This week, the Council reunited participants of Governor Jerry Brown’s recent Clean Energy delegation to Beijing, China to discuss next steps. California Air Resources Board Chair Mary Nichols recounted her experiences in China and, building on the momentum of four California-China agreements signed during the trip, as well as described California’s climate change progress through Council-supported cap-and-trade AB 398 and air contaminant-reducing AB 617. Nichols also highlighted the recently announced Climate Action Summit, which will be held in San Francisco in September 2018.
Discussing opportunities for technology transfers, private-public-partnerships, and investment in China in the backdrop of IP risks, Ken Alston (California Clean Energy Fund) and Arthur Haubenstock (8minutenergy Renewables) conclusively indicated latent opportunities for business collaborations within the clean energy sphere.
The event concluded with a presentation from Special Advisor to the Governor, Fan Dai, who spoke to the unique California-China relationship. Her remarks shared efforts underway to create a database that identifies the Chinese technology-gaps California businesses can fill, and opportunities regarding China’s One Belt One Road initiative. Identifying and pushing for business opportunities for California is a primary focus for the Council, which provides a range of services to guide businesses and investors looking to expand in the Bay Area and abroad. To lean how the Council can help businesses find opportunities in China, please contact Chief of Global Business Development Del Christensen.
Building on a successful trip with Governor Jerry Brown to China and the Select California Investment Summit in Sacramento, the Bay Area Council’s China team traveled to Washington D.C. this week to represent California with other Economic Development Organizations at the national SelectUSA Investment Summit. The event gathered over 3000 companies from 64 countries around the world to promote foreign direct investment in the United States. Secretaries from the Departments of Commerce, Energy and Labor offered remarks alongside multinational corporations such as Samsung, General Motors and BCG. China represented the largest proportion of delegates as investors’ interest in the United States continues to grow. In 2016 alone, the United States was the largest recipient of Chinese outbound FDI, totaling $45.6 billion, and nearly one-third of this investment went to California. Attracting foreign direct investment from China and elsewhere is a primary focus for the Council, which provides a range of services to guide Chinese and other investors as they look to enter or expand in the Bay Area and California marketplaces. To learn how the Council can help foreign investors find opportunities in California, please contact Chief of Global Business Development Del Christensen.
Fresh from our successful trip with Governor Jerry Brown to China to promote climate change partnership, the Bay Area Council this week joined a first-ever summit to bring billions of dollars in Chinese clean energy investments to California. Organized by the Governor’s Office of Business and Economic Development in partnership with the California-China Trade Network, the Select California Investment Summit in Sacramento included 22 Chinese investors seeking opportunities in clean tech, water innovation, sustainable development, zero emission vehicles, and more. Attracting foreign direct investment from China and elsewhere is a primary focus for the Council, which provides a range of services to guide Chinese and other investors as they look to enter or expand in the Bay Area and California marketplaces. Chinese investment represents a huge opportunity for California, which from 2000-2016 secured 415 investment deals valued at $25.5 billion from mainland China investors. Statewide, global investment in California employs 631,500 workers. To learn how the Council can help foreign investors find opportunities in California, please contact Chief of Global Business Development Del Christensen.
Transportation, housing, trade and healthcare were among the issues a Bay Area Council-led business delegation discussed this week in Washington, D.C., with top Congressional and White House leaders. Led by Council Chair Michael Covarrubias (Chairman and CEO, TMG Partners) and Council CEO Jim Wunderman, the delegation met with House Majority Leader Kevin McCarthy, Central Valley Rep. Jeff Denham, Democratic Leader Nancy Pelosi and Sen. Dianne Feinstein, among many other legislators, cabinet and administration officials.
Delegates highlighted the importance of investment in transportation, particularly as it relates to future Northern California megaregion planning. As a growing economy blurs historic Bay Area, Sacramento and San Joaquin regional boundaries, the Bay Area Council is taking action now to address the future transportation, housing and workforce needs of the emerging megaregion. Much of the immediate focus and a major topic in meetings this week was investing to expand megaregion rail capacity, including securing federal transportation dollars for the Amtrak Capitol Corridor service and the Altamont Corridor Express (ACE Train).
The Council shared a sneak peek at new research by the Bay Area Council Economic Institute that shows the strong and growing connections between Silicon Valley and other parts of the country and how those connections can be leveraged to expand knowledge-based economic opportunities and grow jobs nationwide. The Council also advocated for free and open global trade and immigration policies. Special thanks to our sponsors Microsoft, Oracle, and Alaska Airlines. To learn more about the Council’s federal policy agenda, please contact Senior Advisor George Broder.
