This morning's panel on climate policy and partnerships was a step in that direction, and without summarizing the mass of information and examples we have on the issue, let me just add some brief comments on the presentations.
Tim German, Director of the Cornwall Sustainable Energy Partnership, noted that partnerships in regional government, business, and industry has proven to represent significant potential for building a movement and a mechanism to address energy transition. Cornwall has represented one of Europe's most successful achievements in this regard: building successful mechanisms for local cooperation and development of innovative partnerships. Currently, among other things, Cornwall is in the final testing phases of WaveHub, an underwater system that harnesses power from the rise and fall of seawater, and that provides tremendous potential for coastal regions.
Another example: The SEF Alliance, a member driven coalition of publicly backed organizations focused on public finance for energy projects and investments, is working to pool resources, exchange best practice, and launch joint investment projects. Currently comprised of the California Energy Commission (CEC), The Carbon Trust (UK), Sitra, the Finnish Innovation Fund, Sustainable Development Technology Canada (SDTC), and Sustainable Energy Ireland (SEI), the SEF Alliance is building the model for collaborative investment in technology. With a 60% increase in renewable investment over the past year, the SEF Alliance shows great promise in advancing public finance for sustainable energy, and is something to watch.
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