… hail insurance, the most common policy in agriculture. In years when crops were damaged before they could be harvested and sold, crop insurance provided resources that allowed farmers to be able to plant the following season. Settlements for … that climate change was likely to increase the frequency of major events, but it would takeyears for the changes to show up in actuarial models. Nonetheless, Santam was preparing …
… finally produce a workable, global scheme to reduce greenhouse gasses in the environment. Unfortunately, the conference produced little concrete action and most agreed that the final … mechanisms such as the European Carbon Market. The conference in Copenhagen came after 20 years of international conferences and scientific panels on the issue of climate change. The … consensus could change the nature of the European scheme as well as hamper the growth of the overall market. The Kyoto Protocol was set to expire in 2012 and no one knew …
… on Climate Change (GC3), a group charged with creating a comprehensive climate strategy for the State of Connecticut. As of September 2016, Garcia remained undecided about a key … The GC3 had been tasked to develop interim statewide greenhouse gas reduction targets foryears between 2020 and 2050 and identify short- and long-term statewide strategies to … quasi-state agencies, business, and nonprofits. The GC3 recommendations would have to take into account Connecticut’s changing energy profile. Between 1996 and 2015, natural gas …
… oil company PEMEX had to find ways to implement this policy. Nevertheless, in spite of efforts by various government agencies as well as PEMEX, by mid-2014 no ethanol had been … could help extend the country’s supply of crude oil. The country's demand for gasoline was growing, but the production of crude oil from the country's shallow-water wells in the Gulf … seemed a logical choice. Mexico already had commercial production of sugar, and in recent years had seen a surplus. Many sugar mills in Mexico already had the ability to distill …
… for a substantial percentage of its greenhouse-gas emissions. Given that it will take decades for these buildings to be replaced, the rigorous standards developed in recent years for new buildings … both the investment cost for energy-efficiency upgrades and the subsequent cost savings. Source Yale Center for Business and the Environment Areas of Focus Sustainable Finance and …
… to the greenhouse effect was underway and could have potentially devastating consequences for the ecology of the planet. Since automobiles were a substantial contributor of CO2 to … engines (ICE) and to seek an alternative powertrain that did not use fossil fuels. For GM, the search for a new powertrain required a substantial change in mindset, since the ICE had been a mainstay of the automotive industry for over 80 years. Nonetheless over the next decade, GM spent billions of dollars experimenting and …
… As the Connecticut Green Bank works to design high-impact programs for the solar market, it has supported the design and adoption of legislation that expanded … renewable portfolio standard (RPS) was being predominantly met with out-of-state resources from Maine, New Hampshire, and Vermont, yielding little economic development benefits … of RSIP through creation of the SHREC. This bill passed with support from a range of stakeholders including the leadership of the Governor of Connecticut and, in general, …
… Ash award in policy innovation, the "Nobel of policy," upon the Connecticut Green Bank for its role in "sparking the green bank movement." The Green Bank used financial … $16.3 million annually from the Connecticut Green Bank’s budget over the following two years. In 2017, nearly 90% of the Connecticut Green Bank's operating funds came from public sources. How then could the Green Bank, whose mission rested on building trust, both insulate …
… finance into the state market. This case study describes how this bank set up the Efficient Buildings Fund (EBF) and is iteratively improving it. This bank, which combines the features … Public Energy Partnership (RIPEP) was temporarily accelerating utility energy-efficiency efforts. The new state leadership created the RIIB. It was built by renaming and restructuring … walk through the creation of the EBF and some of the factors that have led to its success. Source Center for Business and The Environment at Yale Areas of Focus Sustainable Finance and …
… On February 23, 2007, your investment banking firm receives an urgent call from James D. Marston, Regional Director … of the Texas Climate Initiative. You meet with him and learn that he needs help preparing for an unusual negotiation. Marston will be flying to San Francisco for a negotiating … the private equity firms seeking to acquire Texas electrical utility TXU, and he needs your immediate feedback. The private equity firms want two environmental groups - …