Financing remains the single biggest stumbling block to widespread adoption of sustainable technologies. We salute Council Advisors Bill Browning (of Terrapin Bright Green) and Chris Pyke (of the U.S. Green Building Council) for this innovative idea, which "localizes" the concept of offsets. When we talk about innovation, we typically think just of technology. This is a good reminder that we badly need innovation in other areas as well, such as financing and policy. – Jesse Berst
As explained on the Terrapin website:
The concept of Engaged Offsets is a financial mechanism that presents innovative, transparent, and local solutions to the global crisis of climate change. This investment vehicle makes the purchase of renewable technologies more easily achievable for non-profit organizations, schools, affordable housing developments, and institutional buildings, while providing tangible, marketable benefits to the entities that supply the capital for the offsets. Read more here >>
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Jesse Berst is the founding Chairman of the Smart Cities Council. Click to subscribe to SmartCitiesNow, the weekly newsletter highlighting smart city trends, technologies and techniques.
