How tech groundbreaker Greg Smithies went from Elon Musk's inner circle to tackling real estate's $18 trillion carbon-emissions problem
Smithies has worked on sustainability issues and with Elon Musk's The Boring Company.Greg Smithies, the co-head of the world's largest real-estate-tech climate fund at Fifth Wall, has $500 million at the ready for one monumental task: decarbonizing buildings, the largest single source of carbon emissions in the world.
. Indeed, he said many investors with the Fifth Wall fund are planning to be customers of the very products they're backing, suggesting they see the longer-term benefit on their bottom lines. Buildings emit more than all vehicles — making up 40% of global emissions — but they have received a mere 6% of climate-venture investment, Smithies said. He figures it'll take $18 trillion to"decarbonize the built environment," in annual chunks of about $1 trillion.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Tech billionaires who lost the most in 2022: Musk, Bezos, GatesInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Les mer »
Here's why Donald Trump might not return to TwitterSome Truth Social fans don't want Trump back on Twitter. It's just one of several reasons why he might not return.
Les mer »
Best books for entrepreneurs to read in the new year: foundersInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Les mer »
Silent Hill Insider Teases More Unannounced ProjectsSilent Hill fans already got a huge showcase dedicated this year dedicated to the acclaimed horror [...]
Les mer »
The coolest electric SUVs coming in 2023 from Chevy, Hummer, KiaSee the 7 coolest electric SUVs coming in 2023, from the beastly Hummer to the budget-friendly Chevy Equinox
Les mer »
Elon Musk thinks Greta Thunberg is 'cool' after Andrew Tate Twitter spatInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Les mer »