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With the advent of the "shale gas revolution," the United States has undergone a full-scale natural gas boom. Driven by fracking and horizontal drilling, the United States will likely overtake Russia as the world's largest producer of natural gas by 2015, according to the International Energy Agency.

Now, as estimates of available reserves continue to go up and prices drop to less than $3 per million BTU, talk is turning to exporting natural gas – potentially a serious moneymaker, with countries like Singapore facing per million BTU prices around $16.

As a Stanford economics professor and director of the Program on Energy and Sustainable Development at the university's Freeman Spogli Institute for International Studies, Frank Wolak understands the urge to export.

"But there's a significant risk here that I don't think people are necessarily factoring in," he said.

As he explained in a recent policy brief for the Stanford Institute for Economic Policy Research, investing in natural gas export facilities "is a bet against what U.S. firms excel in – developing and commercializing new technologies and products."

Ghost facilities

Along the coasts of Texas and Louisiana, the early 2000s saw the construction of a number of liquefied natural gas (LNG) receiving terminals, intended to meet a predicted increase in natural gas imports.

"Those facilities are now sitting vacant," Wolak said, "because the price of natural gas in the United States has fallen so much." Many are converting themselves into export facilities.

He thinks moving immediately to export runs the risk of repeating this scenario in reverse. It takes time to site, permit, construct and bring an LNG export facility online. In the meantime, American entrepreneurs will be looking to apply technologies like fracking and horizontal drilling elsewhere.

"It's hard to see why this technology can't be exported to the rest of the world," said Wolak.

If that happens, a U.S. export facility could be finished only to find a few new shale gas revolutions in other parts of the globe overturning its intended markets.

Cooking with gas

What does Wolak recommend the United States do with its embarrassment of domestic natural gas riches? Use it at home.

There is no major technological barrier to using natural gas in the transportation sector – our heaviest user of oil. Vehicles that burn compressed natural gas (CNG) are already in common use, particularly in Asia and South America.

Wolak noted that the use of compressed natural gas makes the most sense in a vehicle fleet that drives a well-defined circuit, such as urban buses or taxis. Vehicles that use the denser liquid natural gas are better suited for heavy-duty use, such as regional long-haul truckers. The compressed natural gas refueling infrastructure could expand once these routes were established.

Home filling stations for personal vehicles are another option – household compressors that work with existing home natural gas connections are, in fact, already on the market. The devices are currently priced out of the range of most consumers, but these home filling stations could become a viable option as natural gas becomes a more popular fuel choice.

Wolak also noted that natural gas is currently replacing coal in the production of electricity, a trend that is likely to continue given current conditions in the global coal market and natural gas's relative environmental benefits. Natural gas generation facilities, he pointed out, produce only a third to a half of the greenhouse gas emissions per megawatt hour as coal-fired facilities, and are now cheaper per BTU.

"All I need is heat energy," Wolak said. "Whatever source of energy is cheapest is ultimately what I'm going to use."

Max McClure is a writer for the Stanford News Service.

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Abstract:

The sanguinary Sri Lankan civil war was brought to a close in May 2009. The means adopted to bring an end to this conflict have come under considerable external criticism on the grounds of the indiscriminate use of force. Regardless of how the conflict was terminated, its end should have enabled the regime in Sri Lanka to reassure the minority Tamil community that their interests would not be overlooked in its wake. Instead the country has witnessed waves of ethnic triumphalism and dissenters have faced intimidation. Unless these trends are reversed, despite the existence of the formal trappings of democracy, the future of Sri Lanka as a viable democratic state could well be in jeopardy.

Speaker Bio:

Sumit Ganguly is a professor of political science and holds the Rabindranath Tagore Chair in Indian Cultures and Civilizations at Indiana University, Bloomington. He has previously taught at James Madison College of Michigan State University, Hunter College and The Graduate Center of the City University of New York and the University of Texas at Austin. Professor Ganguly has been a Fellow at the Woodrow Wilson International Center for Scholars in Washington, DC, a Visiting Fellow at the Center for International Security and Cooperation and at the Center on Democracy, Development and the Rule of Law at Stanford University, a Guest Scholar at the Center for Cooperative Monitoring in Albuquerque and a Visiting Scholar at the German Institute for International and Area Studies in Hamburg.

