The displaced polar vortex, with its frigid temperatures and strong winds, has caused energy use to soar–creating supply shortages and rising energy costs. But wind power has performed well overall.
Investment & Markets
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Over the past 16 months, Scoot has enabled 10,000 rides while covering an aggregate distance of more than 50,000 miles. The company estimates its service has kept 62,000 pounds of CO2 from the environment.
The boom in solar energy in the U.S. is due in large part to innovative financing, putting solar within reach of almost any business or homeowner with a roof, for little more than their signature. But for nonprofits it’s a different story.
The New Markets Tax Credit program spurs community development in economically hard-hit census tracks, with the benefits rippling beyond the first project out of the gate.
Formally announced in a panel discussion at the World Future Energy Summit in Abu Dhabi last week, the Vestas-backed Wind for Prosperity initiative claims to have devised a solution that will power the developing world while yielding returns for investors.
SPECIAL SERIES: The Rise Of The Sharing Economy
On January 29th, the Founder of TriplePundit, Nick Aster, led a live conversation with Neal Gorenflo (Founder of Shareable) and Nicco Mele (Founder of EchoDitto). The three discussed the growing movement of the “sharing economy.”
San Francisco-based Re-volv Solar is out to change the way solar energy is funded, and so far, it’s off to a great start. With one completed project under its belt, its second project is more than three-quarters funded and quickly setting a record for solar’s new funding concept.
Total corporate funding for solar last year was up 25 percent to $10 billion, according to the report. But the solar funding tide was not universally high, as global venture capital (VC) investments actually declined 40 percent to $600 million.
Read the open letter to CBS by venture capitalist Vinod Khosla in rebuttal to the January 5 error-ridden, misleading 60 Minutes story “The CleanTech Crash.”
Public-private partnerships are addressing societal challenges. If we want to halt climate change, ensure future access to water, develop technologies to maintain food security and mitigate disease by 2050, we need more collaboration and initiatives that advance broader collective impact.
This is shaping up to be the year of impact investing — the year when impact investing ceases to be a buzzword or a niche play and when mainstream investors start to recognize the opportunity presented by this growing investment thesis.
Through its Global Entrepreneurs Council, the UN Foundation is engaging entrepreneurs in public-private partnerships to solve global social problems. Every two years, 10 leading entrepreneurs are recruited to be part of the council and provide their innovative thinking to problems that, as a group, they decide to focus on. The latest council is focused on women and girls, among other issues.