Month: April 2015

Vancouver Aims to be Powered by 100% Renewable Energy

- Adam Clare

Vancouver has a new goal: be powered by only renewable energy. This announcement was made the same week that an oil spill hit the city’s shores. Indeed, the city is so sick of wasting money on carbon-based power sources that their 100% goal even includes cars, trucks, buses, etc.

This is great news for the people of Vancouver and will hopefully inspire other Canadian cities to follow.

Andrea Reimer, Vancouver’s deputy mayor told the Guardian: “There’s a compelling moral imperative but also a fantastic economic case to be a green city.” The 100% goal is likely to be set for a target year of 2030 or 2035.

The article points out that many other cities around the world well on their way to being powered by 100% renewable:

More than 50 cities have announced they are on their way to 100% renewable energy including San Diego and San Francisco in California, Sydney Australia, and Copenhagen. Some are aiming for 2020, others by 2030 or 2035.

Some, like Reykjavik, Iceland, are already there for electricity and heat. The entire country of Costa Rica was powered by renewables for 75 consecutive days this year.

Read more.

Faster Than Oil, Clean Energy on the Rise

- Adam Clare

Economists are really bad at predictions, but their views carry sway over large amounts of capital. Their most recent inaccuracies have been in the energy sector. Clean, renewable, energy is making faster progress than previously predicted.

Renewables have seen faster implementation, more investment, and quite massive technical gains in the past few years. And all of these gains have happened despite the fact that oil is so cheap (in terms of money, not carbon).

Each of these trends — cheaper batteries and cheaper solar electricity — is good on its own, and on the margin will help to reduce our dependence on fossil fuels, with all the geopolitical drawbacks and climate harm they entail. But together, the two cost trends will add up to nothing less than a revolution in the way humankind interacts with the planet and powers civilization.

You see, the two trends reinforce each other. Cheaper batteries mean that cars can switch from gasoline to the electrical grid. But currently, much of the grid is powered by coal. With cheap solar replacing coal at a rapid clip, that will be less and less of an issue. As for solar, its main drawback is intermittency. But with battery costs dropping, innovative manufacturers such as Tesla will be able to make cheap batteries for home electricity use, allowing solar power to run your house 24 hours a day, 365 days a year.

Read more.

Young Investors Care More About Using Money for Good

- Adam Clare

It turns out that people born after 1980 care more about investing in companies that make the world better than investing in companies that don’t. Traditionally investors were told to only care about one thing: profit. Younger investors have seen that way of thinking not work out given the ongoing lame economic performance of that attitude and the environmental destruction it wrought.

It’s good to see money going to places that can make the world a better place.

Another reason why it’s anticipated that Millennials could increase demand for impact investing is they indicate less interest in traditional style equity investing. A study by U.S. Trust found that 51% of Millennials feel that investing in equities is overrated, and are also hesitant about investing in the stock market due to fears of losing money. However, they are still interested in investing, as 81% believe that buying investments and holding them over the long term is the best way to grow money over time.

One way that Millennials are putting fears aside and putting their money to work is investing in good causes. As seen below, they are more willing than older generations to take on higher risk and lower returns in order to invest in companies that positively affect society or the environment.

Read more.

Urban Living Cheaper, More Sustainable Than Suburban

- Adam Clare

UrbanVSuburban

Years of car-focused suburban designs have unleashed problems in the 21st century that we will have to deal with and accommodate. The years of the suburbs are coming to an end and it can’t be soon enough. With every passing years more and more municipalities discover that urban design is the better choice.

The above image is composed of data taken from a report done by Halifax in 2005. Undoubtably the costs of supporting suburban households has only increased relative to urban housing.

Recently, the New Climate Economy released a report titled Analysis of Public Policies that Unintentionally Encourage and Subsidize Sprawl and advocates for a change to policies to encourage better urban design.

The report, Analysis of Public Policies that Unintentionally Encourage and Subsidize Sprawl—written for the New Climate Economy by the Victoria Transport Policy Institute, in partnership with LSE Cities—details planning and market distortions that foster sprawl, and smart growth policies that can help correct these distortions.

Sprawl increases the distance between homes, businesses, services and jobs, which raises the cost of providing infrastructure and public services by at least 10% and up to 40%. The most sprawled American cities spend an average of $750 on infrastructure per person each year, while the least sprawled cities spend close to $500. In its Better Growth, Better Climate report, the New Climate Economy has found that acting to implement smarter urban growth policies on a global scale could reduce urban infrastructure capital requirements by more than US$3 trillion over the next 15 years.

The New York Times ran an article on urban versus suburban costs back in 2010.

So we set out to do the math, based on an apartment and a house in the New York metropolitan area. Here’s what we found: a suburban lifestyle costs about 18 percent more than living in the city. Even a house in the suburbs with a price tag substantially lower than an urban apartment will, on a monthly basis, often cost more to keep running.

It’s very clear that as we populations grow urban design needs to focus on sustainable infrastructure planning and all of us should encourage it.

Canada Can be Fossil Fuel Free

- Adam Clare

Canada has an international reputation as being a dullard when it comes to the environment. That’s not shocking given that the present “conservative” government has sabotaged international climate meetings, has climate change deniers as leaders, and openly supports the world-destroying tar sands.

All of this can change though.

A group of over 60 scientists in the country have proven that Canada can be powered by 100% renewable, sustainable, energy by the year 2035!

The authors of the report want to place a realistic plan on the table for political and public discussion. And they want this plan discussed before the next election and before the next climate summit in Paris later this fall.

These transitional steps have the potential, the report says, to create a low carbon economy by 2035, and reducing carbon emissions by 21-28 per cent below 2005 levels, just ten years from now.

Read more.

Read the full report here.

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