San Francisco (June 25, 2007)—Global Change Associates and Pillsbury Winthrop Shaw Pittman LLP today announced that they are hosting an afternoon seminar on July 17, 2007 on carbon trading and finance at Pillsbury’s San Francisco office at 50 Fremont Street.

            Led by carbon markets experts Peter C. Fusaro and  Jay Gould, partner and co-leader of Pillsbury’s Investment Funds & Investment Management Team, the seminar, “Carbon Trading is the Missing Link in Clean Tech Investment,” will explore what role carbon trading plays in clean tech investment and  how to establish a successful carbon hedge fund.

            “This is the second in a series of clean tech investment seminars we are hosting with Pillsbury, which launched one of the first multidisciplinary climate change practices in the nation, ” said Fusaro,. “Our last seminar attracted more than 150 people as California continues to be  the hotbed of much carbon market activity for the foreseeable future.”

            “We see carbon as a new asset class for hedge fund finance and investment,” said Jay Gould, Partner and Co-Leader of Pillsbury’s Investment Funds & Investment Management Team.

            The seminar will cover the basics of environmental trading, carbon trading and finance, some cleantech solutions, how to implement a carbon reduction under the Kyoto Clean Development Mechanism (CDM), and the basics of how to build a carbon fund. 

            “Carbon trading is a new asset class for hedge fund finance and investment,” said Gould. “Indeed a recent report by the National Venture Capital Association showed that while U.S. venture capital investments as a whole were down by 33 percent in 2006 compared to five years ago, investments in American cleantech companies were up 243 percent in that time--more than two and a half times the growth rate of the next strongest industry over that period.”

            For further information about the seminar or to register online, please go to www.energymediagroup.com. The cost of the seminar is $695 and includes all presentation materials and a workbook. For any questions, please call Carmen Cook VP of Marketing at Global Change Associates at 212-222-3775, carmenjane@verizon.net.

About Global Change Associates

Global Change Associates Inc. is a leading edge consultancy on energy and environmental financial markets based in New York lead by Peter C. Fusaro.  Peter is the best selling author of “What Went Wrong at Enron” and a leading proponent of market-based solutions for environmental remediation. He created the annual Wall Street Green Trading Summit in New York each spring, and is recognized as an international leader in cleantech nology and emissions trading.  He co-founded the Energy Hedge Fund Center in 2004 (www.energyhedgefunds.com )

About Pillsbury

            Pillsbury Winthrop Shaw Pittman LLP is a dynamic full-service law firm with market-leading strengths in the energy, financial services, real estate and technology sectors. Our lawyers serve clients throughout the U.S. and internationally, including from key global financial centers such as New York, London, Tokyo and Shanghai. Industry-driven client teams and a multidisciplinary approach to crucial business issues of the day also ensure our clients receive thorough counsel on all aspects of a matter.

            The 2007 Corporate Counsel survey of Fortune 500 companies named Pillsbury a "Go-To Firm" in five practice areas—corporate transactions, litigation, IP litigation, IP patent counseling, and labor and employment. Pillsbury placed among the nation's top 20 law firms in number of minority partners according to the Minority Law Journal 2007 Diversity Scorecard and was also named as one of Working Mother magazine's 100 Best Companies in 2006.

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