Norway operates what is by far the world’s largest sovereign wealth fund, with approximately $840 billion in assets under management, so its investment decisions are powerful. This makes the Prime Minister’s recent announcement that the fund would be investing a greater proportion of its wealth in renewable energy even more important.
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The sold-out March 5 auction reestablished a higher CO2 allowance price and yielded nearly $94 million for reinvestment across the nine Northeastern and Mid-Atlantic states that make up the Regional Greenhouse Gas Initiative (RGGI).
For the past year, impact measurement has been the buzzword in the social enterprise industry. No longer do we focus primarily on innovation, but instead we need an innovative solution to make a significant social impact.
Cities and companies may try to ban bottled water, but this convenient form of hydration isn’t going anywhere soon. One company, Agana Rainwater, is taking a different approach to making bottled water more environmentally friendly: collecting, filtering and bottling rainwater that would otherwise go wasted. We interviewed Marc Howell, Agana’s founder and CEO, to learn more about the Buda,Texas-based company and hear about its future plans.
It is no secret that education is the surest route to a better life, but for tens of thousands of low-income students in developing nations, high costs means that access to it continues to be the stuff of fantasy. Student loans are notoriously hard to come by outside of the U.S. and Europe, largely due to the fact that banks have no track record of repayments that can be used to assess risk, and students generally don’t have collateral or a credit history to prove that they can pay back loans.
The answer to this classic “chicken-or-the-egg” problem could lie with crowdfunding, which not only presents an opportunity to get tuition loans to students who need them, but also to build a “track record of repayment” that will encourage financial institutions to offer more loans to students.
The jury might still be out on when the world will run out of oil, but the rising human and economic costs associated with climate change, air pollution and overall environmental decline are accelerating the world towards a low-carbon economy. In recognition of this reality, a half-dozen investors recently filed shareholder resolutions with 10 fossil fuel companies, including Exxon Mobil and Chevron, seeking an explanation of their strategies for competing in a low-carbon global market.
In the wake of the tragic New Year’s death of a 6-year-old girl in San Francisco caused by an on-duty Uber driver, along with another recent collision involving a Lyft driver, the public’s attention has turned to the insurance gaps in the fledgling ridesharing industry. To help bridge these gaps, Lyft announced last week a new Peer-to-Peer Rideshare Insurance Coalition, comprised of transportation companies, regulators, insurance providers and other stakeholders that have come together to address how the insurance industry can continue evolving to support the ridesharing economy.
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.
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.”