Category Archives: Climate Change

To avoid the most dangerous impacts of climate change, 174 nations have formally endorsed a goal of limiting the future increase in global average temperature above pre-industrial levels to 2 degrees Celsius (2°C). The International Energy Agency (IEA) estimates that achieving this 2°C target will require an additional USD 40 trillion of investment over the next 35 years – beyond what is projected to occur in a business-as-usual scenario – as well as moving a spectrum of zero carbon technologies (i.e. renewables, energy efficiency, nuclear, advanced nuclear, carbon capture and sequestration, etc) at mass scale. 49 prince street works alongside a consortium of global actors – institutional investors, developers, engineers, energy companies, and policy experts – focusing on critical areas to advance the climate agenda that others generally aren’t.

Aligned Intermediary

Co-founded Aligned Intermediary (AI), an investment advisory group created to help long-term investors (LTIs) and concessionary capital players align, accelerate and increase the flow of capital into climate infrastructure investments across clean energy, water infrastructure, and waste-to-value.

It is estimated that the global community of long-term investors – pension funds, sovereign funds, endowments, insurance companies, family offices, and foundations – command approximately $80 trillion of investable capital. US government agencies estimate that over $40 trillion will need to be invested across the globe over the next 35 years to rebuild and decarbonize the global energy system in order to achieve the necessary global greenhouse gas emissions goals. Therefore, it is imperative that LTIs become significant players in any decarbonization scenario.

 

 

 

 

Energy Options Network

Co-founded Energy Options Network (EON), an incubator created to increase the expansion of zero-carbon energy options available to accelerate large-scale energy system decarbonization.

EON works on designing and catalyzing scalability pathways to move technologies from promising to ‘investable’.

As most future energy system growth will likely take place in the developing world, EON focuses heavily on technologies practical for application there such as nuclear, advanced nuclear, ammonia fuel, and carbon capture and sequestration.

The organization is also in the process of developing a small menu of potentially transformative (very early stage) technologies that its commercialization expertise — along with impact dollars — could be extremely instrumental in helping to propel forward.

 

Electrification Coalition

Co-founded the Electrification Coalition (EC), which created a clear Electrification Roadmap, as well as bipartisan alliance of industry leaders committed to scaling electric and autonomous vehicles nationwide.

Transportation – cars, trucks and buses – is one of the largest sources of greenhouse gas emissions in the U.S. The increased use of electric and other alternative vehicles with low- or zero emissions has the potential to help disrupt the current climate trajectory – one of the most urgent challenges the world is facing.

EC’s roadmap provides a blueprint for launching ‘deployment communities’, which it put into practice by partnering with the cities of Fort Collins and Loveland, Colorado, and Colorado State University in “Drive Electric Northern Colorado” (DENC), a first-of-its-kind electric vehicle deployment community initiative. It also created the Fleet Electrification Roadmap aimed at spurring electric drive technology in commercial and government vehicle fleets.

From the lessons learned in Colorado, Paul Allen’s Vulcan and the U.S. Department of Transportation went on to launch the $50 million dollar Smart City Challenge “to enable the most innovative, ambitious and forward-thinking city in America to show the nation and the world a practical path to replacing carbon-based fuel consumption.”

Columbus, Ohio won the Smart Challenge in June 2016 – beating out six other finalists – and lining up 90 million additional dollars in local commitments, spearheaded by support from a circle of CEO’s, all committed to upgrading Columbus’ transportation network and status as a world class city.