DENVER, Colo., March 5, 2019- (24/7MarketNews via COMTEX) As America’s population edges closer to 400 million, but still under 5% of the world’s inhabitants, some politicians are promoting the “New Green Deal”.
The American Action Forum estimates this plan will cost trillions of dollars. Will these trillions even make a difference in the climate? If no one is producing, and companies are not making profits, where will the money come from?
The U.S. Government is already spending billions on climate change initiatives across the globe, without the results that most had hoped for.
We are only a sliver of the world’s population and we are attempting to control the weather for more than 7 billion people, so real innovation and technology are needed, and, like most of the best advances in the last 100 years, success will come from visionary entrepreneurs. The new technologies must be safer, for the environment and the user, and improve efficiencies, economic and energy.
It’s already happening, companies like TESLA (NASDAQ:TSLA) and UBER are trying to revolutionize transportation, with a goal of making commutes a zero emissions event.
Elon is not just the green man because he makes his investors rich; his focus is developing cutting edge technologies, like new solar roof tiles and the underground Hyperloop, which will run on electricity and, when finished, should help improve California’s air quality. Elon Musk is a textbook example of impact capital; he turns money into a major positive impact.
Companies like DowDuPont (NYSE:DWDP) have entire divisions dedicated to developing green and biodegradable products, ensuring that they are leading by example in creating a safer living environment for us all.
Some of the best breakthroughs are from up-and-coming small companies, like Alltemp (OTC:LTMP), which is looking to help save the environment by producing a new coolant that is the safest on the market, but could also save large corporations 20%, or more, in energy consumption. Imagine if businesses like Walmart and Costco, which have significant square footage, adapt this technology? It’s being tested right now in multiple Fortune 500 facilities and we hope to see it in the market place soon.
Just witching to a floor wax that is cheaper and more effective, saved Walmart (NYSE:WMT) $20 million in annual costs and reduced the amount of chemicals needed to buff the floors.
Even (NASDAQ:AMZN) has a green initiative that aims to stem emissions from the millions of delivered packages each year.
The real New Green Deal will be when these types of innovations reach critical mass on a global level.
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