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Ethex triples finance for businesses creating positive impact in past year



Online marketplace raises £18 million for projects, including renewable energy, organic farms and social property. Ethex has tripled finance for businesses creating social and environmental change in a year, thanks to growing demand for investments that make a positive impact and pay a financial return.

The award-winning positive investment platform has raised more than £12 million for values-driven enterprises in the last 12 months, taking the overall total from £6 million to £18.1 million

Lisa Ashford, Chief Executive of Ethex, said: “We are seeing an explosion of interest from people who want to invest their money where it will earn a return and make an impact. Ethex is helping to finance a more sustainable world by providing a marketplace for businesses creating positive change and connecting them with like-minded investors.”

Since its launch in January 2013 Ethex has raised finance over 40 positive businesses and has listed over 60 different investments including community-owned renewable energy projects, organic farms, micro-finance schemes, social property, fair trade and much more. Current offers include:

Stockwood Community Benefit Society has launched a £700,000 share offer giving investors the chance to become co-owners of the farm that inspired BBC Radio 4’s The Archers and earn 5% interest. The funds will allow it to add 35-acres to its biodynamic farmland near Redditch, Worcestershire, and install renewable energy at its business park.

Mapledurham Community Energy has launched a share offer paying a 7% return to build a £2.1 million community-owned anaerobic digestion plant on the Mapledurham estate, Oxfordshire, which will generate clean energy and heat from cattle slurry and maize silage.

Clevedon Pier and Heritage Trust is seeking £500,000 to upgrade the North Somerset Grade 1 listed pier and build a visitor centre with the goal of attracting 90,000 visitors a year. Shares pay 2% interest.

Harborough Energy is raising £183,600 to install solar panels on a school and health centre in Leicestershire. Shares pay 5% interest and surplus funds will tackle fuel poverty.

Thera Trust is launching a charity bond on the 19th October to raise £2 million, which will principally fund the acquisition and adaptation of freehold properties to provide much needed homes for people with a learning disability and complex needs. Return 5.5% gross per year.

Ethex was founded after social entrepreneur Jamie Hartzell realised that many investors wanted their money to make a positive impact but there was nowhere for them to easily find and compare investments that support sustainable economic development, enhance quality of life and safeguard the environment.

The not-for-profit aims to develop a mass market in positive investing and saving by making it accessible and easy to do. Ethex is an online marketplace, which offers a range of positive saving and investment opportunities, and allows people to compare their social, environmental and financial targets.

Ethex requires all businesses it lists to report against a common set of social and environmental performance indicators including social impact (local employment, procurement policies, community investment), environmental impact (waste and recycling, carbon emissions) and governance (diversity of board and staff, salary ratios).

It provides a secondary market so that investors can sell their shares and a portfolio tool allowing them to track and manage their investments

Ethex has also developed a service to support independent financial advisors and encouraging them to offer positive investments to their clients. This has unlocked almost £2 million into unlisted positive investments.

It won Investment Deal of the Year at the 2014 Social Enterprise Awards, the Finance Award at the 2014 PEA Awards, the Sustainable Finance Award at the 2015 Sustainable City Awards and, most recently, the Community Energy Funding Award in the 2015 Community Energy Awards.

Lisa Ashford, Chief Executive, Ethex, has a background in energy and environmental finance. She has worked in financial services in energy markets at OM London Exchange and Amsterdam Power Exchange before joining Ecosecurities as Global Head of Voluntary Markets to finance environmental projects in developing countries. She is also Chair of Goring and Streatley Community Energy, where she is working to get a community hydro scheme off the ground.

Jamie Hartzell, Founder and Chair of Ethex, set up the Ethical Property Company in 1988. He is active in the Fairtrade sector as Chair of both Divine Chocolate and Zaytoun, which imports olive oil and other products from Palestine.


Will Self-Driving Cars Be Better for the Environment?



self-driving cars for green environment
Shutterstock Licensed Photo - By Zapp2Photo |

Technologists, engineers, lawmakers, and the general public have been excitedly debating about the merits of self-driving cars for the past several years, as companies like Waymo and Uber race to get the first fully autonomous vehicles on the market. Largely, the concerns have been about safety and ethics; is a self-driving car really capable of eliminating the human errors responsible for the majority of vehicular accidents? And if so, who’s responsible for programming life-or-death decisions, and who’s held liable in the event of an accident?

But while these questions continue being debated, protecting people on an individual level, it’s worth posing a different question: how will self-driving cars impact the environment?

The Big Picture

The Department of Energy attempted to answer this question in clear terms, using scientific research and existing data sets to project the short-term and long-term environmental impact that self-driving vehicles could have. Its findings? The emergence of self-driving vehicles could essentially go either way; it could reduce energy consumption in transportation by as much as 90 percent, or increase it by more than 200 percent.

That’s a margin of error so wide it might as well be a total guess, but there are too many unknown variables to form a solid conclusion. There are many ways autonomous vehicles could influence our energy consumption and environmental impact, and they could go well or poorly, depending on how they’re adopted.

Driver Reduction?

One of the big selling points of autonomous vehicles is their capacity to reduce the total number of vehicles—and human drivers—on the road. If you’re able to carpool to work in a self-driving vehicle, or rely on autonomous public transportation, you’ll spend far less time, money, and energy on your own car. The convenience and efficiency of autonomous vehicles would therefore reduce the total miles driven, and significantly reduce carbon emissions.

