Individuals, companies and cities can take action on climate change and save money doing it.
Capital flows out of the economy of a neighborhood, a city, a state, and a country via energy purchases.
Economists have been focused on consumption instead of infrastructure but you can look at energy infrastructure improvements implemented on a large scale as freeing up capital for more consumption including more infrastructure improvements. Everyone uses energy.
Investors are starting to take more of an interest in infrastructure.
The effects of the financial crisis have lasted for years. A short-term boost to consumption via tax cuts is not enough.
By building energy infrastructure on a large scale, more capital is available for other infrastructure improvements providing further savings.
For example, high-speed rail uses less fuel than air travel.
Expanding broadband access and speeds makes online education more widely available.
Upgrading the energy, transportation and communication infrastructure of the country results in lasting improvements to the economy.
For an individual, less money spent on energy means more money for other purchases such as a fuel efficient vehicle leading to more savings.
Grassroots neighborhood organizations
What actions do you propose?
75% of the carbon usage in New York City comes from buildings:
A plan for 100% renewable energy for New York state by Stanford University:
A plan stating that U.S. can be powered 90%–99.9% of hours entirely on renewable electricity:
A low carbon energy inventory for Canada:
Geothermal retrofits of homes and commercial buildings, when paired with other technologies, can reduce monthly energy purchases by 70% or more.
A city like New York City could significantly reduce the amount of money leaving its local economy by using geothermal retrofits along with other technologies on a large scale.
A geothermal retrofit consists of heat pumps and horizontal or vertical ground loops to exchange heat with the ground.
Here is a hostel in Toronto reducing carbon usage by 75% by combining a geothermal retrofit with solar thermal, solar PV, LED lighting, and hot water heat recovery:
A house using a geothermal retrofit:
A water treatment plant using a geothermal retrofit:
Administrative Building of GlaxoSmithKline in Quebec uses solar and geothermal energy:
Solar thermal can also be converted into electricity.
Hot water heat recovery:
A school using rooftop wind power:
Besides geothermal, some industries also have waste heat that can be recovered and converted to energy.
Plasma gasification of municipal waste can produce energy. It can also destroy hazardous waste and, with additional processing, produce liquid fuels.
Carbon dioxide from a waste-to-energy plant using plasma gasification can be processed into bicarbonate:
Carbon dioxide can also be processed into fuel:
Individuals and companies can save money on fuel by leasing vehicles like the Chevy Volt.
Similar technology for commercial trucks:
LED lighting can reduce the cost of industrial lighting up to 90%:
It can also save cities money.
There are several ways to provide incentives and financing for energy infrastructure.
A small change to the Federal Reserve Act would allow it to invest in infrastructure bonds.
Other barriers to financing renewable energy infrastructure need to be addressed:
Hans-Josef Fell wrote Germany's feed-in tariff law to encourage investment in solar energy:
Los Angeles Utility Goes for Local Solar with 100 MW Feed-In Tariff:
Moving deposits to credit unions and community banks redirects capital to local investment such as energy infrastructure.
For individuals, energy efficiency improvements can be financed with repayment attached to the property tax of the building and not the current owner:
Minibonds would allow the country's population to invest in infrastructure.
Bonds are usually sold in blocks to lower overhead. An electronic trading platform allowing direct sales of minibonds such as the software used in crowdfunding platforms would lower overhead.
First Solar Bonds Financing $4.6 Billion U.S. Panel Boom:
Crowdfunding provides a way for the population to fund infrastructure when the financial industry is focused on investing offshore or investing in derivatives.
No one is more motivated to improve infrastructure in a country than the people who live there.
Denmark has enough wind power generation capacity to generate 100% of its energy from wind when it is available.
If that was combined with geothermal retrofits and rooftop solar (as in Germany), the country would require less wind to meet 100% of its power generation needs more often.
The state of Maryland has roughly the same size population and land area as Denmark.
Spain can generate 40% of its power from wind.
A system to store renewable energy as a temperature difference:
A system to store solar and wind energy as hydrogen:
Wind power battery facility opens:
High capacity battery storage:
We have sufficient technology to solve the problem. With new technology coming online in the next few years, further improvements are possible.
What is needed is improving the awareness of what is currently possible, how it can save industry, cities and individuals money, providing financing and following through by building energy infrastructure on a large scale.
Who will take these actions?
Individuals, companies and city governments will take action to save money via energy infrastructure.
Where will these actions be taken?
How much will emissions be reduced or sequestered vs. business as usual levels?
Using New York City as an example, emissions will be reduced by about 56% (75% x 0.75).
What are other key benefits?
Investing in energy infrastructure also provides jobs and efficiency gains for the economy.
What are the proposal’s costs?
Some legislative changes are required. If those are made, the Federal Reserve and individuals can invest in infrastructure.
This proposal may require new political candidates running for public office at the city, state and federal levels to implement it at its largest scale.
See links in proposal for references of the tecnnology involved.