Word: globalizing
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Dates: during 2010-2019
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...still without a very clear goal, without clear carbon caps, without a price on carbon," says Mindy Lubber, president of Ceres, a national network of major institutional investors and public-interest groups. "The private sector is ready to rock and roll." (See pictures of the effects of global warming...
...better be. The International Energy Agency estimates that more than $10 trillion in investment will be needed over the next 20 years to support a global transition to a lower-carbon economy. We're nowhere near that - Lubber says that $140 billion was invested globally in renewable and low-carbon technologies last year, a number that she estimates will rise to $190 billion this year. "Those are significant numbers, but it's not enough," she says...
...under the limit can sell polluting permits to those who exceed it. It's speculative capitalism with a bright green tint. For the idea to work, the private-investment community needs TLC from government policy: transparency, longevity and certainty. "That's what investors are looking for," says Kevin Parker, global head of Deutsche Bank's asset-management division. "But they're not getting it at the global level." (See the top 10 scientific discoveries...
...there is another story here, more prosaic but no less important to the future arc of global business and the global balance of power. Google has not been doing all that well in China, as many have noted in recent days, badly trailing the domestic Chinese search company Baidu. But it isn't just that Google has struggled. All of the New Economy western companies in the media and information business have failed to establish themselves in China. Before Google, eBay and Yahoo both made investments of years and millions upon millions of dollars to tap the fast-growing Internet...
...mortar companies. Consumer stars like Nike, food franchises like Kentucky Fried Chicken, industrial giants like General Electric and United Technologies, and technology behemoths ranging from Microsoft to Intel to IBM have prospered in China. In fact, mainland China has been the most impressive growth market for hundreds of global companies for the past decade. So how did Google stumble so badly...