May 2013
| Business World Magazine | 129
provements in addition to approaches that may have
a faster rate of return on investment.
US BCSD member companies have been explor-
ing the application of Property Assessed Clean En-
ergy (PACE) financing as one solution. PACE is an
innovative way to pay for upgrades to existing com-
mercial, residential and industrial structures that
will result in significantly reduced operating costs
and enhanced property values. The program allows
property owners to finance energy-efficiency and
renewable energy improvements through loans that
can be amortized for up to 20 years. The loans are
secured by a property lien and repaid by the owner
as an assessment on the property tax bill. The annual
savings achieved from upgrades are expected to ex-
ceed the annual amount of the assessments.
Active PACE projects have been recently an-
nounced in Florida and California. At present, there
are 27 other states, as well as the District of Colum-
bia, who have adopted comprehensive PACE-en-
abling legislation. Programs are underway in many
of these jurisdictions.
MATERIALS
According to the U.S. Environmental Protection
Agency, industrial facilities in America generate and
manage 7.6 billion tons of nonhazardous industrial
waste in land disposal units annually. Landfill-free
MacroVU® Analytics
Robert E. Horn
Stanford University
415-775-7377
Energy and
Resources
Energy and resource
use have been
transformed to meet
the requirements of
planetary
replenishment and
civilization's
requirements
CO2
Emissions
Global greenhouse gas
emissions have been
stabilized and may be on
the way down as energy
systems are starting to
head toward net zero
carbon
Energy and
resources are used
more efficiently, and
harmful emissions
have been
significantly
reduced
Economy
People, companies and
governments are forward-
looking, problem-solving,
and experimental –
understanding that
security is achieved
through change in a fast-
changing world
long term
perspective
intergenerational
solidarity
new business
models
The successful
companies are those that
through their core
businesses help society
manage the world's
major challenges
A creative society
manages the conflicting
challenges of creating
sufficient jobs while
improving labor
productivity
internal-
ized
CO2
internal-
ized
Prices reflect real
costs, both social
and ecological, and
reward systems
recognize
sustainable behavior
nditions
local,
lobal –
ity of
for
hip and
n
Systemic approaches
are used to manage
systems – such as urban
needs for transport,
energy and
communications
Government
Civil Society
Markets
The concept of work
has changed. It now
includes the possibilities
of part-time, flexitime,
teleworking, co-working,
and years off. People
move easily to where
jobs exist
4-6x
Circular, closed loop designs
drive industry. The efficiency
of materials use, including
the management of waste
and pollution, is many times
greater than at the turn of
the century
World Business Council for
Sustainable Development
Copyright 2010 World Business Council for
Sustainable Development and R. E. Horn
