AYES2010 - Dinesh Babu


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Dinesh Babu

CEO – The Carbon Rating Agency (IDEAcarbon)

Dinesh has over 16 years experience in the field of Renewable Energy, Energy Efficiency and Climate Change and has specialized in biomass-related technologies and applications. He has degrees in Mechanical Engineering and M.Tech in Energy Engineering. He was the Group Director of Asia Carbon Global, where he managed over 125 Clean Development Mechanism (CDM) projects, the Asia Carbon Asset Development Facility and the global carbon trading activities of the Asia Carbon Exchange. He has also worked in the Indian Renewable Energy Development Agency, an Indian Public Sector Energy Financing organization, besides running his own energy consultancy firm and biomass densification equipment manufacturing facility. He has served The Energy and Resources Institute (TERI), a world-renowned non-profit, scientific and policy research organization, in the fields of Renewable Energy and Climate Change. Dinesh has participated in various international conferences, expos and has delivered presentations on carbon trading and finance.

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AYES2010 - Dinesh Babu

  1. 1. Confidential Cultivate –grow your own idea October 2010
  2. 2. 2 Entrepreneurship opportunities in Singapore Grants and funds available What a typical “Green Investor” will look out for in an entrepreneur Making sure an invention’s clean and green claims are justifiable (such as LCA) Research to commercialization opportunities for Cleantech in Singapore Contents
  3. 3. 3 Entrepreneurship opportunities in Singapore Singapore and clean energy Alternative energy Strategic growth for Singapore „s economy Global hub for clean energy solutions (development, testing, export) initial funding support of S$350 million from the government. (five key pillars: R&D, manpower, grooming Singapore-based enterprises, international industry branding, and vibrant industry ecosystem growth) Sectors in focus and growth Solar, wind energy, tidal energy, electric mobility, smart grids, biomass, fuel cells, energy efficiency, and carbon services. Clean energy industry is expected to contribute S$1.7 billion to Singapore's gross domestic product and create an employment of app. 7,000. (Renewable Energy Corporation, Bosch, Phoenix Solar, Norsun, Vestas Wind Systems, DNV-CTC, host of carbon companies etc.,) In 2008, The Solar Energy Research Institute of Singapore (SERIS) – was established at NUS In 2009, Energy Research Institute (ERI@N) was launched at NTU
  4. 4. 4 Entrepreneurship opportunities in Singapore Singapore Government CE programmes Clean Energy Programme Office (CEPO) formed to synergise the government's efforts to grow the industry. an inter-agency workgroup comprising of different governmental agencies responsible for planning and executing strategies to develop Singapore into a global Clean Energy hub CEPO Programme The Solar Capability Scheme (SCS), Clean Energy Research and Testbedding (CERT) Programme and Clean Energy Research Programme S$20 million (under SCS) : encourage innovative design and integration of solar panels into green buildings. The S$17 million CERT is targeted at the public sector (to provide opportunities to develop and test clean energy applications and solutions) S$50 million Clean Energy Research Programme which supports R&D efforts in academia and industry. Clean energy scholarship (NRF-CE : PhD & Company) (S$25 Mn) with emphasis on solar, CE identified as a key growth are for Singapore well placed to lead as an R&D base and as a provider of CETS need to increase the manpower base. to generate specialist manpower for the clean energy sector to build up local research capabilities and research leaders in key CEPO areas.
  5. 5. 5 Green Investor look out Listing for entrepreneurs Sustainability, Innovation, Unique, Scalability, Replication, Consistency, Leadership, Integrity Resources Operations Environment Economic aspects Manpower Society Financial performance Google cartoons &cartoonchurch.com
  6. 6. 6 Green Investor look out Listing for entrepreneurs Sustainability, Innovation, Unique, Scalability, Replication, Consistency, Leadership, Integrity Resources Operations Environment Economic aspects Manpower Society Financial performance Google cartoons &cartoonchurch.com Compromise vs Dream (GI’s limitations vs comprehensiveness) Choice vs Desire (GI’s vs Non-GIs) Honesty vs Profit (Reality vs expectations)
  7. 7. 7 Environment Aspects •Policy towards environment •Climate change resilience •GHG emissions policy •Materials and inputs used •Energy •Water •Biodiversity •Waste/Pollution prevention •Travel and transport management •Recycling •Environmental track record Sustainability Assessment Factors Social Aspects Labour Practices • Employment • Work-life balance • Occupational Health and Safety • Training and education • Equal Opportunity • Freedom of association • Child Labor • Subcontractors and suppliers Society • Community Health and Safety • Emergency preparedness • Corruption • Land acquisition • Involuntary settlement • Tribals/Indigenous people • Human rights • Policy towards stakeholder engagement • Donations and philanthropy Economic Aspects • Business ethics • Governance structure and effectiveness • Shareholder structure • Disclosure and documentation standard • Reporting quality and policies
  8. 8. 8 Green credentials How green is your Green ? Walk your talk … Environment & social responsibility Define boundaries (LCA, coverage, leakage) Precise impact analysis No “monkey see …monkey do business” !!! Green is a subset of sustainability : the environmentally responsible steps taken in towards achieving the goal of sustainability, in which human beings are living off nature’s abundance but being regenerative and supportive of all other living systems – People, Planet and Profit (www.dxdempsey.com)
  9. 9. 9 Cleantech in Singapore Research and commercialization opportunities It seems solar…solar…solar all the way ! Biofuel research offers great promise too … Waste water treatment – biomethanation Urban transport solutions Carbon services EDB & Google
  10. 10. 10 Carbon Services in Singapore ….emerging Carbon Hub EDB @ CFA Round Table 2010
  11. 11. 11 About The Carbon Rating Agency - an IDEAcarbon Company (Ratings, Intelligence & Advisory) Carbon Rating Agency’s mission : “To improve the functioning and efficiency of the carbon markets” First independent carbon projects rating agency Established in 2007 and based in London, Singapore and India Engaged in rating of carbon projects in JI, CDM and Voluntary sectors at different levels – over 110 projects rated including pCDM projects Using sophisticated analytical tools, CRA‟s highly skilled analysts, economist and technocrats along with an independent “Rating Committee” offer an unencumbered ,impartial and rigorous professional carbon projects rating services
  12. 12. 12  Rating Assessment: deeper analysis & requires access to non- public data; tailored to meet client interests  Full Rating: detailed analysis of all aspects; delivery estimates prepared; independent verification of critical data; formal consideration by rating committee  Scan: based on readily available information (may include feedback from client) Ratings Product Suite reflective of tiered market needs
  13. 13. 13 Thank you N Yuvaraj Dinesh Babu Chief Executive Officer The Carbon Rating Agency IDEAcarbon) 10, Anson Road #21-06/06A, International Plaza Singapore - 079903 Mobile: 65 97228989 ydbabu@ideacarbon.com