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Tag: Climate change

  • AC is hard on the planet. This building has a sustainable solution | CNN Business

    AC is hard on the planet. This building has a sustainable solution | CNN Business

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    New York
    CNN
     — 

    In mid-July at the construction site at 1 Java Street in Brooklyn, New York, the outside temperatures can reach sweltering highs in the 90s. But 500-feet underground, it’s 55 degrees all year round.

    That stable, underground temperature will be key to making life comfortable in the residential building that will soon sit on the site, a scenic spot in the Greenpoint neighborhood along Brooklyn’s waterfront.

    With 834 rental apartments plus commercial space, 1 Java Street is set to be the largest multifamily, residential building with “geothermal” heating and cooling system in New York State — and potentially the country — when it’s completed in late 2025, according to developer Lendlease.

    Geothermal technology is essentially a more eco-friendly version of an HVAC system, allowing the building spaces and water to be cooled and heated more efficiently, without traditional window AC units and natural gas. Lendlease says the technology will make it possible for the nearly 790,000-square foot building to release around 55% less carbon and achieve net zero greenhouse gas emissions.

    With summer temperatures reaching record highs around the world, experts say finding ways to cool buildings that are less taxing on the environment could be crucial in fighting climate change. Even back in 2018, air conditioning and electric fans accounted for around 20% of total global electricity use, according to a report cpublished that year by the International Energy Agency. Now, energy and urban development experts are urging cities and developers to implement new solutions to keep buildings cooler. And both New York City and the Biden administration have identified geothermal systems as one way to reduce greenhouse gas emissions.

    “Whenever we look at a site, we consider how we can make it more sustainable,” Layth Madi, Lendlease’s senior vice president and director of development, told CNN, adding that the development firm is aiming to reach net zero by 2025 and be fully decarbonized by 2040.

    “I think many residents will choose to live in this building because of its green credentials,” Madi said. “We know a lot of people are thinking about climate change and our impact on the planet.”

    Geothermal plumbing works by sending water from a building deep into the ground below it to take advantage of the earth’s naturally stable internal temperature — on hot days, the underground temperature will reduce the temperature of warm water from the building to help with cooling; on cold days, it will warm up cold water to help with heating.

    At 1 Java Street, construction crews are drilling 320 holes, each around 4 inches in diameter and 499-feet deep, to create the building’s geothermal piping system through which the water will be pumped.

    “Your thermostat turns on and it tells your building, ‘I need heating or cooling.’ And it energizes pumps, and those pumps flow fluid through the [geothermal] circuit that we’ve established here on site,” said Adam Alaica, director of engineering and development at Geosource Energy, the Canadian firm that’s installing and drilling the vertical geothermal piping at 1 Java Street.

    For now, the process doesn’t come cheap. Installing the building’s geothermal system increased construction costs by around 6%, according to Madi, and required securing equipment and trained manpower that remains relatively scarce.

    “We’re seeing rapid growth — I would say approaching that of exponential growth year over year in interest in the technology, which is very exciting for the industry as a whole,” Alacia said. “The bottlenecks to that growth have always been, and will continue to be in the years to come, specialty machinery to implement this infrastructure and the people resources it takes to do this.”

    Eventually, though, as more developers invest in geothermal and more companies provide the specialty training needed to install the technology — Geosource operates its own training program — Madi said he expects the costs to come down. And once the building is up and running, it should be more cost efficient to heat and cool.

    Lendlease didn’t specify whether residents of 1 Java Street will experience any cost savings on utilities thanks to the geothermal system (the units themselves will be priced at market rate, with 30% of them set aside as affordable housing). “Ultimately, it will be up to tenants to manage their power consumption and work with the utility company on billing,” the company told CNN.

    While 1 Java Street will be one of relatively few geothermal buildings in the state, the companies behind its development say New York — and the world — could use more buildings like it.

    “Geothermal is not a new technology … there’s kind of a primitive component to it, using the earth as a heat source and heat sink,” Alacia said. “In general, geothermal can really be used anywhere you have ground under your feet … The cost and the business case can vary, but technically it has strong credentials really anywhere in the country.”

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  • Astrilis Working Group Calls for International Collaboration to Ensure Prosperity

    Astrilis Working Group Calls for International Collaboration to Ensure Prosperity

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    Global program makes essential resources available and provides the only feasible solution for Climate Change

    Press Release



    updated: Jan 23, 2019

    Astrilis Working Group announced today that it was implementing its plan to solve the intensifying problems caused by the rapid growth of human population, in the only humane manner by which they can be feasibly resolved, and has begun informal discussions with international financial institutions regarding possibilities of technical and financial cooperation. 

    Mr Bob Roth, the Chairman of AWG said, “Our program rapidly returns the vital resources we need to sustain our consumer-based societies, and by creating entirely new markets for the vast majority of the resources we acquire, we maintain the stability of the current market values of the PGMs and other materials on which our financial institutions are based.” 

