LONDON AND NEW YORK — Clean energy ditched the ‘alternative’ label with the trillionth dollar invested in 2011, and has seen costs fall dramatically in the last three years. Now the clean energy industry is facing up to what a post-subsidy future could look like.
Michael Liebreich, Chief Executive of Bloomberg New Energy Finance says: “After a few years of dramatic – in some cases painful – cost reductions, clean energy technologies are on the cusp of becoming competitive, whether it is rooftop solar competing with daytime retail power prices, or the best wind- farms producing power as cheaply as fossil-fuelled plants.
“Yet at the same time, support mechanisms that might be needed to get the sector through the next few years to maturity are under pressure as never before, due to the fiscal and political environment. How does this play out? How should companies navigate the transition to a post-subsidy world? How can policy- makers reduce and then remove subsidies without killing the industry? Should any forms of subsidy at all survive long-term? Can fossil-fuel subsidies be redirected to support cleaner solutions? These are all vital questions which we hope to explore at the Summit.”
Every year for the past five years the Summit has been an important draw for top energy experts from industry and finance. This year it takes place in New York, March 19-21 with another impressive line up of speakers from industry, finance, academia and policy including:
-Khalid Al Hajri, Board Member and CEO, Qatar Solar Technologies
-Jorge Calvet, Chairman and CEO, GAMESA CORPORACIÓN TECNOLÓGICA
-Jaime Carlson, Advisor for Finance and Operations to Secretary Chu, US Department of Energy
-Kimberly Corley, Managing Director of CO2 and Environmental Affairs, Shell
-Michael Eckhart, Managing Director, Citigroup
-Peter Gutman, Global Head, Renewable Energy and Environmental Finance, Standard Chartered Bank
-Charles Holliday, Chairman of the Board, Bank of America
-Mark Hopkins, Director of International Energy Efficiency, UN Foundation
-Jean Huby, CEO, AREVA Wind
-Kirsty Jenkinson, Director of Markets and Enterprise Program, World Resources Institute
-Ray O. Johnson, CTO, Lockheed Martin
-Nigel Jollands, Principal Policy Manager, European Bank for Reconstruction and Development
-Richard Kauffman, Senior Advisor, US Department of Energy
-Henrik Kuffner, CEO, Windmade
-Katrina Landis, CEO, BP Alternative Energy
-Carrie McKellog, Unit Chief, Access to Basic Services, Multilateral Investment Fund, IADB
-Bruce Li, Vice President of International Business Development, Ming Yang
-Amory Lovins, Co-founder, Chairman and Chief Scientist, Rocky Mountain Institute
-Lowell McAdam, CEO, Verizon
-Clay Nesler, VP, Global Energy and Sustainability, Johnson Controls
-Shawn Qu, Chairman, President, and CEO, Canadian Solar
-Gil Quiniones, President and CEO, New York Power Authority
-Theodore Roosevelt IV, Managing Director, Barclays
-V. Saibaba, CEO, Lanco Solar
-Jimmy Samartzis, Managing Director of Environmental Affairs and Sustainability, United Continental Airlines
-Nobuo Tanaka, former Executive Director of International Energy Agency
Bloomberg New Energy Finance is the world’s leading provider of news, data and analysis on clean energy, water, and carbon markets. Each year the Summit addresses three core challenges of the clean energy industry: technology development; building a competitive clean energy infrastructure, and integrating into the world’s energy system. This year, as governments and consumers place renewed focus on clean, abundant and cost- effective sources of energy, the Summit will ask ‘how should clean energy chart a course to a post-subsidy world?’
Bloomberg New Energy Finance also welcomes and thanks our Summit Partners – BP Alternative Energy, Bank of America Merrill Lynch, Lockheed Martin; our Industry Partner – Canadian Solar; and sponsors Pew Foundation and Fjord Capital.
For more information and to register, go to BNEF Summit.com
About Bloomberg New Energy Finance
Bloomberg New Energy Finance (BNEF) is the world’s leading independent provider of news, data, research and analysis to decision makers in renewable energy, energy smart technologies, carbon markets, carbon capture and storage, and nuclear power. Bloomberg New Energy Finance has staff of more than 180, based in London, Washington D.C., New York, Tokyo, Beijing, New Delhi, Singapore, Hong Kong, Sydney, Cape Town, São Paulo and Zurich.
Bloomberg New Energy Finance serves leading investors, corporate and governments around the world. Its Insight Services provide deep market analysis on wind, solar, bioenergy, geothermal, carbon capture and storage, smart grid, energy efficiency, and nuclear power. The group also offers Insight Services for each of the major emerging carbon markets: European, Global Kyoto, Australia, and the U.S., where it covers the planned regional markets as well as potential federal initiatives and the voluntary carbon market. Bloomberg New Energy Finance’s Industry Intelligence Service provides access to the world’s most reliable and comprehensive database of investors and investments in clean energy and carbon. The News and Briefing Service is the leading global news service focusing on clean energy investment. The group also undertakes applied research on behalf of clients and runs senior level networking events.
New Energy Finance Limited was acquired by Bloomberg L.P. in December 2009, and its services and products are now owned and distributed by Bloomberg Finance L.P., except that Bloomberg L.P. and its subsidiaries (BLP) distribute these products in Argentina, Bermuda, China, India, Japan, and Korea. For more information on Bloomberg New Energy Finance: BNEF.com
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