BusinessWeek.com Publishes "Green Exports Bank" Proposed to G-20 "Euro Crisis"

Oct. 14, 2011 - PRLog -- -Phoenix, AZ, USA (Oct 14, 2011)  Business Week Online edition published unnamed sources regarding possible action in next week's G-20 meetings written by Sandrine Rostello which tauts strong support for strengthening IMF's role in helping EU to emerge from "euro crisis" including avoiding Spanish and Greek national bankruptcy.  Reiterating, but expanding upon, proposals already made to US Govt,. Stafford "Doc" Williamson, (President, Williamson Information Technologies Corp., and subsidiary DaoChi Energy of Arizona) suggested a worldwide version of his plan for a US National Green Exports Development Bank patterned along the lines of Fareed Zakaria's proposed Intrastructure Development Bank.  The Green Exports Development Bank is intended to build economic growth through exports of domestic production, not merely internal consumption. In effect, this is the opposite of China's scheme to transition (in light of world financial crisis in general and particularly due to declining US imports from China) away from being almost entirely export dependent by substituting an emphasis on domestic consumption by China's own citizens.

The "Green Export Development Bank" concept includes distributed risk sharing between commercial banks that have been protected by government "bail outs" (and future protection promise to Euro banks by Pres. Sarkozy and Chancellor Merkel)  with  both the importing and the exporting company offering risk mitigation guarantees, but also with real (enforced) asset recourse and encouragement of participation by multinational corporations as well as local equity partners to give projects community roots and incentives to long term success even into future generations.

"Emerging nation economies in Africa and Asia are on the verge of becoming part of the problem [in terms of adding fossil carbon to the atmosphere],"    says Williamson.  "Petroleum resources are getting so expensive they are almost out of reach for the underdeveloped nations, but coal is still cheap and plentiful, this could help them 'skip over' the 'dirty energy' stage. That means they become part of the solutions."

Williamson argues that locally sourced green energy in abundance allows emerging economies to "add value" to its products while saving on balance of trade by not importing energy sources.  DaoChi Energy of Arizona has put much of its resources into development of algae as  the most likely long-term and reliable source of biomass for biofuels, but the green in Green Export Development Bank applies to all kinds of energy efficiency improvement as well as all of the traditional natural resources derived energy from wind and solar, to tide and geothermal.  

For that matter, emerging economies of small island nations are also ideal candidates for this kind of economic business development that avoids the trap of "Dead Aid" as author Dambia Moyo calls most of the international attempts to alleviate starvation and poverty.  Indeed Ms. Moyo's book "Dead Aid" asserts that in many cases "aid" actually worsens the situation, regardless of whether the recipient country has good governance or not.  Ms. Moyo advocates for a shift to business development financed directly to the business operator(s) or in the style of Grameen Bank organization of local women's cooperatives.  This is a strategy also endorsed by DaoChi Energy of Arizona in its efforts to promote renewable fuel development.

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DaoChi Energy of Arizona is involved in the development
of biofuels technologies and innovation, and acts as a consultant
to others in the field. Expertise includes CCS, algae including oil extraction for biofuels.