In 2012, the United States was poised to begin converting 20 percent of petrochemical consumption to bio-based products, creating jobs, reducing greenhouse gas emissions, and capturing a large share of the global renewable chemicals market. However, the required bio production capacity was estimated to cost close to $50B and, with government budgets limited, would need to come from private investors.
In April 2012, the Milken Institute, with support from the United States Department of Agriculture, hosted a Financial Innovations Lab to discuss various ways to spur the industrial side of biotechnology, the bio economy. Participants representing finance, policy and industry identified three significant barriers to the development of new bio-fuels in the United States: longer timetables than investors can tolerate, highly competitive and volatile petrochemical market pricing to which renewables are tied, and the tight regulation of biofuels that is typically more onerous than that of traditional petrochemicals which benefit from long-standing exemptions and tax credit supports. Participants proposed many innovative ideas including a new array of green banks to finance small, experimental projects, government back- stopping of investments, investor first loss de-risking of projects, and better administration of existing agricultural programs to bolster bio-based businesses, among others.
Countries undergoing population aging today are facing a much different experience than their historical counterparts. One only needs to look at the countries in Asia to see how these trends are unfolding. Demographic aging is happening...
The 26th annual Milken Institute Global Conference convened the best minds in the world to tackle its most urgent challenges and realize its most exciting opportunities. Throughout the four-day event, our health teams curated nearly three...
Even before the onset of the COVID-19 pandemic, the United States was confronted with a number of significant policy concerns. Today, working together to solve those challenges is more imperative than ever. The Milken Institute is committed...
The Financial Innovations Labs® and FasterCures teams have collaborated on a project to identify new models for financing the antimicrobial resistant antibiotic pipeline. These past 18 months have demonstrated how consequential public...
While some sounds can be annoying for most people, for a few, certain sounds like chewing, sniffling, or pen clicking can trigger an intense physical and emotional response. Those with this condition can experience increased heart rate...
In this collection of essays from the Center for the Future of Aging, experts identify challenges and opportunities in realizing the potential of healthy, productive and purposeful aging.
Technical Update Dementia presents a pernicious gender-based health disparity in the United States, inflicting a disproportionate burden on women as both patients and caregivers. Given the rapid increase in the population of older Americans...
Nationwide protests in the summer of 2020 sparked many of the largest US corporations to pledge more than $200 billion to advance racial equity and confront the nation’s history of systemic racism. Nonprofits, government agencies, and...
This year’s report, Building a Resilient America: The New Consensus for Action, is part of The Milken Institute-Harris Poll Listening Project, now in its fifth year, which surveys socioeconomic, institutional, and political barriers to...