picarro overview and the looming sub-prime carbon crisis
DESCRIPTION
This is an overview of Picarro's technology, business, customer base, and the looming Sub-Prime carbon market crisis we all face as the world puts in place markets designed for trading emissions and GHG offsets. Picarro is playing a key role in helping climate scientists better measure and understand GHG emissions at a local, regional and global level.TRANSCRIPT
Carbon Subprime Crisis
Michael R. Woelk
President & CEO, Picarro, Inc.
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Greenhouse gas emissions are increasing.
The climate is changing causing hydrological patterns to shift.
Nations are responding.
A green economy is emerging.
$Trillion carbon markets are coming.
BUT:
How will we know whether the legislative policies are working?
What if the green economy doesn’t actually reduce emissions?
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“I don’t see (subprime mortgage market troubles)
imposing a serious problem. I think it’s going to be largely contained.” ...Henry Paulson
“There are no accounting issues, no trading issues, no reserve issues, no previously unknown problem issues.”...Kenneth Lay
Measure then Trust
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Financial Perspective
$1.3$0.9
$3.5
Sub Prime RealEstate Mar 07
Sub Prime RealEstate Mar 08
Forecasted CarbonMarket 2020
$62.5 Trillion
$36.6 Trillion
Trillion
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NOAA’s Current GHG Network
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Contrast the National Air Monitoring Network
1,080 Stations 4,000 Stations
Measure: particulate matter, sulfur dioxide, carbon monoxide, nitrogen dioxide, ozone, and lead
•To judge compliance with and/or progress made toward meeting ambient air quality standards.
•To activate emergency control procedures that prevent or alleviate air pollution episodes.
•To observe pollution trends throughout the region, including non-urban areas.
•To provide a data base for research evaluation of effects
The purpose according to the EPA is:
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Measurement Anywhere - Anytime
Ships
Aircraft
HighwaysTelecom
Buildings
Cities
Fields
Mountains
Landfills Glaciers
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GHG Measurements at any Scale
•Global Scale
•Climate Change
•Regional Scale Flux
•States, Cities
•Local Scale Flux
•Regulated Sources
Drill down Drill down
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Measurements anyone can make
1.Remove from box
2.Plug in and begin measuring
10”
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The Company
• Award winning manufacturer of the world’s highest performance and easiest to use gas analyzers
• Founded 1998 to develop innovative laser-based solutions
• 9 Patents exclusive licensed from Stanford
• Located in Silicon Valley California
• Backed by marquis venture capital investors
2008 R&D 100 Award
2009 Pittcon Editor’s Choice
2009 Frost & Sullivan Technology of the
Year Award
2009 Wall Street Journal Technology Innovation