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“A crisis is a terrible thing to waste”

Vinod Khosla, of Khosla Ventures and the founding CEO of Sun Microsystems, is one of the rock stars of this summit. His presentation, “…mostly convenient truths from a technology optimist,” was sharp and witty and immediately set the summit on a new tact. Khosla has a dogged belief in technology and using bold allocations of venture capitol to reach innovative solutions. Khosla Ventures only invests in a project if he believes that it will be cost competitive with carbon within five to seven years without subsidies.

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Bush administration pushes for bilateral ties with Iraq

In an op-ed in Tuesday’s Washington Post, Secretary of State Condoleezza Rice and Defense Secretary Robert Gates, confident in the steps that Iraqi leaders are taking to solidify their country’s sovereignty, called on Congress to support negotiations of a “normal bilateral relationship” between the U.S. and Iraq. The U.N.’s authorization of American presence in Iraq is set to expire at the end of the year, and Rice and Gates, anticipating a longer-term need for U.S. troops, advocate for developing a renewed “status-of-forces” agreement — which dictates the terms under which troops act — directly between the U.S. and Iraq.Critics have contested that this sort of agreement would amount to forming a treaty while conveniently bypassing the Senate’s treaty-ratification prerogative. Rice and Gates contend that, rather than hamstringing the next president, this agreement will actually give him or her more leeway in pursuing US interests in Iraq. Nonetheless, this proposal is sure to make some Democratic lawmakers uncomfortable. Iraqis’ political progress is far from an established fact, and the prospect of a prolonged American engagement in Iraq — particularly one orchestrated by an administration in its last year in office — rankles those opposed to the war.

What Rice and Gates fail to discuss is the the UN’s role in Iraq (a prospect that we’ve frequently addressed). They dismiss the current UN authorization as out of step with normal diplomatic convention and out of touch with Iraqi leaders, but they fail to stress the critical neutral role played by the U.N. and its invaluable and stabilizing humanitarian work (in particular with regard to refugees). While currently a relatively small political mission, the U.N. Assistance Mission in Iraq has performed admirably, and, as Iraq progresses politically, it will continue to need the UN’s valuable political assistance and ability to maintain peace and support stable governance. It will need resources (particularly from the U.S.) to do so.

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The Demand-Side Attack on Climate Change.

Diana Ferrel, the director of the McKinsey Global Institute, is currently making a convincing case for energy efficiency at the UN Investor Summit on Climate Change (the FT has a good summary). The world is obsessed with supply-side solutions to climate change (alternative utilities, renewable fuels, etc.), but demand-side solutions (i.e. increasing energy productivity) could offer remarkable results at, according to Ferrel, a profit. An investment of $194 billion a year (using ideas such as those detailed here) could yield a $17 billion a year profit, as well as getting us halfway to the reduction in carbon emissions that we need. We’re talking about a possible reduction in oil consumption of 64 million barrels a day. As Ferrel puts it, even if you plus up the use of solar energy by 500 percent or wind energy by 1000 percent, you get less savings in carbon emissions than those McKinsey suggests.

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Thursday Morning Coffee

Happy Valentine’s Day. Hamas is in love with its gunmen. I’m in love with the UN Investor Summit on Climate Risk.

Top Stories


>>Malaysia – Prime Minister Abdullah Ahmad Badawi of Malaysia has dissolved parliament, setting in motion a process that will result in new elections on March 8 (good overview of the stats). The elections will test the popularity of PM Abdullah and opposition leader Anwar Ibrahim, as well as likely stoke ethnic tensions festering between the majority Malay ethnic group (about 60 percent of the populace) and the minority Chinese (about 25 percent and in control the business sector) and Indians. Reuters gives a nice rundown of the possible outcomes.

>>Iraq – Iraq’s parliament passed three landmark bills, setting a budget (which pleases the Kurds), providing limited amnesty for detainees (which pleases the Sunnis), and setting the stage for provincial elections (which pleases the Shia). This legislation package had been a source of rancor, threatening to paralyze parliament, and represents 1 of the 18 political benchmarks set by the U.S.

>>Pakistan – The NY Times is reporting that, contrary to conventional wisdom, religious parties are losing influence in the tribal areas of northwest Pakistan, specifically the Northwest Frontier Province and Baluchistan, and that this represents a national trend. Parliamentary elections are scheduled for February 18, and the violence continues. The Guardian offers some color on electioneering in the tribal areas.

Yesterday in UN Dispatch
  • href="">Better
    World Campaign Statement on Budget Request for UN Peacekeeping
    - by Mark Leon Goldberg
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    Soldiers Active in 13 Countries – by Mark Leon

The Rest of the Story




Middle East


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UN Investor Summit Webcast

If you’re looking for an unfiltered view of the Summit, check out the webcast.

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Stark Analysis

Professor Holdren gave an incredibly stark, complex, and truly amazing presentation. I won’t do it a disservice by boiling it down to a paragraph here. (I’ll publish the full text when it becomes available online). The one fact that shocked me: We previously thought that Arctic sea ice would be completely gone by 2050 if we failed to act. It now looks like it will be gone by 2013…FIVE years from now. He says, “We are already experiencing dangerous consequences of human interference in the climate system. The only question is whether that will be catastrophic.” He also mentions the Sigma Xi-UN Foundation report, which he led and would give you a pretty good view of what he’s presenting on now.

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