You reminded me: David Roberts' often states that a hurdle for electrification and decarbonization projects is connecting them to "slow capital". Stuff like residential, community, solar, battery, heat pumps, appliances, ground source heat, yadda yadda.
I gather that there's plenty of "slow capital" perfectly happy with low risk long term modest returns. But these projects are too small to be worth the effort. Probably something about transaction costs.
My impression is there's an opportunity to bundle up these projects for the larger/largest investors. Biden's IRA created a "green bank" (RIP); maybe that was its intended function.
You're smart about money and finance, so you can probably explain what Roberts is talking about (to noobs like me).
You reminded me: David Roberts' often states that a hurdle for electrification and decarbonization projects is connecting them to "slow capital". Stuff like residential, community, solar, battery, heat pumps, appliances, ground source heat, yadda yadda.
I gather that there's plenty of "slow capital" perfectly happy with low risk long term modest returns. But these projects are too small to be worth the effort. Probably something about transaction costs.
My impression is there's an opportunity to bundle up these projects for the larger/largest investors. Biden's IRA created a "green bank" (RIP); maybe that was its intended function.
You're smart about money and finance, so you can probably explain what Roberts is talking about (to noobs like me).
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