Let’s Get Joe the Investor Invested in the Green Economy

Written on 01/26 at 03:46 PM by Andy Posner 0 comments

Filed under: Huffington Post environment

I wrote this article for the Huffington Post.  It can be seen in its original context here.

One of the great things about the green jobs movement is that it brings to the fore the importance of getting a diverse group of constituents benefiting from and arguing for a green economy.  As a result, more and more people are feeling invested in this new economy, because they see how it will be good for them, their family and their community.  After all, it’s a lot easier to push through legislation that will support renewable energy, for instance, if unions, solar installers, utilities, community organizations and non-profits are all in favor. 

Green Collar Jobs Are Great--Now How About Green Collar Investments?
Despite this promising trend, there remains a significant obstacle to getting a broader range of people invested in all things green: a lack of green investment opportunities that 1) have a reasonable, secure return on investment and 2) provide tangible environmental and/or social benefits.  Sure, venture capitalists are investing in clean tech like crazy, green mutual funds are springing up, and myriad publicly traded companies are working on environmentally friendly technologies.  But for Joe or Jane the investor--that is, a person with some money she would like to invest, but who can’t afford a high-profile money manager and doesn’t know a whole lot about investing--these opportunities are either difficult to understand or hard to find out about.



How Access to Information Can Tackle Poverty and Pollution

Written on 01/11 at 06:18 PM by Andy Posner 2 comments

Filed under: philosophy Huffington Post environment

I wrote this article for the Huffington Post.  It can be seen in its original context here

In the Spring of 2007 I had the opportunity to spend a month working with my good friend and colleague T.H. Culhane, the founder of Solar CITIES, an NGO that builds solar water heaters and biogas generators in the slums of Cairo, Egypt.  What is most innovative about what Solar CITIES does is that they build the systems almost entirely out of recycled materials and garbage--things like discarded butter tins, plastic barrels and metal.  At the same time, they are building a cottage industry, training local residents to design and build affordable renewable energy systems.  It is one of the first green job training programs in Egypt, and the only one focusing on slum communities. 

T.H. is one of those rare social entrepreneurs whose boundless energy, commitment and intelligence inspires everyone around him and attracts attention to his cause.  Yet to me the most striking aspect of the trip was noticing the way in which T.H. leveraged his access to information (he is also a PhD candidate in urban planning at UCLA) to enable Cairenes to see the benefits of his systems, and then to come up with better, more efficient designs themselves.  Carrying his iPod around like an instrument for social change, instead of merely a toy for the privileged, he would show videos and drawings of solar thermal systems to carpenters, plumbers and community leaders.  Eager to benefit their communities, these individuals quickly saw the upsides of solar hot water.  After all, most Cairenes currently heat their home in a way that is dangerous (due to fumes and the possibility of explosion) and expensive, whereas solar hot water is reliable, silent and clean (and if fossil fuels weren’t massively subsidized in Egypt, it would also be the cheapest form of energy in “The City of the Sun").  They immediately began coming up with innovations--finding more durable and affordable materials, refining and even refuting the designs of so-called experts, and inventing brand new manufacturing techniques.



Considering All the Benefits of Residential Renewable Energy is Critical

Written on 12/14 at 04:05 PM by Andy Posner 4 comments

Filed under: Huffington Post environment Renewable Energy

I wrote this article for the Huffington Post. It can be found in its original context here.

Ask most people about the benefits of residential renewable energy--geothermal, rooftop solar photovoltaic and solar thermal, and backyard wind turbines, primarily--and the response is usually the same: they are good for the environment, raise property value and lower or eliminate utility bills.  While undoubtedly true, these responses present an incomplete picture of the benefits of distributed renewable energy.  In certain instances, such as last week when a single ice storm left over 1 million homes and businesses in New England without power, a residential energy system can mean the difference between seeking shelter and being able to shelter others.  Other times, particularly during peak demand, renewables stabilize the grid and lower costs for all utility customers.

The Grid Can Fail, and It’s Expensive When It Does
America’s electricity grid is an engineering marvel, but it is also old, outdated, overstrained and susceptible to failure from storms, terrorism, accidents and high energy demand.  And when the grid fails, not only is the loss of power inconvenient, it is also dangerous and costly.  For example, the 2003 blackout that stretched from Canada to New York was estimated to have an economic cost of “between $7 and $10 billion. . .due to food spoilage, lost production and overtime wages” as well as the cost of repairing and upgrading the affected parts of the grid.  While the 2003 grid failure was one of the most extraordinary outages to hit the United States, smaller scale blackouts, particularly from storms and natural disasters, are rather common.



A Financing Mechanism Powerful Enough to Catalyze the Green Economy

Written on 12/07 at 09:02 PM by Andy Posner 1 comments

Filed under: Huffington Post Business environment Renewable Energy

I wrote this article for the Huffington Post.  It can be seen in its original context here.

Despite the recent (and undoubtedly temporary) drop in energy prices, the fact remains that because of the economic downturn and an aging housing stock, many families will struggle to heat their homes this winter.  At the same time, the need to create jobs, stimulate the economy, create sound investment opportunities and drastically reduce greenhouse gas emissions has never been greater.  There is no silver bullet for solving all these challenges, but an innovative financing mechanism for renewable energy and energy efficiency could go a long way toward putting the country on the right track.  Here’s how it works.

Homeowners Need Efficiency Upgrades--But Can’t Afford Them
Imagine you are a low-income homeowner in Providence, Rhode Island. Chances are your home is 100 years old: the walls are barely insulated, the windows single-paned, and the boiler a relic of the 1950s.  In the winter your heating bills are such that you can hardly afford to run the heat, often leaving your family shivering.  And even though a $10,000 investment would dramatically lower those heating costs and pay for itself within 5 years, you can hardly pay for the mortgage--let alone $10,000 in efficiency upgrades.



Don’t Forget the Green Collar Entrepreneurs

Written on 11/23 at 04:49 PM by Andy Posner 0 comments

Filed under: Huffington Post environment

I wrote this article for the Huffington Post.  It can be seen in its original context here.

Van Jones and others have so successfully argued for green collar jobs--defined by Green for All as a job that does something for the planet, pays family wages and provides opportunities for upward mobility--that the term has become ubiquitous among politicians, environmentalists and social activists.  This should come as no surprise, particularly in the current economic climate: after all, who can argue against creating more jobs for American families, jobs that also enhance our infrastructure, national security and environment?  In fact, President-elect Obama recently announced a plan to create 2.5 million jobs over the next two years, and many of those will certainly be green collar.

But lost in all the talk of green collar jobs is the fact that there is a significant portion of the target population--low-income, people of color, the unemployed and underemployed--who want to be green collar entrepreneurs.  For example, roughly 25% of the people that graduate from a green job training program in my hometown of Providence, Rhode Island want to start their own business.  According to Mark Kravatz, who runs the program, the enthusiasm among these entrepreneurs is inspiring; they see how green can be good for them, their family and their community, and they want to get in on the game. So what’s the problem? Simply put, they have little to no options for accessing the capital they would need to make their idea a reality. 



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