He was also the holder of the Ngee Ann Chair in International Politics at the Rajaratnam School for International Studies at Nanyang Technological University in Singapore in the spring term of 2010.  Additionally, he is a Senior Fellow at the Foreign Policy Research Institute in Philadelphia. Professor Ganguly serves on the editorial boards of Asian Affairs, Asian Security, Asian Survey, Current History, the Journal of Democracy, International Security and Security Studies. A specialist on the contemporary politics of South Asia is the author, co-author, editor or co-editor of 20 books on the region.  

His most recent books are India Since 1980 (with Rahul Mukherji), published by Cambridge University Press and Asian Rivalries: Conflict, Escalation and Limitations on Two-Level Games (with William Thompson) published by Stanford University Press. He is currently at work on a new book, Deadly Impasse: India-Pakistan Relations at the Dawn of a New Century for Cambridge University Press.

His article on corruption in India was just published in the January 2012 issue of the Journal of Democracy, and he is currently writing a new book with Bill Thompson entitled The State of India (for Columbia University Press) which seeks to assess India's prospects and limitations of emerging as a great power

Encina Ground Floor Conference Room

Sumit Ganguly Professor, Political Science Speaker Indiana University, Bloomington
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From 18 to 20 November 2012 Phnom Penh in Cambodia will be the summit capital of the world. President Obama and the heads of nearly 20 other countries will gather there for a series of high-level meetings organized by the Association of Southeast Asian Nations (ASEAN). Events will include the ASEAN Summit, the ASEAN Plus Three Summit, and the East Asia Summit (EAS). Obama will attend the EAS and the US-ASEAN Leaders Summit as well.

Here at Stanford the issues at stake in these summits will be assessed in conversation among the ambassadors to the United States from five ASEAN member countries—Indonesia, Malaysia, the Philippines, Singapore, and Viet Nam—and the president of the US-ASEAN Business Council. How will the ASEAN Community planned for 2015 affect economy, security, and democracy in Southeast Asia? What are China’s intentions in East Asia?  How should ASEAN respond to Chinese behavior? Will a Code of Conduct in the South China Sea be announced in Phnom Penh? What can we expect from Indonesia’s leadership of the Asia-Pacific Economic Cooperation (APEC) forum in 2013? Is protectionism in Southeast Asia on the rise? Has Europe’s recent experience discredited economic regionalism? Is the US-backed Trans-Pacific Strategic Economic Partnership (TPP) good or bad for Southeast Asia? Should the controversial American “rebalance” toward Asia be rebalanced? How reversible are the reforms in Myanmar (Burma)? What changes inside ASEAN will make the organization more effective? What is the single change in US policy that each ambassador would most like to see?


Bechtel Conference Center

H.E. Dino Patti Djalal Indonesian Ambassador to the US Speaker
H.E. Datuk Othman Hashim Malaysian Ambassador to the US Speaker
H.E. Jose Cuisia, Jr. Philippine Ambassador to the US Speaker
H.E. Ashok Kumar Mirpuri Singaporean Ambassador to the US Speaker
H.E. Nguyen Quoc Cuong Vietnamese Ambassador to the US Speaker
Alexander Feldman President of the US-ASEAN Business Council Speaker
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Senior Fellow Emeritus at the Freeman Spogli Institute for International Studies
Affiliated Faculty, CDDRL
Affiliated Scholar, Abbasi Program in Islamic Studies
aparc_dke.jpg PhD

At Stanford, in addition to his work for the Southeast Asia Program and his affiliations with CDDRL and the Abbasi Program in Islamic Studies, Donald Emmerson has taught courses on Southeast Asia in East Asian Studies, International Policy Studies, and Political Science. He is active as an analyst of current policy issues involving Asia. In 2010 the National Bureau of Asian Research and the Woodrow Wilson International Center for Scholars awarded him a two-year Research Associateship given to “top scholars from across the United States” who “have successfully bridged the gap between the academy and policy.”