There’s a flip side to this argument, however. If autonomous vehicles are far more convenient and less expensive than previous means of travel, it could be an incentive for people to travel more frequently, or drive to more destinations they’d otherwise avoid. In this case, the total miles driven could actually increase with the rise of self-driving cars.

As an added consideration, the increase or decrease in drivers on the road could result in more or fewer vehicle collisions, respectively—especially in the early days of autonomous vehicle adoption, when so many human drivers are still on the road. Car accident injury cases, therefore, would become far more complicated, and the roads could be temporarily less safe.


Deadheading is a term used in trucking and ridesharing to refer to miles driven with an empty load. Assume for a moment that there’s a fleet of self-driving vehicles available to pick people up and carry them to their destinations. It’s a convenient service, but by necessity, these vehicles will spend at least some of their time driving without passengers, whether it’s spent waiting to pick someone up or en route to their location. The increase in miles from deadheading could nullify the potential benefits of people driving fewer total miles, or add to the damage done by their increased mileage.

Make and Model of Car

Much will also depend on the types of cars equipped to be self-driving. For example, Waymo recently launched a wave of self-driving hybrid minivans, capable of getting far better mileage than a gas-only vehicle. If the majority of self-driving cars are electric or hybrids, the environmental impact will be much lower than if they’re converted from existing vehicles. Good emissions ratings are also important here.

On the other hand, the increased demand for autonomous vehicles could put more pressure on factory production, and make older cars obsolete. In that case, the gas mileage savings could be counteracted by the increased environmental impact of factory production.

The Bottom Line

Right now, there are too many unanswered questions to make a confident determination whether self-driving vehicles will help or harm the environment. Will we start driving more, or less? How will they handle dead time? What kind of models are going to be on the road?

Engineers and the general public are in complete control of how this develops in the near future. Hopefully, we’ll be able to see all the safety benefits of having autonomous vehicles on the road, but without any of the extra environmental impact to deal with.

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New Zealand to Switch to Fully Renewable Energy by 2035



renewable energy policy
Shutterstock Licensed Photo - By Eviart /

New Zealand’s prime minister-elect Jacinda Ardern is already taking steps towards reducing the country’s carbon footprint. She signed a coalition deal with NZ First in October, aiming to generate 100% of the country’s energy from renewable sources by 2035.

New Zealand is already one of the greenest countries in the world, sourcing over 80% of its energy for its 4.7 million people from renewable resources like hydroelectric, geothermal and wind. The majority of its electricity comes from hydro-power, which generated 60% of the country’s energy in 2016. Last winter, renewable generation peaked at 93%.

Now, Ardern is taking on the challenge of eliminating New Zealand’s remaining use of fossil fuels. One of the biggest obstacles will be filling in the gap left by hydropower sources during dry conditions. When lake levels drop, the country relies on gas and coal to provide energy. Eliminating fossil fuels will require finding an alternative source to avoid spikes in energy costs during droughts.

Business NZ’s executive director John Carnegie told Bloomberg he believes Ardern needs to balance her goals with affordability, stating, “It’s completely appropriate to have a focus on reducing carbon emissions, but there needs to be an open and transparent public conversation about the policies and how they are delivered.”

The coalition deal outlined a few steps towards achieving this, including investing more in solar, which currently only provides 0.1% of the country’s energy. Ardern’s plans also include switching the electricity grid to renewable energy, investing more funds into rail transport, and switching all government vehicles to green fuel within a decade.

Zero net emissions by 2050

Beyond powering the country’s electricity grid with 100% green energy, Ardern also wants to reach zero net emissions by 2050. This ambitious goal is very much in line with her focus on climate change throughout the course of her campaign. Environmental issues were one of her top priorities from the start, which increased her appeal with young voters and helped her become one of the youngest world leaders at only 37.

Reaching zero net emissions would require overcoming challenging issues like eliminating fossil fuels in vehicles. Ardern hasn’t outlined a plan for reaching this goal, but has suggested creating an independent commission to aid in the transition to a lower carbon economy.

She also set a goal of doubling the number of trees the country plants per year to 100 million, a goal she says is “absolutely achievable” using land that is marginal for farming animals.

Greenpeace New Zealand climate and energy campaigner Amanda Larsson believes that phasing out fossil fuels should be a priority for the new prime minister. She says that in order to reach zero net emissions, Ardern “must prioritize closing down coal, putting a moratorium on new fossil fuel plants, building more wind infrastructure, and opening the playing field for household and community solar.”

A worldwide shift to renewable energy

Addressing climate change is becoming more of a priority around the world and many governments are assessing how they can reduce their reliance on fossil fuels and switch to environmentally-friendly energy sources. Sustainable energy is becoming an increasingly profitable industry, giving companies more of an incentive to invest.

Ardern isn’t alone in her climate concerns, as other prominent world leaders like Justin Trudeau and Emmanuel Macron have made renewable energy a focus of their campaigns. She isn’t the first to set ambitious goals, either. Sweden and Norway share New Zealand’s goal of net zero emissions by 2045 and 2030, respectively.

Scotland already sources more than half of its electricity from renewable sources and aims to fully transition by 2020, while France announced plans in September to stop fossil fuel production by 2040. This would make it the first country to do so, and the first to end the sale of gasoline and diesel vehicles.

Many parts of the world still rely heavily on coal, but if these countries are successful in phasing out fossil fuels and transitioning to renewable resources, it could serve as a turning point. As other world leaders see that switching to sustainable energy is possible – and profitable – it could be the start of a worldwide shift towards environmentally-friendly energy.


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