If you are looking for the path to a more sustainable future, you have found the trailhead. In our 26 years of publishing we have rarely seen a topic with more momentum, — from the articles in this issue to the increasing amount of news covering renewable energy. A strong business and environmental case for sustainability has emerged, as more cities, states and companies are making commitments to renewable energy stretching out over the next 25 years as capacity increases.
Globally, CERES reports that over $330 billion in clean energy investments were made in 2017. There are increasing investment opportunities at every level, — from retail mutual funds to institutional money. According to ACORE’s recent survey of leading financial institutions, investor confidence in the U.S. renewable sector is expected to remain high, with a market opportunity for $1 trillion in private sector investment for U.S. renewables and enabling grid technologies from now to 2030.
Bloomberg New Energy Finance reports that the world has reached the benchmark of 1,000GW of Wind and Solar energy generation. They estimate that the second terawatt of wind and solar will arrive by 2024 and cost 46 percent less than the first. The pace of innovation is accelerating in renewables, — from large solar and wind farms to small independent microgrids throughout the world. There are jobs in the clean energy industry because energy resiliency is vital to a stable future and a sustainable economy.
Recently, GreenMoney was honored to be named one of the Top 100 Corporate Social Responsibility Influence Leaders. We were selected because of our advocacy and commitment to educating individuals and corporations on how business can make a positive difference in the world. Let me close this column with an interview I did recently on the “Better Money Decisions Podcast” with host Kate Stalter, CFP. Listen here.
– Cliff Feigenbaum, founder/publisher EMAIL CLIFF