Board Meeting, December 8, 2010

On December 8, 2010 NGO Sustainability, Inc. held their monthly Board Meeting at Jefferies, Inc., New York, NY.

Board Members Roma Stibravy (President), Harriet Schmidt (Vice President, via Conference Call), Elisabeth Kovac (Secretary), Marita Rosado (Treasurer), Jesse Pichel, Frank Pinto, Karin Shampoo, and William Stibravy attended the meeting.

Interns Gonzalo Aragon, Natalia Faryna and Magdalena Garczynski also were present.

Board Member, Jesse Pichel of Jefferies, Inc. invited his three colleagues--Connie Wang, Elaine Kwei and Min Xu--to offer insight into the investment sector of renewable energy.

Two topics worth noting discussed at the Meeting were the Conference on Climate Change Negotiations, Cancun, Mexico and private sector initiatives regarding renewable energy.

Frank Pinto, former UN employee, reported on the Cancun Climate Change negotiations. Ban Ki Moon opened the session with a plea to move the negotiation process forward. The Mexican President tried to put a low profile on Cancun, unlike Copenhagen where expectations were raised too high. The Mexican President has thus said that they are not targeting specific emissions levels, pointed to the following three agreements: the Green Fund, how developing countries can get the needed technology, and protecting the forest.

Jesse Pichel reported on the private renewable energy sector. Present renewable energy stocks are not doing well because the capital markets are not working efficiently. The industry’s concern are the negative changes in government support. Costs of solar energy in other countries, such as China, are decreasing much more rapidly than expected. Therefore, China is becoming a real competitor in the renewable energy market.

Min Xu is currently working in the LED (light emitting diodes) sector. LED lights save costs and reduce pollution. Non- LED lights compose 20 percent of everyday energy consumption. LEDs may save billions of kilowatt-hours. LEDs are pretty low cost without government subsidies, but these companies hope that government will still back them. Our NGO is hoping to use LED lights, instead of solar lanterns, in our Liberia Project. This change would make the project cutting edge and current.    

UN NGO Sustainability, Inc. hopes this new technology could be used in our developing world projects.

The Board and Interns (from left):
Karin Shampoo, Elisabeth Kovac (Secretary) , Jesse Pichel,
Roma Stibravy (President), Maggie Garczynski (Intern),
Bill Stibravy, Marita Rosado (Treasurer) 

The Board and Interns (from left):
Frank Pinto, Karin Shampoo, Elisabeth Kovac (Secretary),
Jesse Pichel,  Roma Stibravy (President) 

Roma Stibravy, President