The costs of hosting the Olympics have skyrocketed in recent decades, while the economic benefits are far from clear. This has caused a shrinking of states interested in playing host and a search for options to lighten the burdens of staging the big event.
“With interest growing in socially responsible enterprises, particularly among millennials, one might expect growth in opportunities to marry Internet-based platforms with older businesses to generate economic wins all around,” writes CFR adjunct senior fellow Robert E. Litan.
Last month, energy ministers from around the world gathered in San Francisco for the annual Clean Energy Ministerial (CEM), which for the past seven years has focused on deploying existing clean energy technologies around the world. But for the first time, clean energy innovation was on the gathering’s agenda as well. In a parallel “Mission Innovation” Ministerial (MIM), twenty countries and the European Union — accounting for over 80 percent of the world’s public energy research and development (R&D) funding — committed to collectively double R&D funding to $30 billion by 2021.
Venture capital (VC) firms spent over $25 billion funding clean energy technology (cleantech) start-ups from 2006 to 2011 and lost over half their money; as a result, funding has dried up in the cleantech sector. In this article, we present the most comprehensive account to date of the cleantech VC boom and bust, aggregating hundreds of investments to calculate the risk/return profile of cleantech, compared with those of medical and software technology investments. The results are stark— cleantech offered VCs a dismal risk/return profile, dragged down by companies developing new materials, chemistries, or processes that never achieved manufacturing scale. We conclude that the VC model is broken for the cleantech sector, which suffers especially from a dearth of large corporations willing to invest in innovation. Fortunately, new public and private capital may be on the way after announcements made at the 2015 Paris Climate Change Summit. If a new and more diverse set of actors avoids the mistakes of the cleantech VC boom and bust, then they may be able to support a new generation of cleantech companies.
Earlier this month, the Washington Post revealed that Russian hacker groups known as Fancy Bear and Cozy Bear reportedly breached the networks of the Clinton and Trump campaigns as well as theDemocratic National Committee, White House, State Department and the Joint Chiefs of Staff.
CFR hosted a workshop to explore how globalized production patterns are evolving, the risks they face, and how companies and countries can improve compliance and resilience across supply chains through new trade standards, legal regimes, and policies.
Delegates from twenty countries discuss how best to address challenges posed by growing geopolitical rivalries, opposition to globalization, dramatic refugee flows, divergent views on global economic governance and international internet regulation, and the absence of a region-wide security architecture in Asia.
Just because a U.S. presidential candidate bashes free trade on the campaign trail does not mean that he or she cannot embrace it once elected. After all, Barack Obama voted against the Central American Free Trade Agreement as a U.S. senator and disparaged the North American Free Trade Agreement (NAFTA) as a presidential candidate.