Emmerson’s research interests include Southeast Asia-China-US relations, the South China Sea, and the future of ASEAN. His publications, authored or edited, span more than a dozen books and monographs and some 200 articles, chapters, and shorter pieces.  Recent writings include The Deer and the Dragon: Southeast Asia and China in the 21st Century (ed., 2020); “‘No Sole Control’ in the South China Sea,” in Asia Policy  (2019); ASEAN @ 50, Southeast Asia @ Risk: What Should Be Done? (ed., 2018); “Singapore and Goliath?,” in Journal of Democracy (2018); “Mapping ASEAN’s Futures,” in Contemporary Southeast Asia (2017); and “ASEAN Between China and America: Is It Time to Try Horsing the Cow?,” in Trans-Regional and –National Studies of Southeast Asia (2017).

Earlier work includes “Sunnylands or Rancho Mirage? ASEAN and the South China Sea,” in YaleGlobal (2016); “The Spectrum of Comparisons: A Discussion,” in Pacific Affairs (2014); “Facts, Minds, and Formats: Scholarship and Political Change in Indonesia” in Indonesian Studies: The State of the Field (2013); “Is Indonesia Rising? It Depends” in Indonesia Rising (2012); “Southeast Asia: Minding the Gap between Democracy and Governance,” in Journal of Democracy (April 2012); “The Problem and Promise of Focality in World Affairs,” in Strategic Review (August 2011); An American Place at an Asian Table? Regionalism and Its Reasons (2011); Asian Regionalism and US Policy: The Case for Creative Adaptation (2010); “The Useful Diversity of ‘Islamism’” and “Islamism: Pros, Cons, and Contexts” in Islamism: Conflicting Perspectives on Political Islam (2009); “Crisis and Consensus: America and ASEAN in a New Global Context” in Refreshing U.S.-Thai Relations (2009); and Hard Choices: Security, Democracy, and Regionalism in Southeast Asia (edited, 2008).

Prior to moving to Stanford in 1999, Emmerson was a professor of political science at the University of Wisconsin-Madison, where he won a campus-wide teaching award. That same year he helped monitor voting in Indonesia and East Timor for the National Democratic Institute and the Carter Center. In the course of his career, he has taken part in numerous policy-related working groups focused on topics related to Southeast Asia; has testified before House and Senate committees on Asian affairs; and been a regular at gatherings such as the Asia Pacific Roundtable (Kuala Lumpur), the Bali Democracy Forum (Nusa Dua), and the Shangri-La Dialogue (Singapore). Places where he has held various visiting fellowships, including the Institute for Advanced Study and the Woodrow Wilson International Center for Scholars. 



Emmerson has a Ph.D. in political science from Yale and a BA in international affairs from Princeton. He is fluent in Indonesian, was fluent in French, and has lectured and written in both languages. He has lesser competence in Dutch, Javanese, and Russian. A former slam poet in English, he enjoys the spoken word and reads occasionally under a nom de plume with the Not Yet Dead Poets Society in Redwood City, CA. He and his wife Carolyn met in high school in Lebanon. They have two children. He was born in Tokyo, the son of U.S. Foreign Service Officer John K. Emmerson, who wrote the Japanese Thread among other books.

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Donald K. Emmerson Director, Southeast Asia Forum, Shorenstein Asia-Pacific Research Center Moderator Stanford University
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The third annual China 2.0 conference at Stanford University will bring together thought leaders from China and the US to discuss the driving forces and global implications of the rapid growth of China’s internet industry.

Already home to two of the world’s top five internet firms by market capitalization, China is a launchpad for both innovative start-ups and global powerhouses. These firms are increasingly shaping the global digital economy.

Comprising 1 billion mobile subscribers, over half a billion internet users, and a high rate of smartphone adoption, China’s internet is now so pervasive that in sectors from communication and commerce to media and entertainment, it is a key driver of investment and innovation.

While state-owned players dominated China's offline world, entrepreneurs are in the driving seat online, fueled by an increasingly deep reserve of venture capital and private equity.

The combination of ideas, entrepreneurs and capital is helping blur the lines between online and offline sectors, and the boundaries between industry sectors in China.

