- February 26, 2014
- COWS
- Mayors Innovation Project
There is a growing toolbox of measures cities can take to combat climate change. One of these tools, divestment from fossil fuels, is ethical, viable, and a moral imperative. Divestment is strengthened when the funds divested are redirected to climate-positive projects. Divestment and re-investment help reduce the carbon risks of cities. Taking inventory of what funds the city has control over and identifying which ones are invested
in fossil fuel industries is the first step and an easy hurdle. There are a couple ways fund managers and cities can re-invest these funds to help balance out their portfolios.
- February 26, 2014
- COWS
- Mayors Innovation Project
Climate change represents the single greatest long-term threat to our cities and citizens. The health, wealth, infrastructure and ability to maintain basic services of cities will increasingly be degraded as our planet warms and our weather worsens. Yet local governments are currently sharing in the profits made by the fossil fuel industry – investing in the very companies that are directly responsible for this threat.
According to current scientific predictions, we can only put 500 gigatons more of carbon dioxide (CO2) into the atmosphere and still keep global temperature rise below 2°C, a goal that the United States and nearly every other country on Earth has agreed to meet. Here’s the terrifying part: the fossil fuel industry has 2795 gigatons of CO2 in their coal, oil and gas reserves, five times more than we can burn and stay under the 2 degree threshold.1 If we’re going to see serious progress on slowing climate change, we’re going to have to keep that carbon in the ground, and that means addressing the fossil fuel industry head-on.
Divestment, a strategy pioneered in this country during the antiapartheid movement, is a powerful tool that we can use in this fight. The logic of divestment is simple: We shouldn’t be funding our retirement by investing in companies whose operations ensure we won’t have a safe planet to retire on. It’s not worth greening your city for the next generation, if you’re also investing millions in companies that are threatening that generation’s future. Local governments have the opportunity to be leaders in combatting this contradiction by divesting their funds – general, retirement, utility, pension, etc. – from fossil fuel companies.
- January 7, 2013
- COWS
- John Cleveland and James Irwin
This report presents recommendations on potential high impact philanthropic investments to advance deep building energy efficiency improvements at scale within the healthcare sector. It is one of five reports being developed for a coalition of six philanthropies that are collaborating to see what they – and others – might do to rapidly increase and scale the energy efficiency retrofit market for buildings in the United States. These philanthropies are the Doris Duke Charitable Foundation, Energy Foundation, Kresge Foundation, Living Cities, MacArthur Foundation and Rockefeller Foundation. The other sectors for which market development strategies are being developed include: commercial office, commercial retail, single-family residential, and multifamily residential.
In the summer of 2012, expert panels of 10-12 individuals were convened for each of these sub-segments. These panels developed recommendations on priority approaches and research needs for each sector. The recommendations in this and the other segment reports build upon these initial ideas.
The process used to develop these recommendations included background research on energy efficiency strategies for the healthcare sector and interviews with 33 participants in the sector, representing healthcare systems, NGOs, trade associations, service providers and utilities.1 The interviews solicited feedback on the recommendations from the expert panel as well as other ideas the interviewees had on how to advance this
market.
- September 27, 2012
- COWS
- Laura Dresser & Joel Rogers
Human capital — workers’ skill and knowledge and creativity — has always anchored our vision of the green economy. But as a darkening economic and political horizon circumscribes this country’s exuberant green imaginings, plotting a course to our common future requires a new reckoning. Greener Pathways (2008) and Greener Skills (2010) charted the intersection of workforce development and a greener economy. This report, Greener Reality, explores not only the practice and promise at the crossroads, but equally importantly the economic, natural, and political context which surrounds that intersection. All the work at the corner — diverse in structure and quality as it is — faces the challenges of that context, a reality increasingly defined by rising temperatures and inequality, and declining true democracy. Our efforts, and those of many other thinkers, advocates, practitioners, and policy-makers invested in building a greener economy, is surrounded and often swamped by the fierce forces at play in American politics.