Sustainable Investment Means Energy Independence From Fossil Fuels
7 Pages Posted: 24 Feb 2013
Date Written: February 22, 2013
CalPERS is only one of many investors who face major challenges in finding and evaluating truly sustainable investments. Cheap fossil fuels create a strong monetary bias against stable secure steady-state investment in basic needs, while aggravating the climate change which makes sustainability a key goal. Cheap fossil fuels also offer unprecedented size and power to large, hierarchical, centralized, and authoritarian organizations that are ill-suited to human nature and historical culture. Some innovative perspectives, approaches and criteria for success in meeting these challenges are described and discussed, along with several specific examples.
Keywords: sustainable investment, fossil fuel, steady-state
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