Environmental Engineering Reference
In-Depth Information
CONCLUSION: THE
FUTURE IS HERE
promotes momentum for further improvements.
A post Kyoto Protocol agreement can build on the
original global climate change policy to continue
and potentially accelerate sustainable develop-
ment. Whilst there are numerous proposals for
policy enhancements from an investor's point of
view, what is really key to a sector that requires
large investment and long 25-year timeframes
is both continuity and stability. In other words
there needs to be a seamless transition from the
Kyoto Protocol to the post 2012 arrangements to
prevent any slowdown in the financing of Clean
Development Mechanism projects.
Just as entire segments of the global population
have 'leapfrogged' from no land line connectivity
at all to wireless handheld cell phones, it is hoped
that vast segments of the global population who
still have no access to electricity will soon find
that their choice source of energy will be both
affordable and clean. This gives us much cause
for optimism.
Our governments' progressive policies will
become the policies that the next generations will
inherit and we should take care not to make our
own systemic errors in the process. Whilst policies
that support renewable energy are an easy sell to
voters and generate popular sound bites, compre-
hensive and integrated energy policies are needed.
Renewables are but a minority constituent of the
global energy mix therefore government policies
that are directed at all forms of energy will be a
more effective tool for combating climate change
comprehensively. Local policies and deliberate
support for local action is key - while keeping an
eye on the global context.
The cutting edge of cleantech research is fluid
and not geographically fixed. Whilst there are clus-
ters of expertise, the global nature of the climate
change challenge means that pockets of research
are occurring, or could be developed, throughout
every country in the world. We are witnessing a
change almost overnight where technological in-
novations and applications are being generated in
the South in response to the kinds of research grants
and other financial incentives currently available
worldwide, and are no longer dependent on the
big laboratory companies of the West.
In practical terms the Kyoto Protocol has, for
all its shortcomings, encouraged and fostered
the deployment of renewable energy technolo-
gies in developing countries and as such, is a
positive first step in the right direction. Within
its portfolio companies, Aloe Private Equity
ACKNOWLEDGMENT
The authors wish to acknowledge and thank
Mahesh Kolli and Anil Chalamalasetty of the
Greenko Group as well as Subodh Maskara and
Vivek Tandon, promoters of Polygenta for their
support and time in preparing this chapter.
Aloe Private Equity manages a number of
Environment Funds which invest in companies
that can make a positive contribution to society,
both socially and environmentally whilst simul-
taneously providing high financial returns to its
investors. Aloe Private Equity have a particular
interest in companies who have proven products
or solutions who wish to leverage their expertise
in growing businesses in Greater China and India.
www.aloe-group.com
REFERENCES
Asia-Pacific Partnership on Clean Develop-
ment and Climate (APP) Renewable Energy and
Distributed Generation Task Force. (REDGTF).
(2008). Pursuing clean energy business in India.
Cleantechnology Australasia 2008. http://www.
cleantechnology.com.au/ pdf/ reports/ Asia%
20Pacific% 20Partnership% 20report% 20Clean-
tech% 20AustralAsia.pdf
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