November 26th, 2023
Via Gates Notes, a reminder that buildings represent significant opportunities for energy efficiency improvements:
Buildings waste a lot of energy: Because of inefficient windows and gaps in what’s known as the building envelope, as much as 40% of heated or cooled air leaks out of the typical building. If we can drive that number down, buildings will require less heating and cooling—which will substantially lower our emissions. Aeroseal has developed a polymer that can seal ducts and other crevices; more than a quarter of a million buildings in the U.S. and Canada are already using their product. Another company, Luxwall, has developed a window that’s many times more efficient than the single-pane windows used in most buildings. And unlike double-paned windows, it’s thin enough to replace single-paned glass without having to rebuild the frame.
'Black Swans' are highly improbable events that come as a surprise, have major disruptive effects, and that are often rationalized after the fact as if they had been predictable to begin with. In our rapidly warming world, such events are occurring ever more frequently and include wildfires, floods, extreme heat, and drought.
'Green Shoots' is a term used to describe signs of economic recovery or positive data during a downturn. It references a period of growth and recovery, when plants start to show signs of health and life, and, therefore, has been employed as a metaphor for a recovering economy.
It is my hope that Black Swans / Green Shoots will help readers understand both climate-activated risk and opportunity so that you may invest in, advise, or lead organizations in the context of increasing pressures of global urbanization, resource scarcity, and perils relating to climate change. I believe that the tools of business and finance can help individuals, businesses, and global society make informed choices about who and what to protect, and I hope that this blog provides some insight into the policy and private sector tools used to assess investments in resilient reinforcement, response, or recovery.