Confirmed Keynote Speakers

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Robin Li

Co-founder, Chairman and Chief Executive Officer, Baidu

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Jon Huntsman, Jr.

Jon M. Huntsman, Jr.

Former US Ambassador to China and Governor of Utah

Li has led Baidu to become China’s largest search engine, with over 80% market share and a market capitalization of $40 billion. A pioneer and leader of China’s internet industry, he was named by Time magazine in 2010 as one of the “World’s Most Influential People” and in 2012 he topped Forbes China’s list of best CEOs.

Huntsman served as US Ambassador to China through April 2011 when he stepped down to run for the 2012 Republican nomination for President.  Twice elected as Governor of Utah, he also has served as Deputy Secretary of Commerce for Asia, US Ambassador to Singapore, and Deputy US Trade Representative. 

 

Other featured speakers will include internet industry pioneers and leading executives, investors and entrepreneurs from both sides of the Pacific.  Stanford faculty, researchers, students and alumni from the business and engineering schools will also actively participate.

Conference sessions will focus on key issues, such as:

  • How are China's internet players expanding into new markets both at home and overseas?
  • How are Silicon Valley firms shaping their global strategies for China, to tap opportunities there both as a market and a source of ideas and talent?
  • How are new partnerships among US and China companies fostering new engines for innovation?
  • What are the latest trends in China’s domestic and foreign venture capital and private equity investment landscape? Which sectors are over-funded and in which sectors will the next wave of entrepreneur-led market disruption emerge?
  • With the challenges facing firms such as Facebook, Zynga and Groupon in the US, are China's immune from a downturn due to differences in business models?
  • What innovations from hot sectors, such as mobile gaming, are on the horizon?

More information on the conference agenda, directions to the conference venue, parking information and media/press, please visit the conference website.

Any questions? Please email sprie-stanford@stanford.edu.

Knight Management Center
Stanford Graduate School of Business
Stanford University

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China 2.0 2012 Conference to focus on internet innovation and investment landscape

The Stanford Program on Regions of Innovation and Entrepreneurship (SPRIE) is pleased to announce its third annual China 2.0 conference, set to take place on September 28, 2012 at Knight Management Center of the Stanford Graduate School of Business.

Focused on the theme of “Fostering Innovation Beyond Boundaries”, the event will bring together thought leaders from China and the US to discuss the driving forces of the rapid growth of China’s internet industry and its global implications in communications, commerce and content.   Already home to two of the world’s top five internet firms by market capitalization, China is a launchpad for both innovative start-ups and global powerhouses. These firms are increasingly shaping the global digital economy.

2012 Keynote Speakers

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Robin Li


Co-founder, Chairman and Chief Executive Officer, Baidu

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Jon Huntsman, Jr.

Jon M. Huntsman, Jr.

Former US Ambassador to China and Governor of Utah

Li has led Baidu to become China’s largest search engine, with over 80% market share and a market capitalization of $40 billion. A pioneer and leader of China’s internet industry, he was named by Time magazine in 2010 as one of the “World’s Most Influential People” and in 2012 he topped Forbes China’s list of best CEOs.

Huntsman served as US Ambassador to China through April 2011 when he stepped down to run for the 2012 Republican nomination for President.  Twice elected as Governor of Utah, he also has served as Deputy Secretary of Commerce for Asia, US Ambassador to Singapore, and Deputy US Trade Representative. 


Other featured speakers will be internet industry pioneers and leading executives, investors and entrepreneurs from both sides of the Pacific.  Stanford faculty, researchers, students and alumni from the business and engineering schools will also actively participate.  By convening at Stanford long-time experts and next generation leaders from business, policy, and academia, the conference offers a unique opportunity to hear insights and interact with those who are driving the rise of China 2.0 and digital innovation in the US and China.

Planned panels will focus on key issues such as:

  • How are China's internet players expanding into new markets both at home and overseas?
  • How are Silicon Valley firms shaping their global strategies for China, to tap opportunities there both as a market and a source of ideas and talent?
  • How are new partnerships among US and China companies fostering new engines for innovation?
  • What are the latest trends in China’s domestic and foreign venture capital and private equity investment landscape? Which sectors are over-funded and in which sectors will the next wave of entrepreneur-led market disruption emerge?
  • With the challenges facing firms such as Facebook, Zynga and Groupon in the US, are China's immune from a downturn due to differences in business models?
  • What innovations from hot sectors, such as mobile gaming, are on the horizon?

