Billionaire Tom Steyer plans net zero apartment upgrades across US

Tom Steyer's Galvanize Climate Solutions will acquire residential properties and retrofit them with the goal of deep emissions reductions.

An arm of billionaire Tom Steyer’s investment firm Galvanize Climate Solutions will begin buying and upgrading property across the US this summer and fall, aiming to cut the portfolio’s greenhouse gas emissions to net zero in three years without the use of offsets.

“This is a real estate strategy with a decarbonization goal,” said Joseph Sumberg, the head of Galvanize Real Estate, who joined Galvanize last October from Goldman Sachs. “Capitalism will look at this successful strategy, and replicate it, creating ripples through the built environment.”

While Sumberg and Galvanize — a firm co-founded by Steyer and Katie Hall that plans to invest billions of dollars — declined to provide a figure for the size of the investment, Sumberg said it will be sizable and will focus on markets including the Pacific Northwest, Colorado, California, Arizona and Texas.

Click here to read the full article
Source: Bloomberg

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

/0 Comments/by
You might also like
With the help of a new solar module, the efficiency in the daily operation of heavy duty cargo bikes can be vastly improved.New solar solution increases range of electric cargo bikes by up to 20%
Agrivoltaics has other benefits besides dual land use and food security; it could also reduce greenhouse gas emissions and make more efficient use of water.Could growing crops under solar panels provide food and energy at the same time?
Agrivoltaics offers a promising solution to the complex task of harmonizing energy production and agriculture.Agrivoltaics boost food & energy production in Asia
Los Angeles is the nation's leading city for installed solar capacity. Solar energy is the city's most abundant renewable power source.All you need to know about solar panels in Los Angeles
A better way to clean solar panels
Emerging research suggests growing tomato plants below and between solar panels could help the country’s billion-dollar-plus tomato industry, especially in places where it faces increasing stress from heat and drought.Agrovoltaics could help California crops, if the economics pan out
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *