Green Inaugural Ball: Quotes for a New Green Economy
On Dr. Martin Luther King, Jr.

“We believe that if Dr. King were with us today, he would be working to build a green economy — strong enough to lift people out of poverty and restore hope to America.” – Van Jones, before the U.S. House Select Committee on Energy Independence and Global Warming, January 15, 2009.

Barack Obama
“My presidency will mark a new chapter in America’s leadership on climate change” – Barack Obama, at a Global Warming Summit in California, November 17, 2008 (video).

“I strongly agree with Vice President Gore that we cannot drill our way to energy independence, but must fast-track investments in renewable sources of energy like solar power, wind power and advanced biofuels, and those are the investments I will make as President. It’s a strategy that will create millions of new jobs that pay well and cannot be outsourced, and one that will leave our children a world that is cleaner and safer.” – Barack Obama, July 17, 2008.

“My presidency will mark a new chapter in America’s leadership on climate change that will strengthen our security and create millions of new jobs in the process.” – President-elect Barack Obama, Global Climate Summit, November 18, 2008 (video).

“The time for delay is over. The time for denial is over. We all believe what the scientists have been telling us for years now, that this is a matter of urgency and national security and it has to be dealt with in a serious way. That’s what I intend my administration to do.” Barack Obama, after meeting former Vice President Al Gore in Chicago, December 9, 2008.

“Our goal should be… we are free of dependence on Middle Eastern Oil.” – Barack Obama, Presidential debate, October 7, 2008.

“This is the moment when we must come together to save this planet.” – Barack Obama, Berlin Germany, July 24, 2008 (video).

“Let us resolve that all nations will act with seriousness of purpose, and reduce the carbon we send into our atmosphere. This is the moment to give our children back their future. ”- Barack Obama, Berlin Germany, July 24, 2008 (video).

The Obama-Biden New Energy for America plan will help create five million new jobs by strategically investing $150 billion over the next ten years to catalyze private efforts to build a clean energy future. – Source.

The Obama-Biden New Energy for America plan will Put 1 million Plug-In Hybrid cars — cars

Modern energy currently accounts for a little over 1 per cent of the world’s power production. If the necessary political decisions are made now, opening up for massive investments for example in power grids, Vestas expects that modern energy will account for at least 10 per cent of global power production in 2020. To achieve this, more than 900,000 MW of modern energy must be installed during the period 2008-2020, which translates into annual growth in installed capacity of 20-25 per cent. The market will thus rise to an average of at least 80,000 MW per year over the next 12 years, against 20,000 MW in 2007. Vestas’ expectations are underpinned by China’s announcement that it intends to have 100,000 MW of installed capacity by 2020 and by the letter of intent signed by Vestas and five other wind turbine manufacturers in June 2008 with the US Department of Energy with a view to jointly seeking to ensure that wind power will account for 20 per cent of US power consumption by 2030.
As a result, for many years going forward Vestas will invest heavily in new capacity around the world, developing its organisation and sub-suppliers in order to expand its position as the No. 1 in Modern Energy. Vestas is building factories and development centres in the USA, China, the UK, Spain and Denmark. By the fourth quarter of 2008 and the first quarter of 2010, capacity will have been increased by 3,000 MW and at least 2,500 MW compared with 2006 and 2009, respectively. Total investments in organic growth will amount to EUR 2.5bn for the period 2005-2009.
Investments in the USA are being made although the PTC scheme has only been extended until the end of 2009. This is because of the good long-term growth prospects for the US market, where 30 states currently have their own targets for renewable energy’s share of the energy mix. A coherent national US energy policy with carbon credits and clear and ambitious sub-targets that effectively implement the letter of intent with the US Department of Energy will result in more investments and further strengthen the massive job creation in the industry.
The expansion in the USA and China will contribute to ensuring an improved currency mix between income and expenses. In 2007, Vestas generated 58 per cent of its revenue in eurozone countries. The share of costs in the eurozone is significantly higher.

Most folks in world (99.999999%) have never ever heard of APWR nor do they understand that China ironically, is going to be the number one wind power producer in the year 2012 which is only 3 years away in time. Everyone in world (ok, maybe 90%) have heard of GE and know that GE is #2 in wind power (ok, 1% probably even know GE does Wind). However , GE has signed to partner with APWR for future China wind turbine/gear box plants in China. GE and APWR partnering is like Pnut Butter and Jelly sandwich for wind cause once GE rolls out APWR, everyone will be scrambling to buy APWR in the future for future growth in wind power. China is on record to build 47,000 wind turbines by year 2020.

GE validates the APWR biz model even though short term problems are present at the Shenyang production facility (turbines slow to be built/assembled). The most interesting part about GE and APWR is APWR’s aggressive plans to roll out another Wind Turbine production facility in inner Mongolia China. APWR is spending 20 million dollars to produce this second production facility inside inner Mongolia which is scheduled to have 118 Wind Farms on the drawing boards. APWR has not even finished its first facility in Shenyang China but is already aggressively building the second facility which will bring APWR to 1800 Megawatts of wind production by end of 2010. Again, my beleif and research bbrings me to buying APWR for the long term despite the short term global credit crisis effecting every bbusiness world wide. Investing in the stock market is for the future, not the present. APWR could be a growth story beyond comprehension over time.

A-Power Energy (APWR) has entered into an MOU agreement with Mongolia to construct a new 290,000 square foot wind turbine production facility with the capacity to produce approximately 800 MW of wind turbines each year.

“The new facility will be similar in size to the first phase of our facility recently completed in Shenyang and its strategic location will be advantageous to serve this particular part of Inner Mongolia’s wind belt. We plan to begin construction on this facility in October 2008 and it is expected to be completed in July 2009 at a cost of approximately $20 million.”

The Clean Development Mechanism has contributed to the deployment of wind energy globally. As of October 2008, a total of 538 wind energy projects were in the “CDM pipeline”, totaling an installed capacity of 20,434 MW. This represents 14% of the total number of projects introduced into the pipeline. Almost 7 million CERs have already been issued to these wind projects, a number that will go up to a total of 213 million by the end of the first commitment period in 2012 for the projects currently in the pipeline.

The majority of these projects are located in China and India. In China, 90% of wind energy projects have applied for CDM registration, and there are now 254 projects in the CDM pipeline, making up more than 13 GW of capacity. India has 231 projects in the pipeline, totalling more than 4 GW.

The limited number of countries with CDM-supported wind projects reflects the fact that carbon finance is a useful, and in some cases necessary condition for the development of wind power in the developing world, but it is by no means sufficient. In the case of both India and China carbon finance functions alongside a wide range of other measures necessary for countries to diversify and decarbonise their power supply sectors.
There are signs that some other countries may join the list of major host countries for wind power projects assisted by CDM carbon finance. However, it is clear that the ultimate responsibility for this lies with active government implementation of policies and measures to create the enabling environment within which carbon finance can play its role – as an important source to defray the marginal costs of wind power versus conventional fossil fuel plants. This is particularly
the case in the absence of an economy-wide cap on carbon emissions.