2009

The Global Climate Prosperity Agreement -- “The One Trillion Dollar Deal” -- can become the worldwide game-changer that will demonstrate the positive path forward for human civilization in the 21^st century, namely the peaceful transition from the current globally unsustainable economy to an advanced technology-driven and environmentally sustainable industrialized society. Key private sector executives are organizing this completely voluntary, market-oriented, public-private investment and development strategy whereby corporations, financial institutions, insurance companies, pension funds, equity investment funds, and others will commit to invest one trillion dollars in developing countries over the next decade to build a new and modern infrastructure based entirely on renewable energy and clean technologies, including plug-in electric vehicles and “smart” and “super” electric grids. These investments and related projects will be supplemented and enhanced by additional funds, tax incentives, and regulatory policy support from governments, along with funds that will come from international donor agencies, official development assistance, and private philanthropy. The United Nations and World Bank, including various UN agencies and regional development banks, can play a key role in enabling these investments to succeed.

The Global Climate Prosperity Agreement will help achieve the Millennium Development Goals in developing countries, by raising living standards and promoting sustainable economic and employment growth and sustainable business and community development through innovation, efficiency, and conservation in the use and reuse of all natural and human resources. It will benefit developing and developed nations alike, generating a dynamic upward cycle of sustainable economic prosperity, job creation, and income growth worldwide, while simultaneously reducing greenhouse gas emissions, through increased production and distribution of renewable energy and clean technologies that optimize overall resource efficiency. Under Climate Prosperity, economic livelihoods and well-being, quality of life, public health and safety, and peace and security, will improve for billions of people in every place throughout the world. It will revive the global economy from its current market recession, stimulate massive long-term employment and income growth, and protect the economy and environment from resource supply shortages, catastrophic climate change, and other major threats and challenges.

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FREQUENTLY ASKED QUESTIONS BY POTENTIAL INVESTORS

ABOUT THE GLOBAL CLIMATE PROSPERITY AGREEMENT

Q: Is this philanthropy?

A: No. All of the one trillion dollars worth of investments will be based on typical market rates of return for the type of risk category according to your financial institution’s underwriting criteria and fiduciary responsibility.

Q: What type of investments will we be making?

A: Investments will be in infrastructure based on renewable energy and clean technologies, with physical asset value and dedicated, predictable revenue streams with which to repay both debt and equity investments, but primarily debt instruments such as normal capital market bond financing to build and operate basic infrastructure. Investments also will be in renewable energy and clean technology businesses located and operating in developing countries, including venture capital, shares of stock, and other equity investments, in addition to debt financing.

Q: Will we be contributing money into some type of managed fund?

A: No. Your institution will directly make all of the investments. You will control the decision-making process as to whether or not to make any particular investment, choosing from a broad and diverse range of types of investments by country and region, by technology, by governance, by rate of return, by risk, by growth potential, and many other key decision factors.

Q: Will there be any kind of credit enhancement, loan guarantees, or public subsidies?

A: We expect that for each investment opportunity there will be public intervention by national governments, international agencies such as the UN and World Bank, and international donors ranging from official development assistance from developed country governments to private foundations, to ensure the safety and soundness of these investments both as to definite returns to the investors and as to the effectiveness of the infrastructure and technologies in promoting Climate Prosperity.

Q: If I make a commitment, is it legally binding?

A: No. Your commitment is a statement of intent. You are stating that your financial institution, in its strategic portfolio investment planning for the decade 2010 to 2020, intends to make a certain dollar amount of investments in renewable energy and clean technologies in developing countries, provided that each and every investment meets all of your institution’s underwriting criteria as to safety and soundness. You will not be required to make any investments that do not fully satisfy all such criteria, meaning that by the end of 2020, you might not fulfill your original commitment in terms of the total dollar amounts invested, or alternatively, you might also exceed your original commitment and invest more money than you initially intended.

Q: How do you define developing countries?

A: We use the United Nations definition of developing countries, all of which will be eligible for investments under the Global Climate Prosperity Agreement. In addition, $200 billion of the total one trillion dollar deal will be targeted to the Least Developed Countries, as defined by the UN.

Q: How do you define renewable energy?

