The Energy Efficiency Financing Challenge: Can Capital Markets Deliver Environmental Benefits? A Panel Discussion Presented by Echoing Green's Social Investment Council
Tuesday, September 29, 2009 from 6:30 PM to 8:30 PM (EDT)
New York, NY
PLEASE NOTE: Registration for this event has closed. The room is not entirely filled yet, and we are happy to take drop-in attendees until we reach capacity. Thank you!
Can markets function to create environmental benefit? One could argue that history shows how global capital markets have been environmentally agnostic at best, and environmentally destructive at worst. What's different today?
A recent McKinsey report indicating a potential $680 billion profit derived from energy savings; despite a number of other high-level reports indicating potential returns generated through efficiency gains, there remains an almost total lack of financing vehicles available to translate energy efficiency into financial returns.
Co-hosted by Echoing Green's Social Investment Council, NYU's Environmental Law Society, the Law and Social Entrepreneurship Association, and the Real Estate and Urban Policy Forum, this interactive panel discussion brings together experts to share their research, demonstration projects, and visionary ideas for what's next in the energy efficiency arena, and what can be done to accelerate the shift toward markets which reward environmental benefit.
Reuben Teague, Principal, Green Coast Enterprises; 2008 Echoing Green Fellow
Susan Leeds, Center for Market Innovation, Natural Resources Defense Council
Adam Freed, Deputy Director of Mayor Bloomberg’s Office of Long-Term Planning and Sustainability
Kathy Baczko, City Director for New York, Clinton Climate Initiative
Moderator: Alisa Valderrama, Executive Director, EcoNext Alliance; managing partner, Ardis Capital Advisors; Social Investment Council member
About the Social Investment Council at Echoing Green
The Social Investment Council is a group of more than eighty highly talented and socially conscious rising leaders from the private sector who support and spread the word about Echoing Green's work. To find out more about the Council, please visit: http://www.echoinggreen.org/about/social-investment-council.
Reuben Teague is a co-founder and principal of Green Coast Enterprises, reshaping the approach to real estate development across the Gulf Coast and beyond in response to the tremendous challenges caused by global climate change. He served as a law clerk in the chambers of the Hon. Edith Clement of the United States Court of Appeals for the Fifth Circuit during the 2006-07 term. He clerked for the Hon. Sarah Vance of the United States District Court for the Eastern District of Louisiana during the 2005-06 term. He is a 2008 Echoing Green Fellow.
Susan Leeds is a senior finance fellow at NRDC’s Center for Market Innovation. Susan works with the financial community to ensure that investors and intermediaries are factoring carbon risk into their investment decisions, and to accelerate investment in clean energy and energy efficiency. Prior to joining NRDC, Susan worked in investment banking and credit enhancement products, structuring and negotiating capital markets transactions with a focus on securitization. She has spent more than fifteen years at various financial firms including Deutsche Bank, GE Capital and Prudential Securities. Susan has an MBA in finance from the Wharton School.
Adam Freed is the Deputy Director of Mayor Bloomberg’s Office of Long-Term Planning and Sustainability, which is responsible for implementing New York City’s long-term sustainability plan (“PlaNYC”). In this capacity, Freed leads the City’s climate change adaptation efforts and chairs the New York City Climate Change Adaptation Task Force. Previously, Freed served as the Assistant Comptroller for NYC in the Office of the New York State Comptroller, where he focused on economic development and crafted corporate governance strategies for the $150 billion state pension fund. Freed has also worked on several city, state, and national political campaigns. Freed received his master's in Urban Planning from NYU and is a member of the American Institute of Certified Planners.
Kathy Baczko is the City Director for New York of the Clinton Climate Initiative. Kathy joined the Clinton Foundation in 2005, working for 2 years on issues of water/sanitation in developing countries for the Clinton Hunter Department Initiative. As the Clinton Climate Initiative was launched in May 2007, she became City Directof for NYC and works closely with PLANYC 2030 and the Mayor's Office of Long Term Planning and Sustainability. Kathy manages multiple on-going CCI building retrofit projects in the public and private sector. Working in partnership with a number of organizations including USGBC, Rocky Mountain Insitute, ICLEI, and BOMA, the Clinton Initiative is creating replicable models to dramatically reduce greenhouse gas emissions in cities. Kathy's background includes project management, strategic planning, fund-raising, and advocacy in the non-profit sector. She is a graduate of Georgetown University.
Alisa Valderamma, Panel Moderator and Social Investment Council member, is the Executive Director of the EcoNext Alliance and managing partner of Ardis Capital Advisors, an investment fund focused on financing energy efficiency retrofits. Previously, she worked on the Finance team with the Clinton Climate Initiative. Alisa earned a B.A. from the University of Pennsylvania, and holds a law degree from the University of Southern California and a Masters in International Law from the London School of Economics.
When & Where
Echoing Green unleashes next generation talent to solve the world's biggest problems. Since our founding almost 25 years ago, Echoing Green has invested nearly $30 million in seed funding to almost 500 social entrepreneurs and their innovative organizations. Recognized Echoing Green Alumni include the founders of Teach For America, City Year, The SEED Foundation, and SKS Microfinance.