Green Blizzard’s mission is to enlighten consumers about how they can reduce their carbon footprint by making smarter lifestyle and consumption decisions and more importantly recognizing the environmental impact of those everyday decisions.
We’ve been beating this drum for years, knowing that the world’s governments are not going to be adept and responsive enough to take the necessary actions.
Scaling back our collective CO2 emissions to the necessary levels to begin slowing the man-made climate change impact, is a complex and multi-faceted effort. Collectively neither individuals nor the governments cannot achieve it alone. Carbon footprint reducing results have to come from a robust combination of our governments, the free market, and the 7 billion global citizens.
For now, let’s focus on the free market, specifically impact investing.
Up until recently, the most promoted financial option on the street was the carbon credit. All sorts of environmental and nature conservancy groups promoted the sale of their carbon credit that was going to save the world. In our opinion, these carbon credits are essentially that popular card in the Monopoly game, the “Get Out of Jail” card. As individuals with never-ending, mostly expanding carbon footprints, we cannot simply buy our way out with a pass to kick the problem down the road.
A few years ago, a new option emerged – green bonds. Not all of us can afford or even have the opportunity to invest in their personal rooftop solar project, but with impact investing, or green bonds, you can join a group of investors and fund a commercial solar project.
Note: Green Blizzard is not endorsing any particular financial product, but merely making our readers aware that green investment opportunities exist.
Companies such as Wunder Capital connect investors with commercial solar projects worthy of financing. Its similar to crowdfunding. With a minimal investment of $1000, a person can join a pool of impact investors willing to lend money to a solar project. Solar projects run the gamut from rooftop solar on top of cold storage facilities, a California grocery wholesaler, churches, even independent schools, even community solar projects.
According to Statista, “Green bonds, also known as climate bonds, are liabilities issued to finance green projects, such as renewable energy, energy efficiency or clean water projects. They’re proving more and more popular. In 2016 alone, the volume of newly issued liabilities more than doubled from €32 to €68 billion worldwide compared to a year before.
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Statista goes on to sa that, “the market shows no sign of relenting: According to the German development bank KfW, the first 3 quarters of 2017 already overtook 2016 with bonds worth €70 billion emitted. With many governments around the world seeking to switch to renewable energy, there’s quite a bit of growth potential left. As of now, this specific market only makes up approximately 0.2 percent of the overall bond market.”