Creating Climate Wealth is about how climate change
- the biggest challenge of our time –can be turned into
a $10 trillion dollar wealth-creating opportunity.
Author Jigar Shah, internationally recognized for
revolutionizing the now multi-billion-dollar solar
energy industry, outlines how entrepreneurs and
investors can unlock the massive potential that climate
change represents. Shah argues that, while new technical
innovation is valuable, deployment of existing
technologies are the key to reaching our near-term
climate targets. Rather than waiting for yet to be
developed technology, business model innovation is the
key to attract mainstream capital and unlock
transformational change. Shah makes a compelling case
for reaching our 2020 climate change goals through
100,000 companies worldwide, each generating $100
million in sales. Unlocking our next economy will be
driven by thousands of companies deploying existing
clean and resource-efficient technologies in
electricity-supply (like solar), transportation,
building materials, industry, forestry, waste, and
agriculture. Shah is not alone; according to the
International Energy Agency, and others, $10 trillion
can be invested profitably—today—in the world’s existing
technologies, making Shah’s plan of 100,000 companies
each generating $100 million in sales a reality in
catalyzing a new economy in the process. Creating
Climate Wealth is also the personal story of Shah’s
journey through the solar industry and the founding of
SunEdison, the world’s largest solar energy company.
Through business model innovations, SunEdison helped
trigger the multi-billion dollar solar energy services
industry. Shah’s revolutionary approach has been
emulated throughout the solar industry. But perhaps more
important, it is also being adapted for other industrial
sectors like agriculture and transportation – unlocking
incredible new revenue streams, creating hundreds of
thousands of jobs, and positively transforming the
planet on a global level. This implementation of
business-based solutions to solve complex social
problems represents a new economic movement; driven by
“Impact Investments.” Impact Investments are changing
the world for the better, promoting development and
economic growth, and encouraging local entrepreneurship.
Unlocking these opportunities represent the largest
wealth creation opportunity of our generation. Whether
you are interested in climate change, poverty
alleviation, or just promoting projects that make
financial sense, this book is for you. Jigar Shah
provides a proven roadmap to understanding the Impact
Economy, and creating the lasting changes that will
improve our world for future generations.
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