The 2023 New Orleans Entrepreneur Week was recently held in the Crescent City to celebrate the city’s focus on entrepreneurship, technology, innovation, and culture. According to this article from NOLA.com, the panel titled “Third Wave Industries and Climate Leadership,” highlighted just how New Orleans culture helps to draw in startups and clean energy.
The week-long series of workshops, speeches, panels, discussions, and live music that made up the 2023 New Orleans Entrepreneur Week drew in nearly 1,400 attendees, according to event organizers. One of the ways this year’s NOEW was different from previous years was that the event’s final three days included ticketed items such as concerts and entertainment offerings.
Producer Liz Maxwell of Idea Village, the small business accelerator program that created NOEW said, “NOEW has become a really important event for this community. It shows what is possible here in New Orleans and Louisiana and that we can create and innovate together.”
This year’s theme for NOEW was innovation and culture, which included speeches and sessions built around eight subthemes. These subthemes included: Climate tech, Culture tech, EATrepreneurs, Future of local business, Health innovation, Investing in innovation, Software as service engineers, and Startups for impact. In terms of guest speakers for the weeklong event, dozens of local and national speakers made it out to New Orleans, including keynoter Mary Landrieu, the former U.S. senator from Louisiana, and AOL founder Steve Case.
One of the talks for the New Orleans Entrepreneur Week focused on the fact that the Louisiana government’s climate policies were responsible for creating several economic development opportunities. This talk from the Louisiana Governor took place in Gallier Hall, where he announced that a key update will be coming to Louisiana’s renewable energy sector. This update is expected to offer a boost to those local companies that are racing to develop new types of carbon-capture technologies.
This update will come as a result of new federal regulations that are set to arrive later this spring, and it’s expected that these regulations from the federal government will give the Louisiana Department of Natural Resources the primary authority over wells needed to inject carbon underground, instead of this authority going to the U.S. Environmental Protection Agency. If this update is finalized later this year, the new rules that will be in place will essentially speed up the permitting process and as a result make carbon capture and sequestration a reality in Louisiana ahead of the next gubernatorial election.
The speaker was quoted as saying, “we have to embrace things like carbon capture and sequestration because we cannot be successful and the world cannot be successful if we keep just emitting it the way we have. The science is there. The safety is there. I know we have to demonstrate that, but carbon capture is going to be very important moving forward.”
The Louisiana Government’s Climate Action Plan focuses heavily on carbon capture as one of its key planks, as it seeks to reduce the state of Louisiana’s carbon emissions to net zero by 2050. In addition to this goal, the plan also calls for developing purely renewable energy sources such as wind power, solar power, and cleaner fuels like hydrogen.
One of the key takeaways from the presentation was that Louisiana has several economic development strengths that are aided by New Orleans attracting more startup companies and talent to the state of Louisiana. The Governor spoke about how this attraction of businesses could continue by saying that the state continues to “have more of these kinds of events.
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