Welcome to our Aug/Sept issue on Investing in Renewable Energy. This special double issue takes on an extremely urgent topic – the energy transition from fossil fuels to a clean energy future. One of the writers in this issue states that we are half through the 50-year transition to a more sustainable clean energy economy which will take trillions of dollars in annual investments to make it happen successfully. I believe, after 30 years of publishing GreenMoney, that stewardship of this planet is an unprecedented opportunity for our clean energy future.
In support of this multifaceted opportunity, we’re sharing an impressive set of articles including Ron Pernick of Clean Edge on Clean Energy Investment and Innovation Trends; Dr. Pooja Khosla of Entelligent on Navigating the Investment Impact from the EPA’s Evolving Carbon Rules; and Paul Hilton of Trillium looks at Public Equity Investing in Renewable Energy and Energy Efficiency. Also find David Breecker of Microgrid Systems Laboratory providing insights on Investing in Resilience and Access: The Global Microgrid Energy Landscape; and Zach Stein of Carbon Collective Investing educates us on The Climate Pricing Gap. Finally, check out our Featured Podcast from Bloomberg Green’s ZERO: The Climate Race on How solar’s explosive growth is making electricity free and a Featured TedxBoston Video with Dr. Jonathan Foley on Project Drawdown’s Science Framework to Accelerate Climate Solutions.
Back in June, one of our articles on the topic of clean energy took off on social media. When the team at Terrestrial Energy posted it on Twitter, it received thousands of clicks and retweets. The article featured well-respected Parnassus Investments removing their screen on nuclear energy in support of the transition to low-carbon economy. Read it here – Parnassus Removes Investment Screen for Nuclear Power.
Not often does a publisher receive two awards in a year but that has happened for GreenMoney. The latest is part of the annual Worldwide Finance Awards from Acquisition International. GreenMoney was named “Best Sustainable Investment Resource 2023 – North America.” Thank you for this recognition!
Finally, as you know, the fall conference season is coming up quickly. Stay up to date on over 60 conferences with GreenMoney’s Global Events Calendar. We especially recommend Climate Week 2023, Sept 17-24 in New York; and the one I attend every year, the ESG for Impact Conference, October 8-11 in Broomfield, CO. See you there!
– Cliff Feigenbaum, publisher/founder
Zero: The Climate Race podcast – In the next three years, 1TW of solar power will be added to the global grid and competition is driving solar prices even lower. And after years of innovation in China, Japan and Germany, the U.S. is finally getting in the game in a major way through its IRA which offers incentives to manufacture cleantech in the U.S. In early 2023, the South Korean company QCells announced it would build a domestic supply chain in the U.S. to gain access to enormous tax credits. But in a global marketplace, is this worth doing? Despite solar’s potential, manufacturing its parts has never been a reliable business.
In this episode, Akshat talks to Jenny Chase of BloombergNEF and an expert on the solar industry about its boom/bust cycle, why solar’s growth means electricity may soon be free during the day, and what QCells is up against. We also hear from Lindsay Cherry of QCells about how the company will achieve its ambitious goal to build a solar supply chain from scratch.
Dr. Jonathan Foley at TEDx Boston (January 2023) – One of the keys to avoiding greater climate catastrophe is to rapidly invest significant capital in climate solutions through private investment, philanthropy and government funding. Philanthropists, impact investors and venture capitalists are now investing over $150 billion per year in new climate solutions and ventures. The world’s governments are also starting to step up, investing even more. And this funding will likely accelerate, snowballing into significant action. This presents us with a huge opportunity today.
Unfortunately, despite the massive increase in climate investing, much of the money isn’t being allocated wisely, following the best scientific guidance. Climate philanthropists and investors need better science-based tools and frameworks to allocate capital to the most effective climate solutions – solutions that will yield the greatest benefit to the atmosphere. To address this problem, Project Drawdown has developed a new “Drawdown Roadmap” that provides a science-based allocation framework to help private investors, philanthropists and other funders develop more effective climate strategies. Dr. Jonathan Foley is a leading climate scientist, sustainability expert, educator and executive director of Project Drawdown.