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Planning and Financing Low-Carbon, Livable Cities   Leave a comment

Planning and Financing Low-Carbon, Livable Cities.

STORY HIGHLIGHTS
  • World Bank Group President Jim Yong Kim announced a groundbreaking new initiative to reach 300 cities in developing countries over four years to help them plan for a low-carbon future and get the needed finance flowing.
  • An estimated 6.2 billion people – two-thirds of the world’s population – will be living in cities by 2050.
  • Cities already account for about two-thirds of the world’s energy consumption and about 70 percent of greenhouse gas emissions. A low-carbon development path could help them cut global greenhouse gas emissions by 30 percent.

Unlocking a $500 billion green industry, without government aid — Cleantech News and Analysis   Leave a comment

The Property Assessed Clean Energy (PACE) legislation enables property owners to accept a voluntary tax assessment as a means of repaying upfront financing of energy efficiency and renewable energy improvements. Twenty-six states in the United States, along with Australia, and New Zealand, have enacted legislation enabling the secure and scalable financing PACE structure. PACE has yet to take off in the U.S. for homes because of uncertainties in the financing of the program from Freddie Mac and Fannie Mae. But, the commercial side, now solidly financed, can take off.

The key motivator behind PACE is a sound one: there’s “no upfront capital cost.” No upfront capital cost was a key in unlocking the deployment of solar when, at SunEdison, I created the power purchase agreement for the solar industry.  It enabled companies like Walmart, Staples, and Whole Foods to buy energy rather than buying a solar system.  They pay for the energy used over time.  It made solar make business sense.

Now, with this business consortium, we are unlocking the financing for the deployment of 20-year old technologies like more efficient lighting, cooling and heating, and water saving toilets.

When I tell most people about this new program, the immediate reaction is, “Well that’s a no brainer.”  But simple, obvious, powerful, business-sense solutions take brains. It then becomes a “no brainer decision” for buyers creating $500 billion dollar industries.”

 

via Unlocking a $500 billion green industry, without government aid — Cleantech News and Analysis.

Posted September 22, 2011 by arnoneumann in Energy, finance

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