March 31


You made it to Friday.

This week: Does a shorter work week cut emissions? It might. Plus: The race to build chargers for EV trucks and sidewalks are the key to healthier cities.

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Incentivizing energy efficiency for cities

The problem

Buildings are responsible for nearly 40 percent of global greenhouse gas emissions. Addressing these emissions will be essential for decarbonization in cities. One challenge right now is incentivizing the necessary changes like retrofitting older buildings with smart thermostats, solar panels, heat pumps or energy-efficient insulation. Owners are responsible for the cost of efficiency investments like these. But tenants are the ones who will benefit from lower energy bills.

Fixing it

The energy transition is capital intensive, but there are a growing number of energy infrastructure investments that address the split-incentive problem in multifamily buildings, according to Canary Media. Boosting energy efficiency in older buildings is necessary to meet climate goals. One of Fifth Wall's portcos, Runwise, is tackling this issue with wireless sensor technology that improves building heating systems. Runwise's technology replaces building management systems that, in many cases, were installed in the '60s and '70s. Plus, it's a low upfront cost for owners and quick to set up, Reuters reported. There's more too: Some other climate-friendly updates to older buildings include shared solar and backup battery installations and electric vehicle chargers in multifamily building garages and parking lots.

Looking ahead

Policies like New York’s Local Law 97 will continue to put pressure on building owners to improve efficiency. In fact, Local Law 97 is expected to drive demand for $18.2 billion in efficiency retrofits from 2024-2030. That’s 13 times the current spending trends, according to Canary Media. The bottom line: Energy efficiency remains one of the cheapest way to combat climate change for the built environment.



Portco Brimstone gets spotlight at DOE's bleeding-edge expo


California wants to build more solar farms but needs more power lines


The race to build chargers for electric trucks


Biden: Climate change could spur severe economic losses


To build a healthier city, begin at the sidewalk


The potential of nuclear power

Nuclear power is one of the largest opportunities in the transition to renewable energy sources. Nuclear fusion has been studied and experimented with for over a century, with scientists striving to recreate the same process that powers the sun. So what does the future hold?


Come across a podcast, newsletter, show or even a tweet that you love? Send us your rec by replying to this email.

Could a 4-day work week cut emissions?

After a trial testing out the shorter work week in the UK found that workers were less stressed and maintained productivity, the majority of companies involved in the trial adopted the schedule. But a shorter work week has bigger implications, especially for the environment, reported Sustainability Magazine. It's been shown that countries with longer working hours consume more resources and emit more carbon. A four-day work week trial with Utah state government employees projected that shutting down buildings on Fridays would lead to a decrease of 6,000 metric tons of carbon dioxide emissions annually.

However, any potential energy-savings gains depend on how companies and individuals use resources, the Washington Post reported. If employees opt for remote work different days of the week it might not be as beneficial. Or if folks spend their day at home they could end up using more energy or resources than if they were at the office.

“It doesn’t matter how many days you work if we’re still using fossil fuels,” Juliet Schor, an economist and sociologist at Boston College who researches work, consumption and climate change told the Washington Post.

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This post is presented for informational purposes only, is not intended to recommend any investment, and is not an offer to sell or the solicitation of an offer to purchase an interest in any current or future investment vehicle managed or sponsored by Fifth Wall Ventures Management, LLC or its affiliates (collectively, “Fifth Wall”; any such investment vehicle, a “Fund”). Any such solicitation of an offer to purchase an interest will be made by a definitive private placement memorandum or other offering document.

Forward-looking statements and opinions as to carbon reduction initiatives and real estate markets or any other matters, as expressed in this presentation, are those of the individual presenters, but are not necessarily the views of Fifth Wall as a firm, and cannot constitute a guarantee of future success or profitable results. As a result, investors should not rely on such forward-looking statements and/or opinions, or on anything else contained in this post, in making their investment decisions. Moreover, certain information contained herein may have been obtained from published and non-published sources prepared by other parties and may not have been updated through the date hereof. While such information is believed to be reliable for the purposes for which it is used herein, Fifth Wall does not assume any responsibility for the accuracy or completeness of such information, and such information has not been independently verified by Fifth Wall. This post speaks as of its publication date, and Fifth Wall undertakes no obligation to update any of the information herein.

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No assurances can be given that any of the carbon reduction initiatives or other initiatives described in this post will be implemented or, if implemented, will be successful in effecting carbon reductions or any other initiatives. Investors should consult their own financial, tax, legal and other advisors in connection with any potential investment.

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