    Astrilis provides the solutions for many of the accelerating climate problems reported over the course of the last year, including those most recently identified at the WEF, as Black Swans, Gray Rhinos, and the other financial market difficulties presented as being imminent. As there remains little time to deal with these problems, AWG is calling for global collaboration to encourage the rapid implementation of these solutions.

    AWG’s Project Architect, Dwight Prouty stated that “By converting the slag we obtain from refining asteroids, into new territory in the form of habitations and industrial platforms, we create protected environments in which industry can less expensively obtain, process and produce the Concrete, Steel, and Glass that is essential in construction and manufacturing, and outspaces the majority of the CO2, and other greenhouse gas emissions that are causing climate change on Earth. Hazardous chemical and biological production processes can be safely outspaced, and only the final products safely returned for consumption.” 

    During the press conference AWG’s CEO, Coty Kaliszewski conveyed his concern that “In order to accomplish the Astrilis program efficiently, and equitably, for our species as a whole, the primary challenge that AWG must overcome is our national and industrial tendencies to compete, rather than collaborate,” and said that “AWG’s intent is to ensure the sustainable growth, and development, of every nation. Our forums are designed to provide an internationally common platform, on which technological refinements can be cooperatively developed, and the economic benefits equitably distributed to our entire species.”

    For more information, visit ASTRILIS•ORG

    • Press Contact: Dwight Prouty
    • dwight.prouty@astrilis.org
    • 303 838 7722

    Source: Astrilis Working Group

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  • From Floods to Fires: Ameritech Financial Discusses What Climate Change Could Mean for Student Loan Borrowers’ Finances

    From Floods to Fires: Ameritech Financial Discusses What Climate Change Could Mean for Student Loan Borrowers’ Finances

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    Press Release



    updated: Nov 28, 2018

    From the recent California wildfires to detrimental hurricanes like Sandy and Katrina, it has become more apparent that we may need to better prepare ourselves for these natural disasters. Scientists believe that climate change and global warming could be behind some of the disasters we are facing today. When thinking about being more prepared for emergencies, one has to think about what this means for their bottom line or, more specifically, their student loans. Ameritech Financial, a document preparation company, will continue to help borrowers overwhelmed with student loan debt apply for and maintain enrollment in federal programs, such as income-driven repayment plans (IDRs) that can possibly lower monthly payments based on income and family size.

    “No matter what happens with climate change, our goals at Ameritech remain clear,” said Tom Knickerbocker, executive vice president of Ameritech. “We help borrowers who are unable to keep up with their student loan debt. We guide our clients through the sometimes overly complex processes and act as their trusted advocate as they deal with their loan servicers.”

    No matter what happens with climate change, our goals at Ameritech remain clear.

    Tom Knickerbocker, Executive Vice President of Ameritech Financial

    When feeling the heat on one’s budget, what is the first thing that comes to mind? For many, it’s housing. This is especially important for those who live on the coast or in areas that may soon become flood regions. Getting a home in these areas may be more difficult because of changes in mortgages, property value and insurance. Banks want to make sure that a property continues to hold its value. If the borrower defaults, the bank wants to know if it can get its money back from the property and if the homeowners can continue paying off their loan. Giving loans for properties in flood-prone areas will get riskier as time goes on. Interest rates will soon begin to reflect this. What if someone lives in an area with potential for fire damage, like in California? Insurance for this natural disaster will continue to rise and be more and more difficult to get. Escalating costs for wind damage, water damage and fire damage will end up getting passed onto the consumers in higher premiums.

    If insurance is rising and property value is in flux, what does that spell for everything else that goes into a home, like food and energy costs? Prices for food that is developed in areas that face natural disaster damage have already begun to increase. For example, higher temperatures can cause dehydration which prevents pollination and can lead to slowed photosynthesis. Science Magazine has also released studies about how increases in temperature will likely increase our energy demand, as well as change our ability to produce electricity and deliver it reliably. For student loan borrowers that may already struggle with their finances, increases in food and electricity could spell disaster. Income-driven repayment plans (IDRs) may be able to help. IDRs allow for student loan borrowers to possibly reduce monthly payments, which could help those battling rising costs.

    “It’s always difficult to predict when this will all happen,” said Knickerbocker. “But we will continue helping our clients, working with them for years to come and assisting them in applying for certain repayment programs.” As a culture living with climate change, people may have to start budgeting for it. They have to think about potential changes in housing, increases in food and energy costs, and even increases in medical costs. Saving for these natural disasters will be increasingly necessary, especially for those living in the most affected areas.

    About Ameritech Financial

    Ameritech Financial is a private company located in Rohnert Park, California. Ameritech Financial has already helped thousands of consumers with financial analysis and student loan document preparation to apply for federal student loan repayment programs offered through the Department of Education.

    Each Ameritech Financial telephone representative has received the Certified Student Loan Professional certification through the International Association of Professional Debt Arbitrators (IAPDA).

    Ameritech Financial prides itself on its exceptional customer service.