The Bay Area Council’s delegation of business leaders accompanying Gov. Jerry Brown this week to Beijing, China, for a global conference on climate change were witness to history as the Governor enjoyed a rare meeting with Chinese President Xi Jinping and signed several key agreements on clean energy and climate change cooperation. The trip, which was led by Council CEO Jim Wunderman, took on added significance with President Trump’s decision last week to withdraw the U.S. from the landmark Paris climate change accord, a move which elevated California’s global leadership on clean energy and efforts to address climate change. Council delegates enjoyed dinner with Gov. Brown following his meeting with President Xi.
Also during the trip, the Council delegation met with U.S. Energy Secretary Rick Perry to discuss the important role of California’s national research labs, including Berkeley National Lab and Lawrence Livermore Lab, in advancing clean energy technology. Perry called California’s labs “crown jewels.”
The Council joined Gov. Brown as he signed an agreement establishing a new California-Beijing Clean Technology and Innovation Partnership and launching a new fund to support it. And later, our delegates attended a forum at renowned Tsinghua University with Gov. Brown and participated in a discussion with China’s lead negotiator on climate change issues. To engage in the Council’s China work, please contact Chief of Global Business Development Del Christensen.
On Monday, June 5, the Bay Area Council will lead a high-level business delegation to Beijing, China, to accompany Gov. Jerry Brown for an annual meeting of the world’s top energy ministers and to strengthen ties between China, California and the Bay Area on clean energy and other economic opportunities. The trip takes on added significance coming on the heels of President Donald Trump’s decision on Thursday (June 1) to withdraw the U.S. from a major international climate change accord around which the China meetings are centered.
“The Bay Area and California are charging ahead to strengthen our growing partnership with China on expanding the use of clean energy and developing exciting new clean energy technologies,” said Jim Wunderman, Bay Area Council President and CEO. “Under Gov. Brown’s bold leadership, California has become a global beacon for addressing climate change and leveraging the power of economic innovation to develop the clean energy technologies that are critical to reducing carbon emissions. California and China have much to share and much to gain from working together to advance our clean energy and clean technology objectives. This trip will be significant in highlighting the importance of cooperation and partnership among regions, states and nations in addressing the threats of climate change.”
The Clean Energy Ministerial 8 (CEM8) gathering from June 6-8 brings together energy ministers from the world’s top 23 economies and the European Union to discuss implementing the historic 2015 U.N. Convention of Parties climate change agreement (COP21) from which President Trump decided to withdraw U.S. participation. The Bay Area Council played a leading role last year in organizing and hosting CEM7 in San Francisco.
Detailed agenda and delegate information on the Bay Area Council CEM8 trip>>
As part of CEM8, the Bay Area Council delegation will join Gov. Brown and other state leaders for a forum on June 7 of the Under 2 Coalition, which represents 170 cities, states and countries from six continents that have signed on to the Under 2 MOU committing to actions that will limit the increase in global average temperature to below 2 degrees Celsius. California and Gov. Brown have been instrumental in the creation and expansion of the Under 2 Coalition. And the June 7 “Under2 Clean Energy Forum” expands on the event Governor Brown launched last year in San Francisco to highlight regional clean energy and climate action and collaboration, in conjunction with CEM7.
Through its three offices in China, the Council for more than 10 years has served an important role in facilitating California’s growing relationship with China on clean energy, including helping organize Gov. Brown’s 2013 trade and investment mission when he signed another landmark climate change agreement with that country’s powerful National Development and Reform Commission.
Read the Council’s statement on President Trump’s Paris accord decision>>
The Bay Area Council today (June 1) issued the following statement in response to President Donald Trump’s withdrawing the United States from the landmark 2015 U.N. Convention of Parties climate change agreement (COP21). The Council has long supported California’s global leadership on clean energy and was the first major business group to endorse the historic California Global Warming Solutions Act of 2006. In 2016, the Council hosted energy ministers from the world’s largest 23 economies and the European Union for the Clean Energy Ministerial 7 (CEM7) in San Francisco—a follow-up to the COP21 talks—and next week is leading a delegation to Beijing for CEM8 along with Governor Jerry Brown.
“California and the Bay Area remain on an irreversible course forward to lead the world into a sustainable clean energy future,” said Jim Wunderman, President and CEO of the Bay Area Council. “Addressing climate change is not just an environmental or moral imperative, it is an economic imperative and an economic opportunity. California’s ambitious assault on climate change has spawned a vibrant and fast-growing clean technology industry that is creating new jobs, attracting investment and new businesses and producing innovative new products. It has also given us a strong competitive advantage in a sector we believe will continue to grow and thrive as more and more companies embrace a clean energy future.”