A: The Global Climate Prosperity Agreement follows the definition of renewable energy according to the official Statutes of the International Renewable Energy Agency (IRENA) signed by 136 countries worldwide. Eligible investments include solar, wind, hydropower, geothermal, tidal, wave, biomass, biofuels, and energy efficiency.

Q: How are clean technology investments defined?

A: The specifics will change over time as new technologies emerge and can be scaled up, but the bottom line is that clean technologies are defined as being environmentally sustainable in terms of the overall ecological footprint based on how the resource inputs are obtained, the production process in the use of the materials, the deployment and environmental impacts of the technologies, and the ability to completely recycle all of the component resources in harmony with the cycles of nature such that essentially there is no waste.

Q: Why do you take this approach?

A: We agree with the business sustainability movement’s argument that Resource Efficiency and Energy Productivity, as defined for example by McKinsey and other management consultants, is the only way for companies or communities to survive and thrive. As we say, in the 21^st century people, places, and organizations can only get richer by becoming greener, and can only earn more money by using fewer resources and reusing more.

Q: What is the main purpose of the Global Climate Prosperity Agreement?

A: The overall purpose of Climate Prosperity is to enable people, places, and organizations worldwide to achieve and maintain a high standard of living based on innovation, efficiency, and conservation in the use and reuse of all natural and human resources, thereby moving the global economy by 2020 from its current system of resource-wasting industrialism to a new economically and environmentally sustainable resource-saving industrialism. Climate Prosperity is about the wise and efficient use and reuse of all resources in relative harmony and balance with nature. This includes, of course, reducing the use of fossil fuels such as oil, gas, and coal, and drastically reducing emissions of greenhouse gases such as carbon dioxide and methane, as well as removing carbon dioxide from the atmosphere through natural and sustainable processes. However, it also involves water, land, air, trees, plants, animals, and every other resource, especially people.

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Climate Prosperity: Why Marx was wrong and Mother Nature is right

Marc A. Weiss

(This article was published in the May/June 2009 issue of Tikkun Magazine.)

During the 1840s, two young German scholars, Karl Marx and Frederick Engels, applied George Hegel’s dialectical philosophy of history to economics and politics. They envisioned modern history in three distinct phases:

Phase 1 Economy: agricultural feudalism and urban mercantilism
Governance: monarchy or dictatorship

Phase 2 Economy: industrial capitalism
Governance: monarchy or dictatorship, with limited experiments in democracy

Phase 3 Economy: industrial socialism/communism
Governance: proletarian dictatorship

While Marx and Engels later strongly supported European Social Democratic political parties and movements, they never modified their basic historical framework. They could not envision in 1848 how democratic capitalism would provide unprecedented human freedom, civil rights, and economic opportunities for millions of people worldwide by 2009. Once people taste the fruits of liberty, they never want to return to living with tyranny.

This one simple explanation, more than any other factor, accounts for the dramatic decline of communist and socialist ideologies during the past three decades, as I discovered while working in Prague after the Velvet Revolution.

It later turned out, as we now know, that there is a big problem with contemporary capitalism, namely the massive and inefficient utilization of a wide variety of natural resources both for industrial production and for human consumption.

Resource depletion and environmental challenges were generally ignored until the second half of the twentieth century. Only a few earlier commentators such as the poet William Blake raised concerns about industrialization (Blake called nineteenth-century British textile factories “dark Satanic mills”). It took until the 1960s for rapidly accelerating physical damage, diminishing supplies, and rising costs to finally place the issue of sustainability on the global policy agenda. Climate change is really just the tip of the iceberg in that all natural resources—land, water, and materials—are becoming increasingly scarce, expensive, and dangerous to continue using so excessively and wastefully.

Fortunately it is not too late to create an even higher standard of living for every person and community throughout the world, by shifting from resource-wasting capitalism to resource-saving capitalism. In the twenty-first century, the only way to get richer is by becoming greener, and the only way to earn more money is by using fewer resources and reusing more. In other words, the global economy can significantly enhance prosperity and quality of life for people everywhere by treating Mother Nature as our good friend and one of our most precious assets, rather than as our enemy to be exploited and conquered.

