When a speaker at yesterday’s CleanTechLA event presented what Deutsche Bank calls its “three pillars of a successful market,” I could see some of the main challenges associated with the migration to renewable energy. Abbreviated “TLC” (something that everyone and everything needs to receive), they are Transparency, Longevity, and Certainty. (more…)
Finance plays a critical role in the development of clean technologies. Purchasing new technologies, such as solar energy and electric vehicles, often comes with a hefty price tag which immediately begs the question, “who actually pays for these projects?” The financing of clean technologies and projects can assume a variety of forms. For instance, a state government can help cover the cost of a new solar installation by enacting policies such as feed in tariffs, tax incentives, or rebates. Another form of finance involves private companies that invest money in clean tech companies in order to help them develop a new technology. Finance will continue to drive the clean tech industry forward, and understanding the fundamentals of it is certainly valuable.
Every year, American building owners lose billions of dollars as they overpay for energy to power their lighting, heating, and cooling systems, as energy is wasted in obsolete equipment or leaks out of a porous building envelope. The right energy efficiency measures can reduce costs by 20% to 40%, but they can also require substantial upfront sums. Additionally, (more…)
Leaders from some of the largest pension funds in the U.S. and the world are concerned about the future profitability of fossil fuel companies, and they have asked those companies to report on their plans for managing a long-term shift toward renewable energy.
Managers of 70 major pension funds, which together (more…)
If you’ve not been paying much attention to cleantech in the last little while, it’s time to sit up and take notice.
Because post-Solyndra, cleantech has been quietly gaining momentum.
We had the chance to take a close look at the fundamentals of cleantech over the last two months in co-authoring a new (and free!) 38-page research report in conjunction with Oakland, Calif.-based advocacy group As You Sow and the Responsible Endowments Coalition of Brooklyn, New York. (more…)
Solar’s high price tag once limited its use to those willing or required to pay more for cleaner power — but that’s quickly changing. A dramatic drop in panel prices means we are now in a new era of solar: one in which solar technology costs are no longer the major barrier to scale. (more…)
In the depths of the Great Recession three years ago, California’s chief fiscal officer John Chiang gathered his deputies and posed a question: “Is there any way we can put capital on the ground in California to put people back to work in ways that would make sense for the long term?”
After some debate, they settled on what they called (more…)
Virgin Australia this week updated its financial guidance for the financial year ended June 30, 2013. The airline cited the carbon tax among other factors that have contributed to the company’s anticipated losses. The company confirmed that the pre-tax costs of the carbon tax for the 2013 financial year were estimated to be between AUD $45 million and AUD $50 million. (more…)