Global

Podcast

The World Next Week: 9/11

In this special edition, CFR's Director of Studies James Lindsay, CFR.org Managing Editor Robert McMahon, and Adjunct Senior Fellow Carla Anne Robbins examine the fifteenth anniversary of the 9/11 attacks.

See more in Global; 9/11 Impact; Terrorism

Article

Venture Capital and Cleantech: The Wrong Model for Clean Energy Innovation

Author: Varun Sivaram
MIT Energy Initiative

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 report, 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."

See more in Global; Energy and Environment

Article

The Refugee Problem in New York

Author: Richard N. Haass
Project Syndicate

Every September, many of the world’s presidents, prime ministers, and foreign ministers descend on New York City to mark the start of the annual session of the United Nations General Assembly, writes CFR President Richard N. Haass. This year, they will once again highlight the international community's inability to address a pressing global challenge.

See more in Global; International Organizations and Alliances; Refugees and the Displaced