The main challenge is for each of us to acknowledge the ancient wisdom of two essential values: 1) new is not always better than old; and 2) more is not always better than less.

Global Urban Development is coordinating Climate Prosperity, whose core belief is that “innovation, efficiency, and conservation in the use and reuse of all natural and human resources is the best way to increase jobs, incomes, productivity, and competitiveness.” The project’s main purpose is to creatively use business sustainability concepts taken from Paul Hawken, Amory and Hunter Lovins, Peter Senge, Karl-Henrik Robert, William McDonough, Daniel Esty, and the McKinsey Global Institute, as applied by companies such as GE, IBM, Toyota, IKEA, DuPont, Google, Nike, and Apple.

This model has three key elements:

1) Green Savings—reducing waste and cutting costs;

2) Green Opportunities—expanding jobs and businesses by raising revenues and increasing market share;

3) Green Talent—investing in fundamental assets including technology, infrastructure, and most importantly, modern entrepreneurial and workforce skills, because people are now the world’s most vital economic resource.

Through state, regional, and local Climate Prosperity Strategies, places like Silicon Valley and the State of Delaware are now using the three-part business sustainability model to promote economic development that saves money, creates jobs, raises incomes, and keeps us all safe from environmental harm. This summer the International Economic Development Council will publish the Climate Prosperity Handbook, describing the various strategies and explaining how to develop and implement such approaches most effectively.

Currently there is talk of a Global Climate Prosperity Agreement, with developed countries committing to invest one trillion dollars in developing countries over the next decade to build renewable energy and clean technologies, enabling living standards to rise and poverty to be eliminated through sustainable innovation and resource efficiency. These investments will generate substantial economic and employment growth for every nation throughout the world.

The bottom line is that Marx and Engels were wrong, because the real three-phase historical dialectic is as follows:

Phase 1 Pre-industrial sustainability

Phase 2 Resource-wasting industrialization

Phase 3 Innovative, efficient, sustainable, inclusive, democratic, resource-saving industrialism.

Now that we can envision a healthier, more peaceful, and prosperous future in harmony with Mother Nature, let’s all thank her for showing us the one and only path that can definitely ensure our grandchildren will thrive.

(Dr. Marc A. Weiss is Chairman and CEO of Global Urban Development and Chair of the Climate Prosperity Alliance. He served as Special Assistant to the Secretary of the U.S. Department of Housing and Urban Development in the Clinton administration, and was a Professor of Urban Development and Planning at Columbia University.)

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Reviving the Economy through Climate Prosperity

Marc A. Weiss

(This newspaper column is nationally syndicated by Citiwire, and was published on October 20, 2008.)

Climate protection and economic growth are not enemies. Core strategies to create a vibrant economy – innovation, efficiency, strategic investment, and finding better ways to use and reuse resources – are exactly the same steps we need to cope with global climate change now. These actions will increase jobs, incomes, productivity, and competitiveness, and they’re green.

There are commentators who advocate postponing investments in renewable energy and clean technologies, suggesting this will somehow delay economic recovery. They’re dead wrong. In the 21^st century, the only way for people and places to get richer is by thinking and acting for sustainability, specifically aiming to become “greener.”

How do we get this message out to the cities and regions of America? How do we encourage them to switch their economic growth, community development, infrastructure, education and workforce, land-use, transportation, housing, and environmental policies to look courageously forward?

Climate Prosperity was launched in 2007. It is coordinated by Global Urban Development and Collaborative Economics, with financial support from the Rockefeller Brothers Fund and the Environmental Defense Fund. We’ve been joined by a highly diverse public-private partnership of pro-business groups such as the International Economic Development Council, American Chamber of Commerce Executives, Urban Land Institute, Council on Competitiveness, International Downtown Association, and American Council on Renewable Energy.

We hope to get millions of people involved in learning the new 21^st century economic paradigm. Technology companies, including Google and Applied Materials, helped launch the Silicon Valley Climate Prosperity Strategy in partnership with elected officials such as San Jose Mayor Chuck Reed.

