Mike Thinks: Business Leaders Are More Receptive To Climate Solutions!

Rainstorms have been more frequently hitting the United States over the last year and a half. What does this tell you? How does the investment in infrastructure track with the frequency of storms? Are we as a nation investing enough in solutions which go to combat the growing effects of climate change? New reporting suggests that this might be the case over the last two years.

An article which appeared in Reuters titled "Climate activists find warmer reception at shareholder meetings" increasingly more proposals are being funded which are aimed at curbing/combatting climate change:

Of the 145 climate-related proposals filed for this year’s springtime annual meeting season, 39 percent led to deals and were withdrawn, according to Ceres, a Boston-based advocacy group that coordinates and tracks the resolutions. Last year the rate was 36 percent, and 21 percent in 2015.

The reporting is not a complete surprise given the success in transitioning toward clean/renewable energy occurring in European countries. Over the last few years, the European Union has pushed remarkably well for a transition through making affordable financing available to countries will to make the transition. As a result, more and more European countries can transition toward renewable energy sources.

Another way to view the success stated in the article cited above is to look at a graph of investment over time. The graphic below shows the trend of green investment over 4 years:

Reuters

According to the graph on the right, which is the number of proposals versus time. The blue columns represent the total number of projects received in a given year. Whereas the purple represents the total number of proposals funded. For 2015-18, the trend of an increasing number of proposals submitted is roughly matched by the rising number of the projects financed.

For 2019, the data is even more exciting. The number of proposals drops for the year. Although there is an increase in the number of projects funded. This means that the total percentage of submitted proposals increased overall. Of course, that was stated in the paragraph above. Still, the data plotted above tells a beautiful story regarding investors warming up to climate activists.

The future is exciting for transitioning toward renewable energy sources. Pictures (data graphs) speak a thousand words. The Ceres group has provided a compelling story looking into the future based on the past. An increasingly large number of jobs are opening up in the renewable energy sector. This has kept up with the growing political will of the citizens of the United States. Hopefully, this momentum does not slow down, but only gains strength to keep alive and well into the immediate future. Stay tuned!

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