    Ameritech Financial Newsroom

    Contact

    To learn more about Ameritech Financial, please contact:

    Ameritech Financial
    5789 State Farm Drive #265
    Rohnert Park, CA 94928
    1-800-792-8621
    media@ameritechfinancial.com

    Source: Ameritech Financial

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  • Renowned Activist and Oglala Sioux Tribal Member, Lynn Rapp Joins the Native American Venture Fund (NAVF) as an Advisory Board Member and General Partner

    Renowned Activist and Oglala Sioux Tribal Member, Lynn Rapp Joins the Native American Venture Fund (NAVF) as an Advisory Board Member and General Partner

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    Member of the Oglala Sioux Tribe, former Senior Investment Banker with Morgan Stanley is Connecting the Dots Between Social Impact and Capitalism for NAVF

    Press Release



    updated: Sep 11, 2017

    Lynn Dee Rapp, an enrolled member of the Oglala Sioux Tribe, a former longtime investment banker with Morgan Stanley and former chairperson of the National Congress of American Indian’s Finance and Investment Committee has joined the Advisory Board of Native American Venture Fund (NAVF).

    Ms. Rapp, was born in the Pine Ridge Reservation and combines over 3 decades of experience in financial services, economic and community development. After advising family offices, institutions and high net worth individuals as a SVP with Morgan Stanley’s private client group, she expanded her roles within both finance and activism in Native America by launching SeaCrest Investment Management that caters to a select group of high net worth clients and Eagle Opportunity, a Native/Minority-owned investment firm specializing in financial solutions for Native American Tribes. She furthered her influence within, as a Native American project financier by serving on several high profile boards over her career that promoted economic development and fostered change on a National level. Her current board appointments include the American Indian College Fund – Board of Trustees, American Indian Business Leaders Association, Rapid Loan Fund, a development loan program for Rapid City, South Dakota.

    I believe in NAVF’s mission and that our collective abilities will yield extraordinary results.

    Lynn Rapp

    A Wharton School of Business educated in Critical Elements Consulting, she has provided foundational leadership for the National Indian Gaming Association, the National Indian Education Association, Oweesta, the American Indian Higher Education Consortium, the Native American Finance Officers Association, Aboriginal Finance Officers Association (Canada), National Center of American Indian Enterprise Development and the IMN Native American Finance Conference. Thus, Ms. Rapp brings to NAVF a broad expertise on development of Native American economies, gaming and alternative energy solutions.  “Once you choose hope, anything’s possible, but it does not come without a dedicated effort. “I believe in NAVF’s mission and that our collective abilities will yield extraordinary results,” states Ms. Rapp.

    The Native American Venture Fund (NAVF) is an Impact Investment Fund that promotes Environmental/Economic, Social and Governance (ESG) development activities for indigenous tribes throughout North America, and is managed by Native American Partners, Incorporated. NAVF has established a series of socially responsible and impactful investment funds that will leverage the unique economic and legal advantages provided by the United States government to federally recognized Native American Tribes.

    There are 2.4 million Native Americans who, in general, suffer from a lack of opportunities with higher unemployment (up to 85%) and enormous poverty rates (5x the national average). We believe that by deploying investment capital within select business sectors and guidance provided by financial/ tribal authorities such as Lynn, will create vast economic opportunities within Native America. For NAVF, we are proving to the investment community that impact invest is both significantly profitable, but is creating life changing economic development within these communities,” said John Cataldi Managing Partner, NAVF.

    Ms. Rapp affirmed by stating, “Let’s focus on the positive, and bring prosperity to Native America.

    About the Native American Venture Fund

    The Native American Venture Fund (NAVF) is an Impact Investment Fund that promotes Economic, Social and Governance (ESG) development activities for indigenous tribes throughout North America, and is managed by Native American Partners, Incorporated. For more information, please visit www.NAVF.net. 

    For further information, please contact:

    John Cataldi, Managing Partner

    Native American Venture Fund, LLC

    Email: John@NAVF.net

    Lynn Rapp, General Partner / Advisory Board Member

    Email: Lynn@NAVF.net

    30 Wall Street, 8th Floor

    New York, NY 10005

    Telephone: 212-634-4300

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND RISKS:

    As defined by 15 U.S. Code § 78u–5: This release contains “forward-looking statements” – that is, statements related to future, not past, events. This information is given in summary form and does not purport to be complete. Information in this presentation, including forecast financial information, should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities or other financial products or instruments and does not take into account your particular investment objectives, financial situation or needs. Before acting on any information you should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek independent financial advice. All securities and financial product or instrument transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments and, in international transactions, currency risk. This presentation may contain forward looking statements including statements regarding our intent, belief or current expectations with respect to NAVF’s businesses and operations, market conditions, results of operation and financial condition, capital adequacy, specific provisions and risk management practices. Readers are cautioned not to place undue reliance on these forward looking statements. While due care has been used in the preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts and hypothetical examples are subject to uncertainty and contingencies outside the Fund’s control. Past performance is not a reliable indication of future performance.

    Source: Native American Venture Fund

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