The Bay Area Council is working on a variety of initiatives focused on addressing the climate change challenge, including:
- Promoting urban infill and transit-oriented housing development that reduces long, polluting commutes
- Building stronger connections with China and other countries to expand the development and use of clean energy technologies
- Championing investment in the expansion and modernization of mass transit systems, including BART, ferries and Caltrain
- Leading an innovative regional effort to restore wetlands and build infrastructure to protect against the threat of rising seas and extreme storms
- Advocating for investment and policies that support the creation of a new, modern energy grid to better integrate and manage growing renewable energy sources
- Modernizing and expanding our water storage and delivery system to prepare for future droughts
- Supporting business in adopting corporate renewable energy goals and strategies
- Advancing the deployment and adoption of electric and other zero emission vehicles
Time is running out to secure your seat at the Bay Area Council’s 2017 Outlook Conference: The Pacific Summit presented by Kaiser Permanente on Tuesday, May 23. We have assembled an incredible dais of leaders who will provide invaluable insights on the dramatic political and economic changes that are dominating the regional, state and national landscapes. Former Secretary of State Colin Powell and CNN host and global thinker Dr. Fareed Zakaria will talk about the populist forces that propelled Donald Trump into the White House and what it means for the Bay Area and California. Los Angeles Mayor Eric Garcetti will share his thoughts on how large metropolitan regions can address the massive challenges of housing and transportation. And San Francisco Chronicle Editor in Chief Audrey Cooper will lead a fascinating discussion on the great flight of millennials from our region and the trouble it bodes for our economy. In addition to hearing from these leaders, attendees will also have an opportunity to talk directly with them in small group discussions that are new to the conference this year. The conference will be held at The Presidio, affording attendees a beautiful, retreat-like setting to hear top thinking and interact with a high-level audience.
Learn about sponsorship opportunities and register today at www.bayareacouncil.org/outlook.
Bay Area Council Chief of Global Business Development Del Christensen on Thursday (April 6) led a panel at the Silicon Valley Forum’s “AgTech and the Connected World” Conference on the evolution of American and Chinese agriculture technology sectors. Panelists KY Cheng of East West Bank and Simon Shao Green Pasture International Inc. explained the challenges that China faces in modernizing its agriculture industry – with an small average farm size of 1.5 acres and an aging rural demographic, the world’s second largest economy has been searching for ways to increase its agricultural productivity. This creates a big opportunity for Californian companies and funds looking to do business in China. While global venture capital investments decreased in 2016, the central government invested $450 billion to redesign its agriculture capabilities. For these reasons, the Council has focused on assisting agtech companies’ access to Chinese markets for the past three years and is leading a delegation in agtech and clean energy this coming June. To engage in the Council’s China work, please contact Chief of Global Business Development Del Christensen at firstname.lastname@example.org.
The Bay Area Council today (March 27) applauded the announcement of a new partnership between the Center for Information Technology Research in the Interest of Society (CITRIS) and the Banatao Institute at UC Berkeley and Zhejiang University (ZJU) in Hangzhou, China, that marks the first step in an exciting new research and development collaboration focused on cutting-edge technology innovations.
An agreement signed by CITRIS and ZJU was made possible with a $1.2 million gift from an alumnus of UC Berkeley, who is the Director of Zhejiang Zerong Network Technology Co. Ltd. This first phase of funding will be used to generate a vision and plan for the new ZJU-CITRIS Research Innovation Center in Hangzhou and attract support for a collaboration of much larger scale and impact on both regions. This global innovation and incubation hub will support the development of technology solutions in the areas of health; sustainable infrastructures; people and robots; and connected communities.
The Council, through its China Global Initiative, was proud to work with the UC Berkeley Chancellor’s Office of Government and Community Relations and under the leadership of CITRIS Director Costas Spanos in developing the partnership by leveraging our strong relationships in China.
“This new partnership has the potential be a game-changer in fostering cooperation on research and development that can benefit both the Bay Area and China,” said Del Christensen, Chief of the Council’s China Global Initiative. “When the Council entered China 10 years ago, it was specifically with the purpose of helping create opportunities like this. It’s gratifying to see this new collaboration between our region and one of China’s fastest-growing and most innovative capital cities begin to take shape.”
The Council operates offices in Hangzhou, Shanghai and Nanjing China, to support business access and cooperation between California and China. To learn about the Council’s China Global Initiative, please contact Del Christensen.