Sustainable development is defined in the Brundtland Report as “development that meets the needs and aspirations of the present without compromising the ability of future generations to meet their own needs”
While a growing number of Fortune 500 companies are setting sustainability goals, it is much more than simply a business practice, it’s a philosophy of life that looks at the long term ripple effects of every decision, purchase and action that is being made today.
“Potential savings and sustainability goals prompted corporations to buy almost 3.7 gigawatts of power generated by clean-energy projects in 2015, and another 2.5 gigawatts last year..” Bloomberg
Sustainable development is one of the primary objectives of The EmeraldPlanet International Foundation. Their stated goal is to identify and share the 1000 best practices in the field of sustainable development.
The Foundation’s President, Dr. Samuel Lee Hancock, is also the producer & host of the EmeraldPlanet TV Program which is broadcast weekly to 2095 stations around the world!*
Dr. Hancock recently invited The Energy Alliance Group (EAG) of Michigan’s CEO Scott Ringlein, and Project Development Manager Steve Payer, to be guests on a segment discussing Property Assessed Clean Energy (PACE). PACE is a funding mechanism offering a number of benefits versus traditional financing alternatives. Its availability results in the financial justification and implementation of a significantly greater number of energy efficiency, water conservation and renewable energy projects.
Dr. Hancock’s invitation to EAG read as follows:
Good morning Scott, Steve, and all Colleagues and Clients of Energy Alliance Group of North America! It will be a great pleasure to feature your organization as you convert abandoned, dilapidated, or outdated buildings into energy and water efficient structures while reducing GHG emissions, lower operating costs, and increase comfort for users. There are many interesting ideas and important projects being created by your organization which are of interest to our domestic and international audiences.
A 50 second clip from the show details a recent upgrade to a 1920’s era apartment complex which was made possible through PACE financing:
The complete list of experts joining Dr. Hancock in the discussion on Property Assessed Clean Energy (PACE) included:
- Scott Ringlein, BSME, MSME, Founder and President and Steve Payer, Project Development Manager, The Energy Alliance Group of North America
- JoAnn Crary, President, Saginaw Future Inc., Saginaw Economic Development
- Kyle M. Peczynski, Business Development Officer, Petros PACE Finance
- Andrew (Andy) S. Levin, Esq., President, Lean & Green Michigan™ and Managing Partner, Levin Energy Partners, LLC
Dr. Hancock’s description of PACE used for program promotion explained the unique financing that fosters sustainable development in this way:
The “Property Assessed Clean Energy”, or PACE, is a long-term financing tool for commercial property owners, and even homeowners in selected states, to pay for energy efficiency, water efficiency, and renewable energy upgrades. Property owners receive 100% pre-funding for energy saving upgrades on their facilities and pay the loan back through their property tax bill. PACE programs offer long-term private financing for renewable energy and energy efficiency upgrades to homes and businesses.
The program was broadcast live on March 26, 2017 and the replay is available at the link below:
* The EmeraldPlanet weekly television program is simulcast to 2,095 stations around the United States and then overseas by the Internet and C-SPAN TV. The show is available in all 214 countries and territories around the world.