by William F. Wescott, Ph.D., Managing Director, Cleantech Group LLC: "Competitiveness + Jobs: The Role of Clean Technology in Near-Term Stimulus and Long-Term Economic Development"

In his presentation at GLOBE 2010, William F. Wescott suggested an answer to a question: Why now is the time for Cleantech?

The formula William presented: Financial Crisis + Environmental Crisis equals Unique Opportunity to Re-invent the World

Why so? According to William:
- We have the resources (financial and technological).
- We have the need.
- We need new ways of thinking, new models, leadership.
- We can do it or let the Chinese do it for us.

Quoting Thomas Friedman, "the most important thing to happen in the last 18 months was that Red China decided to become Green China.. China is embarking on a new, parallel path of clean power deployment and innovation. It is the Sputnik of our day."
"The New Sputnik" - Thomas Friedman (Sept. 27, 2009)

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