China 2.0 is a research and education initiative of the Stanford Program on Regions of Innovation and Entrepreneurship (SPRIE) at the Stanford Graduate School of Business. China 2.0 focuses on the drivers, dynamics and global implications of the rise of China’s internet industry. The mission is to contribute to world-class education based on groundbreaking research and best practices, facilitating stronger links between internet industry pioneers, venture investors, academics and students on both sides of the Pacific.

Last year’s China 2.0 conference attendance reached a full capacity of 600 at the Stanford Graduate School of Business.   The event attracted international broadcast, print and online media coverage, including from All Things Digital, Bloomberg West, NBC, Reuters, Wall Street Journal, Financial Times, Sina.com, San Jose Mercury News, and others. 

To register for the China 2.0 2012 conference at the Stanford Graduate School of Business, please visit our Event Registration page.

For information on how to join the circle of support for the China 2.0 research and education initiative at the Stanford Program on Regions of Innovation and Entrepreneurship (SPRIE) at the Stanford Graduate School of Business, please contact Yan Mei at mei_yan@gsb.stanford.edu or 650.725.1885.

For media inquiries about the China 2.0 conference on September 28th, 2012, please contact Barbara Buell at buell_barbara@gsb.stanford.edu or 650 723-1771.


The Stanford Program on Regions of Innovation and Entrepreneurship (SPRIE) at the Stanford Graduate School of Business is dedicated to improving the understanding and practice of innovation and entrepreneurship in the global economy. Through international and interdisciplinary research, publications, education, conferences and a platform for global thought leadership, SPRIE impacts the arenas of academia, policy and business.  

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Education has provided the critical foundation for Asia’s rapid economic growth. However, in an increasingly globalized and digital world, higher education faces an array of new challenges. While the current strengths and weaknesses of educational systems across Asia differ considerably, they share many of the same fundamental challenges and dilemmas.

The fourth annual Stanford Kyoto Trans-Asian Dialogue examined challenges and opportunities in reforming higher education in Asia. At its core, the challenge facing every country is how to cultivate relatively immobile assets—national populations—to capture increasingly mobile jobs with transforming skill requirements. This raises fundamental questions about skills needed for fast-paced change, domestic inequality, the role of government, and choices of resource allocations.

Scholars and top-level administrators from Stanford University and universities across Asia, as well as policymakers, journalists, and business professionals, met in Kyoto on September 6 and 7, 2012, to discuss questions that address vital themes related to Asia’s higher education systems. These included:

  • Can higher education meet the challenges of economic transformations?
    As skill requirements change with the increasing use of IT tools that enable manufacturing and service tasks to be broken apart and moved around, how can higher education systems cope? How can education systems address the increasing need for global coordination across languages and cultures? How can countries deal with demographic challenges, with developed countries facing overcapacity and developing countries with younger populations facing an undercapacity of educational resources?
  • How are higher education systems globalizing?
    What are the strategies for the globalization of higher education itself? How are universities positioning themselves to attract top talent from around the world, and what are their relative successes in achieving this? What are the considerations when building university campuses abroad? Conversely, what are the issues surrounding allowing foreign universities to build within one’s own country?
  • How can higher education play a greater role in innovation?
    What is the interplay between private and public institutions and research funding across countries, and what are the opportunities and constraints facing each? What is the role of national champion research initiatives? For developed East Asian countries, a focus on producing engineers raised the economic base, but many are discovering that they are still not at the leading edge of innovation. What are ways to address this dilemma? For developing countries, the challenge is how to improve basic education from the level of training basic factory workers to creating knowledge workers. How might this be accomplished? Is there room for a liberal arts college model?
  • What are the challenges and opportunities in reforming higher education?
    What are effective ways of overcoming organizational inertia, policy impediments, and political processes that hinder reform? What are the debates and issues surrounding ownership, governance, and financing of higher education?

The Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) established the Stanford Kyoto Trans-Asian Dialogue in 2009 to facilitate conversation about current Asia-Pacific issues with far-reaching global implications. Scholars from Stanford University and various Asian countries start each session of the two-day event with stimulating, brief presentations, which are followed by engaging, off-the-record discussion. Each Dialogue closes with a public symposium and reception, and a final report is published on the Shorenstein APARC website.

Previous Dialogues have brought together a diverse range of experts and opinion leaders from Japan, South Korea, China, Vietnam, Thailand, Indonesia, Singapore, India, Australia, and the United States. Participants have explored issues such as the global environmental and economic impacts of energy usage in Asia and the United States; the question of building an East Asian regional organization; and addressing the dramatic demographic shift that is taking place in Asia.

The annual Stanford Kyoto Trans-Asian Dialogue is made possible through the generosity of the City of Kyoto, the Freeman Spogli Institute for International Studies at Stanford University, and Yumi and Yasunori Kaneko.

Kyoto International Community House Event Hall
2-1 Torii-cho, Awataguchi,
Sakyo-ku Kyoto, 606-8536
JAPAN

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In 2008, the world passed an invisible but momentous milestone: for the first time, more than half of the human population lived in cities, with urbanization projected to intensify to more than 5 billion people by 2030. During the past handful of years, billions of dollars have been invested by governments and the private sector, from building whole new smart green cities of Songdo and Masdar to creating new services on mobile devices in New York City and Barcelona. What have we learned to date? What is on the horizon?

On June 26-27, the Stanford Program on Regions of Innovation and Entrepreneurship (SPRIE) hosted a circle of experts from six countries to examine “Innovations for Smart Green City: What’s Working, What’s Not and What’s Next”. Professor William J. Perry - Chair, US Secretary of Energy Advisory Board and former US Secretary of Defense delivered the opening keynote on potential game changers on the energy landscape. Subsequent speakers from leading universities, research institutes and firms shared insights gleaned from their direct involvement in smart city projects in Amsterdam, Barcelona, Busan, Chengdu, Chicago, Chongqing, Dalian, Guangzhou, Masdar, New York City, San Francisco, Seoul, Singapore and more.

Leaders from university research labs shared pioneering deployment and analysis of information technologies in sensors, from autonomous car research at Stanford to the work at MIT’s Senseable City Lab on whole city intelligent traffic monitoring in Singapore. The Roundtable closed with a look at emerging technologies, new research partnerships, and the pipeline for relevant clean-tech startups. The 1 1/2 day event ended with a keynote by Rex Northen, executive director of CleanTech Open which has been involved with finding, fostering and funding around 600 start-ups with $660 million in funds over the past six years.

Next steps include concrete actions to support the call for presenters and discussants, representing experience from architecture to IT, to better integrate research and action across disciplines, organizational boundaries and national borders. With generous support from the Industrial Technology Research Institute (ITRI) and others, SPRIE will continue to collaborate and work in this area.


Roundtable Videos

William J. Perry, Chairman, US Secretary of Energy Advisory Board; Former US Secretary of Defense; Michael and Barbara Berberian Professor (emeritus), and Senior Fellow, Freeman Spogli Institute for International Studies, Stanford University
"Energy...The Good News"


Cliff Thomas, Managing Director, Smart + Connected Communities, Cisco
"Digital Urban Transformation"


Jung-Hoon Lee, Associate Professor, Graduate School of Information, Yonsei University; SPRIE Visiting Scholar, Stanford Graduate School of Business
"Toward a Framework for Smart Cities: A Comparison of Seoul, San Francisco and Amsterdam"


Ko-Yang Wang, Chief Technology Officer, Institute for Information Industry (III)
"Smart System Services in Smart Green Cities"


James Sweeney, Director, Precourt Energy Efficiency Center, Stanford University
"Green" Cities and Energy Efficiency"


Sven Beiker, Executive Director, Center for Automotive Research (CARS), Stanford University
"New Research on Autonomous Driving"


Kung Wang, Professor, China University of Technology
"Cross-strait Partnering on Smart Energy Management and Innovation in the Post-Economic Cooperation Framework Agreement Era"

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