Climate Finance When Elon Musk promised to deliver 100-megawatts of battery power-storage in 100 days to South Australia — via Twitter — he disclosed for the first time Tesla’s pricing for its battery packs: $250 per kilowatt hour when deployed on a large scale (see, “Elon Musk may be on the hook for battery power in Australia”). At that
A year and half ago, Airbnb enlisted refugee housing guru Cameron Sinclair to help the company connect some of the world’s 65 million displaced persons with short-term housing. Last month, more than 16,000 people responded to Airbnb’s Super Bowl ad, #WeAccept, and offered to shared their homes with displaced persons. Get this: 40 percent of
ImpactAlpha’s Zuleyma Bebell joined Kimbal Musk, comedian/activist Fran Drescher and the folks from Obvious Ventures this week at the Near Future Summit, the invite-only bash in La Jolla, Calif., hosted by Zem Joaquin, founder of Ecofabulous.com. Bebell sipped decades-old-tea with a tea master, ate algae-based shrimp and dined on sustainable seafood, all the while keeping
Motif Investing’s “impact portfolios” use automated algorithms to help retail investors align their stock market picks and their values. The three portfolios include companies leading on environmental sustainability, fair labor practices and good corporate behavior, based on ESG (environment, social, governance) data from MSCI. Motif’s research showed values matter to eight in 10 Americans making investment decisions.
Malaysia will share savings with backers of investments that benefit marginalized communities. The government’s RM3 million ($675,000) Social Outcomes Fund is intended to catalyze impact investing in Malaysia by reimbursing investors whose investments measurably help marginalized communities. To be eligible for payouts, impact investments from philanthropic and commercial investors must generate savings for the government
Climate Finance Sustainable Development Technology Canada is investing US$7.5 million in Automotive Fuel Cell Cooperation, a joint venture between Daimler AG and Ford Motor Company to reduce the cost of fuel cells. The foundation is also making a US$9.8 million contribution to Canfor Pulp Products to demonstrate low cost biofuels. The funds come from a US$32
Karnataka has launched a “proof of concept” fund for women entrepreneurs. The state in southwestern India, home to tech hub Bangalore, created Idea2POC — for proof of concept — to help female innovators prove out their concepts, get certified and pilot their manufacturing processes. The Rs 10 crore ($1.5 million) fund is part of the state’s $333 million initiative