While much of the news warns doom and gloom, we’re encouraged to see many optimistic and active calls for addressing climate change in a profitable way. After all, it was only a few months back that we reflectedon 1 Year After the Paris Pull-Out — and now a compelling report on The New Climate Economy sees evidence that “we are entering a new era of economic growth.”
This quote, in particular, resonates with us, as it almost paraphrases our mission statement:
“The evidence today of the potential economic benefits are even greater than before, and the downside risks of inaction on climate change are even more stark.”
But perhaps the biggest news came in the form of the United Nations Special Report, a significant body of work with much to unpack.
This year’s IPCC report is different in that it not only delivers the bad news (again) but in sounding the alarm bells, its authors lay out an actionable strategy for dealing with our warming planet:
Wrapped inside the moral and humanitarian motivations, we see opportunity in the power of the profit motive to change behaviors and ignite the will to do more.
And with our third and largest project financing to date, a $65 million fund with Generate Capital, we are poised to help more businesses and other organizations combat climate change:
Don’t take our word for it — look to our recent coverage by Bloomberg and the SF Business Times, as well as Fortune, Lodging Magazine, Globe Street and Impact Alpha talking about how we’re helping to stop climate change by making it easy and profitable for building owners to turn energy waste into financial value.
We’re already using our unique Efficiency Production approach to eliminate the nearly 40 percent of greenhouse gas emissions created by buildings — more than any other sector* — in the U.S. alone.
“The good news is that some of the kinds of actions that would be needed to limit global warming to 1.5ºC are already underway around the world, but they would need to accelerate.”
— Valerie Masson-Delmotte, Co-Chair of Working Group I
The Trump administration might not accept the reality that climate action can be profitable, but we’re proving that it is.
Climate change is one of the greatest challenges humans have ever faced, and while the high stakes make it seem even more daunting, we already have the tools we need to get this problem solved — and in a profitable way.