Among other cities, counties, and metropolitan regions working with us on Climate Prosperity Strategies are King County/Seattle, Denver, Portland, St. Louis, Cleveland, Minneapolis-St. Paul, Charlotte, Pittsburgh, San Antonio, Southwest Florida, and Montgomery County (Maryland). States working with us on Climate Prosperity Strategies include Delaware, Florida, Maryland, and California. In July 2009 the International Economic Development Council will publish the Climate Prosperity Handbook.

The economics driving a shift to new approaches seem compelling. Oil prices have hit huge peaks in the past year as global demand grows exponentially (hindered only temporarily by the current recession). The United States consumes one-quarter of the world’s oil and yet possesses just three percent of the world’s reserves. The only way to stop the bleeding and staunch the flow of over one-half trillion dollars annually to foreign oil producers is by consuming less petroleum.

Fossil fuels are not the only commodities becoming increasingly expensive. Steel prices, for example, have skyrocketed by nearly 170 percent since 2002. As economic development and population growth accelerate in Asia and throughout the world, serious conflicts are growing as people and places fight over scarce water, land, and many other vital resources. Even the states of Georgia, Alabama, and Florida are battling over fresh water sources due to a severe drought. America, with five percent of the world’s population, consumes 25 percent of the world’s resources.

The idea of moving from “resource-wasting capitalism” to “resource-saving capitalism” is not new. Business development experts such as Paul Hawken, Amory and Hunter Lovins, William McDonough, and Peter Senge have long advocated this approach. The business sustainability model works in three mutually reinforcing ways: 1) Green Savings — cutting resource costs; 2) Green Opportunities — enabling businesses and jobs to grow and thrive; 3) Green Talent — developing globally competitive entrepreneurial and workforce skills, and attracting and retaining talented people.

Numerous corporations, including DuPont, General Electric, IBM, and Nike, are practicing innovation, efficiency, and conservation to enhance their productivity and competitiveness. DuPont responded to “peak oil” by switching from petrochemicals to life science bio-products, substantially improving their profitability through saving $3 billion and expanding revenues by producing goods that are better for the environment.

Fortunately, we have some success stories in which these business sustainability principles have guided economic development in place-based, area-wide economies. According to the California Green Innovation Index, Californians saved $56 billion on electricity expenses over the past three decades through improved energy efficiency, primarily from state and local government policies requiring higher standards for buildings and electrical appliances and providing financial incentives for utility companies, businesses, and households to conserve energy and use renewable sources. Private consumers reinvested much of this savings in the state's economy, directly contributing to higher economic growth and greater prosperity by generating 1.5 million full-time jobs with total annual income of $45 million.

Similarly, people in metropolitan Portland, Oregon save more than $2 billion annually due to the land-use and transportation changes that have occurred during the past three decades. By modestly increasing population and building densities and developing light-rail transit together with mixed-use communities encouraging walking and bicycling, Portlanders have reduced greenhouse gas emissions and vehicle miles traveled while jobs, incomes, and investments have boomed. California and Portland both got richer by becoming greener.

So we know how to build more prosperous, green, climate-protecting regions. Now is the time to get serious and spread the message to communities, cities, regions, and states.

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Climate Prosperity: Democratic Capitalism with a Twist

[Watch Webcast of Shari Garmise, Stephanie McClellan, Graham Richard, Blair Ruble, Phillip Singerman, and Marc Weiss at the Woodrow Wilson International Center, Washington, DC, February 4, 2009]

DOCUMENTS

Please feel free to read, download, and print out the following documents provided in the links below. We will continue to update this section of our website and add more documents.

Global Coal Transition and Cleantech Investment Initiative, January 2010

Climate Prosperity Media/Arts Salons, December 2009

Global Climate Prosperity Scoreboard Media Release, December 4, 2009

Global Climate Prosperity Scoreboard

Investing in Climate Prosperity

Scoreboard Documents $1.25 Trillion of Private Investments in Renewables and Clean Tech Since 2007

Climate Bonds Initiative

Global Climate Prosperity Agreement: “The One Trillion Dollar Deal”

Frequently Asked Questions by Potential Investors about the Global Climate Prosperity Agreement

Reviving the Economy through Climate Prosperity

Climate Prosperity: Why Marx was wrong and Mother Nature is right

Silicon Valley Climate Prosperity Strategy